Aug. 23 at 10:09 PM
$WETO did a 100:1 reverse split on Aug 3 that took share count down to 1,077,834. And now they are voting tomorrow for another 100:1 reverse split. 107,783 outstanding shares at
$2,600 post split price based on Fridays close. And after that they want to issue additional
$2TRILLION in new shares??? Who is going to buy those new shares? I wouldn’t be surprised if they are shorted down to under
$100 before the end of September.
What am I missing???