Calissio Resources Group Inc. (OTCMKTS:CRGP)’s Crash Intensifies

Calissio Resources Group Inc. (OTCMKTS:CRGP) lost another 17.39% yesterday, as more and more investors abandoned it.

A month and a half ago, CRGP was completely illiquid, barely managing to achieve daily volumes of more than a couple of thousand dollars. What finally got the ticker going was the announcement that the company is finally doing something about its horrible share structure.

The aforementioned share structure is certainly not CRGP‘s only problem, but is by far one of the biggest ones. Why?

Simply put, the company has made some pretty suspicious moves in the last couple of years. Suffice it to say that CRGP‘s outstanding share count was so bloated as to make the stock untradeable, forcing the its management team to perform a 1-for-200 reverse split. Said split left the company with approximately 3 million shares outstanding on October 6, 2014.

The issuance of shares didn’t cease after the split, however. This is why a couple of days ago, after retiring 77 million shares, CRGP was left with about 243 MILLION shares of common stock outstanding. Simple math shows that that’s a dilution of 8000%, most of which happened while the company was on the receiving end of one paid pump campaign or another.

There are of course other red flags where those came from. For instance, the company has been neglecting its responsibility to file financial reports on time, and as a result it is currently next to impossible to discern its actual state.

This being the case, is it really any wonder that CRGP is falling as hard as it is?