Old API Wind-down Ltd - Ordinary Shares ARLZQ

RE:Joke

[GoldenDilemma]

Bullish19 wrote: Love how non-chalantly they announce "there may be a good chance we cannot cover our operationg expenses over the next 12 months" Unless bankruptcy is the "new strategic direction" these guys are delusional

They will reverse split and unload shares into the price because they have a shelf filed and have stock to sell to generate $. Watch - it will get hit hard again and be below $1. Longs will be diluted, shorts will have a field day. Meanwhile, with the cash they generate from the selling of stock, management will maintain their salary and keep the gongshow afloat.