Makerbok merger was one of the worst decisions ever, and Brooklyn NY? You have to be kidding. There were probably tax advantages, but you have to have income for that to be useful. Hundreds of millions in write downs, and a raft of directors and officers came with it that add to the expense side. Seven of the nine board members looking to be reinstated brought this about (two independent candidates appear not to have played a role). No accountability for insiders. Send a message, seven ""no" votes..
Go back a few years and you will see there were about a dozen frequent posters pumping this stock like mad,
then suddenly they all dried up and went away because they said they did not want to hear the doubters, but in reality it was just a couple of people with multi aliases. The whole thing has been a scam, and to answer your question, this ended a long time ago. So figure out whether to sell it and take the tax credit, or keep it and try to document that it is worthless. JMO.
1.1B shares. Does anyone doubt there will be an oversized reverse split? For those not protected from dilution (everybody here) it will race back down to pennies, a short bonanza. And oh, that $.25 floor some people imagine? What is the weighted average price he will pay for the shares (8 cents, 15 cents then 25 cents) and he does not have to buy from us and push the price up........we are providing his new shares through dilution.
This is not a great deal for outsiders.
It seems to me this is a one trick pony, one false step and its over. That is okay, but the musical chairs at the top says a lot. There is a management and BoD issue, and therefore as a publicly held company, reasonable doubt about who is looking after shareholder value. Outside shareholder value. Need to rethink risk/reward.
If it is not at absolute minimum 20/1 mid term, time to bail.