What happened here is dilution! Dilution, dilution and dilution.
Then more dilution!
6 billion authorized shares and 5 billion outstanding shares means dilution. 328 million shares traded with a price drop means dilution.
I think, those that can ride out all this dilution will be rewarded, in the end. But, we also need to keep the possibility of a reverse-split in mind! After last week's update, I feel good about the company, but these are serious issues. Can you afford the risk? You decide, everyone.
Then more dilution!
6 billion authorized shares and 5 billion outstanding shares means dilution. 328 million shares traded with a price drop means dilution.
I think, those that can ride out all this dilution will be rewarded, in the end. But, we also need to keep the possibility of a reverse-split in mind! After last week's update, I feel good about the company, but these are serious issues. Can you afford the risk? You decide, everyone.