TBEV is a good example of this. 5 billion authorized shares. First a 1 for 10 RS in Feb. 2015, then a 1 for 100 RS in Feb. 2016. Now trading at $0.002 to $0.003 after all that. And they still have a lot of convertible debt, most of it in default. Of course they are current in their SEC filings. Not that it's done the shareholders much good.
HJOE could have done the same to us and wiped out their remaing convertible debt at our expense but they didn't. Most companies in this space would have done exactly as TBEV did. Why didn't HJOE?
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