MULN had multiple reverse splits that were only months apart.
SMX has multiple reverse splits that are only months apart.
I am really confused about what is happening with these commodities and would venture that it would be a fairly easy way to launder large sums of cash that appear legitimate, but are not really.
Example: Some nefarious entity needs to collect a massive payment. They is a fake corp to provide shares. The payer then buys the shares, completing their part of the deal. The shares fall to "worthless" and the fake corp reverse splits them 1:100 or greater erasing massive ownership. At that point, there is no recourse to payback the shares and the deal is done on both ends. On to the next laundering of funds.
Is this plausible, or not?