Post by
Redwine12345 on Aug 21, 2024 2:24pm
Re consolidation
Now after 2 years they went through 2 consolidations. 10:1 and 75:1. Technically it is 750:1. I have never seen such a drastic consolitation for penny stock. Now with over 1m shares outstanding (owned by few insider clowns), they can start issuing new shares to insiders to pay salaries and dumping it on the market.
Today is the 1st day this stock is trading after consolidation. Before consolidation, it was sold, I should say, they were trying to sell it at 1/2 cent with no bidders. Technically, they should be asking 0.375 today, which they did. And no takers... They lower the asking price to .34 cents. Finally, few shares (i.e., 20, 6, 26) were traded today at 16 cents. WOW that is more than 50% drop in value. This drop was only possible due to consolidation.
WHAT a SHAME