RE:COOLThis scam of a stock will never get listed on the Nasdaq. This is the 3rd LDS/COOL reverse split, which will wipeout most investor wealth, just like the last 2 did. And, the losses will go to the BOD and insiders in the form of more PP (more dilution to retail shares) , and cheap warrants for them.
They foolishly think that they can take a shortcut route to the Nasdaq, through this 8:1 reverse split, thinking that this will drive up the price 8X, enabling them to qualify for the minimum Nasdaq s.p required. It will NEVER happen!
The stock will barely go up, then fall right back down again, as what happened the last 2 times with LDS. Nasdaq wants to see revenue generation, sustained stock price performance, and company success.
When the stock price fails to go up 8X to cover the reverse split loss to investors, they will once again find out that 7/8 of their COOL investment will be permanently wiped out in a short time!
Their goal is to keep bringing in new, naive investors, who have no knowledge of how all past LDS/COOL investors lost most of their entire investmrent. So, as long as they can hype this garbage stock, and recycle/bring in new investors, they can keep the scam going, while enriching themselves with cheap warrants (stock options) to buy at a fraction of retail price.
They also don't keep promises, and lie/ignore investors. They only want your money.
I find it interesting that they never talk about revenue. I'm sure they're burning through their cash, to pay for all of the exorbitant salaries and expense accounts..They also don't return emails.
This LDS/COOL company started 6 years ago, and it's trading at an all time low! How would anyone buy such shares in such a pathetic company?
I don't know how the CSE allows this investor abuse.