I looked at the latest two prospectus announcements. On the 24th, there was a plan to allocate $500 million in zero-interest convertible bonds with a one-year conversion price of $20. This condition is likely to be ignored by everyone, as it was just an announcement for show, and it was not actually completed. The latest prospectus announcement on Thursday indicated that 5.95 million shares of common stock were actually sold at a price of $8.50, along with a bonus of a $10 exercise price for a private placement option (valid for 5 years). It can be said that the company believes its stock price will not exceed $10 too much in the next five years. The completed $50 million private placement is likely to be taken over by its affiliated company. In any case, it’s a series of actions to trick the fools in the crypto circle into buying the stock.

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