Very sad to see this on here from a long investor,
Post# of 32308
By your logic, why didn't the last couple RS's make it harder to short with less shares?
Because the amount of outstanding shares is irrelevant in today's market. They create 'infinite liquidity' and will sell shares into the market well in excess of the number that actually exist, which has a dilutive effect on price. And most importantly, they don't buy the shares back, because why would they when regulators don't enforce the laws? So real price discovery based on supply and demand is totally gone.
And most financial institutions do not care about innovation, new technology, etc. They care about making the most money possible, by any means necessary. And they way they do that today is by strangling companies like Verb to death, through toxic financing (which Verb has finally broken awayfrom), naked shorting (which Verb cannot directly stop) and reverse split cycles (which I truly hope Verb does not get forced into again)
If the RS happens- Unless there is news immediately after on the level of Tiktok US and Verb "merging' at some type of subsidiary level, to add untouchable value to our market cap, it will be shorted right back down to being a penny stock.
Just like every other reverse split.
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