i'm not sure you're catching the most important fact here. it has nothing to do with news, nothing to do with loans. it's price action -- controlled ENTIRELY by debt holders.
if the company had millions in revenues, and the debt holders wanted to tank it, they could.
and it's every single day in pennyland debt holders convert low and push total scams sky high.
so why are we even talking about boepd? that's a sideshow to the main event. what's happening here is a little game, where debt holders crush a company until its market cap is tiny, all the 'in-crowd' get their boats loaded, and then when news comes, it's as if that one PR was something earth-shattering and unexpected.
remember how hard we ran before the RS was announced? all the way to .20 on volume. people thought "this is it!"
then, as quickly as it started, someone called the train back to the station.
gee, i wonder why?
could it be the float wasn't owned yet?
lots of fun and games in pennyland. trade accordingly.
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