Aug. 17 at 4:24 PM
$WETO A 1-for-100 reverse split took effect August 3, cutting the float to roughly 820,000 shares so modest buying produces outsized moves, and volume has run around 15 million shares against a typical daily average under 100,000. On August 12 the company disclosed a
$1.8M Regulation S placement 2,000,000 shares at
$0.90 to seven offshore investors, with chairman Zheng Jiahua contributing
$450,000, expected to close around August 27, payable in fiat or cryptocurrency. Note the arithmetic there: 2 million new shares issued at
$0.90 against an 820,000-share float trading near
$19.
$DDD $HTZ $KOS
