$Faraday Future Intelligent Electric Inc. (FFIE.US)$ Can sto...
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ Can stocks continue to merge together? Has this rubbish stock merged tens of thousands of shares and still has a market cap of over 40 million?
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暗战 2021 : It is unclear why many modern fraudulent stocks can collude with the securities exchange to endlessly print stocks in the stock market and sell them for money, issuing new shares without the shareholders' participation. The market cap of a company is determined based on asset valuation when the stocks are first issued. Any further stock issuance should be proportionally distributed to all shareholders, but many listed companies no longer follow this practice. They consume all the shareholders' equity while continuing to sell at high prices, printing more stocks after selling out, issuing new shares at low prices, consolidating stocks, selling, issuing new shares again... This means the company has unlimited market cap and an unlimited number of stocks for selling and defrauding shareholders!
72740946 暗战 2021 : A year ago, this stock had a capital of 0.3 billion shares, but in less than a year, it increased to 1.3 billion shares through additional issuance, actually issuing 1 billion shares in less than a year. What a terrifying number. Now it is still following this gaming rule, continuously printing these worthless stocks. Many people think it is at a low stock price now and continue to buy like fools. This stock has experienced two historical lows of 0.148 and 0.04. It is never too late to stay away from this garbage.