Not just PLNI, but damned near every penny stock is going through the same thing.
This is THE very reason the penny market is slowly dying.
Used to be that playing pennies was realatively reliable... Nowadays companies are just killing themselves with dillution and to call it the CMKX effect is absolutely correct.
All these companies saw what CMKX got away with and now they are doing the same.
Look at QBID... OS when it ran to .028 was around nine billion... Then bamm up to thirty, then fifty, then a hundred... Who knows what its up to now and still loyal lemmings sit back and delight in being able to buy more.
GZFX is looking the same at the moment.
Before anyone whines about CC only doing business with a REAL company they should investigate Time Warner doing business with QBID.
Increasing the OS from one to three billion in just a few months is an unmistakable indicator...
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