Companies can easily unload paper in the market and let it hit the float. All the TA needs is an opinion letter from an attorney. If the company agrees to the issuance, it's a done deal.
I'm not saying that is actually happening here... but it certainly could be. With the company's long history of screwing investors, it wouldn't exactly come as a surprise.
Maybe the company has turned a corner and wants to act more legit these days. Should they be forgiven for ripping off hundreds (maybe 1000's) of people in the past?
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