Truth is...stock is down 95% since Jan-2021 and
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Posted On: 08/28/2022 4:01:39 PM
Truth is...stock is down 95% since Jan-2021
and 50% over the past year.
It doesn't take a rocket scientist to understand why.
2021 10-K explains only a few hundred shareholders. Most of the shares owned are from tens of millions of shares handed out for unpaid convertible notes from 2018-2021.
Stock suffered serious dilution in 2019 and 2020 due to convertible notes. (see 2019 & 2020 10-Ks)
Company just lost most of its revenue (see Q2 10-Q filing) with the loss of the ri bus shelter advertising contract.
Reverse split hanging over shareholders' heads...filed by one person who controls all of voting power. (see DEF 14C filing)
Preferred series shareholders don't get affected by a reverse split (see DEF 14C filing). Think about it? Possible 100:1 to 1000:1 split while shares amongst preferred series shareholders keep all of their current shares at a ridiculous initial low price per share.
my opinions only
imho
cheers
and 50% over the past year.
It doesn't take a rocket scientist to understand why.
2021 10-K explains only a few hundred shareholders. Most of the shares owned are from tens of millions of shares handed out for unpaid convertible notes from 2018-2021.
Stock suffered serious dilution in 2019 and 2020 due to convertible notes. (see 2019 & 2020 10-Ks)
Company just lost most of its revenue (see Q2 10-Q filing) with the loss of the ri bus shelter advertising contract.
Reverse split hanging over shareholders' heads...filed by one person who controls all of voting power. (see DEF 14C filing)
Preferred series shareholders don't get affected by a reverse split (see DEF 14C filing). Think about it? Possible 100:1 to 1000:1 split while shares amongst preferred series shareholders keep all of their current shares at a ridiculous initial low price per share.
my opinions only
imho
cheers
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