Where's all the money going when the market tanks like this? Hint.....it's not coming to us.
They control everything. The can stop insiders from selling etc.It is probably the most stable market on the planet simply because of this. Their government actual can reign in 'Wall Street".
After they take everyone's money they push the price sky high and make a killing the other way. If there is any buying demand now shares are extremely scarce and it could run quite a ways. No one knows ... just throwing a possibility out there.
Like others have mentioned, has this ever worked in helping a company turn things around? Hell no! How could it? After the split here, how in the world can there be any shares left to sell by now?
They make $1 profit if they sell short at $2 and buy to cover at $1. Unlike you who makes the profit buying it at $1 and selling it at $2.
This company just can't seem to get it right.....lol. How can Wall Street allow this type of scam? Oh, because Wall Street is a scam that's right.
To regain compliance with a minimum price requirement all you have to do is a reverse split. They're good with that??? If it was legitimate and looking out for the investors best interest this wouldn't even be an option. A reverse split in and of itself is a joke and they shouldn't even be permitted. They serve absolutely no purpose at all.
This is why no one should invest in individual stocks. The Street encourages this stuff to rob you of your money.
They announce after a reverse split that they now meet Nasdaq requirements. Seriously?? Big &^*%ing deal! They are splitting just to take your money. We now sit at $.026 cents prior to the split. It has lost 50%+ of its value sense the split. This company doesn't even exist.
Getting in at this price will be tough now. Everyone has been shaken out over the last few months. I'm hoping it pulls back to $.07 or $.08 to get in but it's not looking good now.