Post by
ecabrera333 on Nov 12, 2024 12:09am
A Well Known Scheme!
As I mentioned in my June 3, 2024 post, Milton C. Ault’s plan is straightforward. I stated that he would “execute a reverse stock split: one month after the shareholder meeting, with a one-for-thirty-five ratio.” right after announcing special dividends. I was off by four months, but the core of my post remains valid.
Today, he officially announced the reverse split, as predicted, following the announcement of a special dividend. His scheme is now well-known by now: he expects potential investors to effectively give up their hard-earned money for nothing.
Don’t forget to consider shorting the stock.