The "other" shareholders had MORE THAN ample warning this mess was coming. Manipulation is the key with these type of stocks. This stock was protected well but now that all of the cards are on the table (so to speak)...the players will come and see what they can drain out of it.
If you know how to trade them, you win. If you don't...you are a "long" in a crappy penny stock.
ummmmmmm hate to break it to ya but the CEO already screwed his 1st crop of shareholders by draining the 1st round treasury well dry...allowing the pre R/S share price to go to no bid...allowing Q1 sales to decline a whopping -60%...and implementing his gigantic 500 to 1 reverse split!
So the fact that the post R/S share price is already down to .012 which is approx. -75% lower than the pre R/S share price of .0001 means the 1st crop of s/h's have already lost because the 2nd round of treasury stock hasn't even been unleashed yet...but trust me it's coming...if it wasn't there would've been no need/reason for eric to reverse split in the 1st place choo-choo!
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