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Originally Posted by Hog's Gone Fishin
I'm wanting to know how the price could be in the mega millions ???
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My hunch is that they do reverse stock splits and then people see that the stock is a buck or two and buy it because it seems cheap, and then they reverse split again and the process repeats. It looks more like a psychological trick on penny stock investors than anything else.
This web site doesn't think much of them:
https://seekingalpha.com/article/434...r-u-s-exchange
It looks like they just do massive stock issues frequently to get people to buy in, even though it's not creating value. It dilutes existing stock holdings and then they reverse-split back to some level of capitalization and everyone who bought stock loses most of their value through dilution:
https://www.fool.com/investing/2020/...s-are-buy.aspx