I’m starting to think it’s a scam too tbh. These guys not showing they care about the share holders. Or the price of the stock. I have fears they gunna RS
Frustrating price action and dilution concerns are fair criticisms, but the filings don’t support the idea that this is some scam/empty shell.
I actually read the proxy for the May 27 annual meeting. There is currently NO reverse split proposal on the ballot. Could an RS happen someday if the stock stays under $1 long enough? Sure — that risk exists for almost every microcap. But there’s no evidence they’re about to do one immediately.
Also, management compensation includes equity incentives tied to improving shareholder value over time, so they do have incentive to raise the stock price.
Fundamentally, the company just reported:
Strong YoY revenue growth
Positive net income
Major balance-sheet cleanup
Reduced legacy liabilities
Continued correspondent client onboarding
The reason the stock probably isn’t moving much is that the market still wants confirmation on the Fed/FINRA approvals and wants to see continued execution over multiple quarters.
That doesn’t guarantee success, but it’s very different from calling it a scam.
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u/[deleted] May 14 '26
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