Wow had to login and reply to this. I was going to post the exact same comment. Been around 14 years, I have never seen this (and I have seen a lot, I MEAN A LOT) . It moved like after a gap down on bad news or the Classic pump and dump. However, this news should mostly cancel what dropped it from $1,80. I really don't know what to think of this. Well, actually I do..nothing.
I got filled with a GTC and said oh well when I saw it . But later flipped right back in at 4:00. I am more confident than I was yesterday :) and had a nice payday.
Can someone explain how record volume is happening. 500k shares in 30min is 20% of remaining shares right (almost 2M pre-split)? before split volume = 15k (300k adjusted 20-1). Volume is 10-20x and nothing happened. More so..no one has selling so where did all the sellers come from?
It's called SCAMMING. All volume is fake with a nice morning spike to get your attention. They can do it because no one is selling at that ridiculous price. Newbies come along and get hit on the bid all day. Then at the end of the week they announce dilution at 1.20$..just watch.
Convince me otherwise, I owned 0.6%. I could make it above 50%. All I see here is a cash cow for management. They will RS and issue shares until they hit the celling again. Lowering share count is smoke and mirrors. Dilution to the infinite. Why bother. Sell assets and pay shareholders crooks.