@Ohitskaykay_St None of this is worth a fuck unless they do discovery. If they don't do discovery, it's a scam. 1. Take a large short position. 2. GNS files suit. 3. GNS dilutes more from volume. 4. Shorts + GNS hammer price. 5. Settle out of court for 10% of profits.
@HustleManMilly That's what I'm thinking as well. I figure with those convertible shares they want to just tank the price so they can convert at a cheaper rate.
The company looks okay on paper but I've been watching it a while and it seems like a scummy-ass dilution scam.
@HustleManMilly What do you think? This one has been on my radar for a while. Swear to god, even though it's illegal, the executives short-sell this stock.
@thatgirltrader We need some people to get together and start a site or some shit with resources for these scummy CEO's that people can just check, and be like "oh, this is the game this stock is playing" so they can just avoid it entirely.
Keeping liquidity away would fuck big finance.
@vanlar77@capybaraReborn Exactly. He seems to be working in coordination with these companies to pump the stocks. If you look, every stock he pumps has a bunch of debt ready to be converted, without exception. Then they tank. If he was actually buying these and holding he would have lost everything.
@capybaraReborn Sure. I'd be happy to point out your slight of hand. There are $10M in series B convertible stock with an adjustable conversion rate that holders need liquidity, and possibly a better price to convert. So they need liquidity to sell these shares. So what, 25M shares minimum?
@capybaraReborn Oh well, my warning is here for anyone that cares to look. Seems US investment banks won't fuck with you anymore, had to move to the Chinese ones.
@capybaraReborn The absolute maximum these shares would have been converted at would have given at least 20M shares. I've been watching this stock. The insider shares are why the float increased ... I'm not a fool.
@InfoUld@capybaraReborn He's a one-trick pony lol. Oh well, he is making bank working with these companies and it's not like the SEC is going to ban him from exchanges.