Oh the stock will drop
That's pretty much a given.
Even after the pump/dump is over, the PPS may not drop to no bid overnight. There will be investors buying as it keeps falling and falling and falling.
Before the last reverse split, there were investors and Hop-On claiming there would be no reverse split......then Hop-On pulled the rug out from under them without warning and did a reverse split.
During the reverse split, conversion of shares, and depositing of the new R/S shares by your brokers; investors's shares will be locked-up. By the time the R/S are tradeable again, the PPS will have tanked so low that most investors will not get even 1/5th of their initial investment back.
In the meantime, Hop_on and converted preferred shares will be dumped into the already bloated share pool.
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