What happens is that when there's bad, or not so good, news, some posters here write that it's a sort of Deep State conspiracy, the Market Makers, distorting the share price to their own benefit.

The reality is, more likely, that the investing community sees a stock with a top-heavy amount of issued shares, that hasn't yet turned a profit, with timing of upcoming revenues uncertain, and isn't much interested.

However you spin this, however the extra shares are used, whether buying another company or a reverse merger of some sort, the value of your holdings will most likely be decreased, at least for the short term. It's a little irksome that Mr Kay seems to be a bit put out by having to explain the whole thing.