Re: Pinksheets and Reverse Mergers
Maybe I was out of line asking for free advice, but anyway I read their most recent annual report.
It's so low because they have 2 billion outstanding shares. Another part says there are 200 billion shares issued and outstanding and that the two producers own 0.01% of the company?
They're paying them each up to a 1/3rd of the producer fees earned by the company per year ($1.4M for them last year).
I guess they are intending to raise the value by buying back shares, but all this sounds extremely shady and honestly I don't understand what they're doing here.
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