Its not legal and like most if not all penny stocks, its a scam. What investors hope to do is get a piece of the pump action before they all dine and dash. It will continue to be a scam too with the new name and no one will expect any profit until the process goes through. Its sad yes, but what is there to do? The company will deny it and unless valid evidence is shown there is nothing that can be done. Unfortunately I was one of these people that was hoping to make a quick buck on this company with news of the share cancellation as well as PR on weed, unfortunately no one expect this company to do this. The only reason why they did is because after the last few pumps which held absolutely no stock gain, they decided to start from scratch and change the name of the company as well as sparking new situations which they hope will get new faces to want to invest in this company. In time the company will gain profits and when that happens I am one of many that will selling and moving onto a new company but until they have a bid, there's nothing any of us can do. (Which I'm sure they set up themselves so they don't go completely under)
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