Yes the reason I believe that the R/S is real, is I went through this whole rollercoaster of emotions with QUTR/BRRN and chose poorly IMO
1) SEC filings led us to believe Swiss Billionaire Investment Firm was merging in. This eventually played out and we were correct.
2) NVSOS filings for name change to Born Inc and 1:1000 R/S
3) Many people posted shady looking screenshots, I myself picked them apart and said they seem like bullshit. Narrator: They weren't
4) R/S showed up in FINRA, and people bailed plummeting my investment to 50% of it's previous value
5) I thought hey Swiss Billionaires who were early on PLUG and made a fortune, maybe it's worth holding on because the value is the same just less upside.
6) Held through split and ended up with 400 shares and got charged a fee by TDA to reverse split the shares (which is bullshit if you ask me, but TDA don't give a damn)
7) Shares actually went up and I could have exited at a wash, but I thought hey look at me I was smart and didn't get shook out.
8 ) Nothing followed the rise, no PRs, no filings, silence. and it bleddddddd out back down to 40% of my original value.
9 ) I decided to hold until something happened, which took 4 or 5 months where it bled some more, but popped up a little on an 8k so I thought maybe finally I'd get back around to making some money.
10 ) The 8k was to say that the company was a fashion app for rich people to buy rich people fashion stuff. Not what I signed up for
I sold at 40% value, it's now 4x less than that. This may be completely different, but more and more this looks like the Lazar playbook. For XMET I thought that the Share Reduction Theory (which still seems right to me) might shelter it, but nope we've been through steps #1 - 3 so far exactly the same. It cost me about $50k - $70k in additional potential profits to find out if this would be different. I think I can accept that risk when the reward might have been magnitudes more, and I'm still walking away with $50k and a 1M share insurance plan if I'm just dead wrong. Going to start my ROTH IRA project with that and pay off the house...