$21M market cap company sells its only revenue-generating business for $39M, then announces a $50M convertible from an unnamed "institutional investor" to become a GPU cloud provider with zero disclosed contracts, zero named AI hires, and zero infrastructure. Long Blockchain Corp walked so NewBird AI could fly. That convertible needs shareholder approval at a May 18 special meeting, and if it converts, it's a dilution cannon pointed directly at anyone who bought the 600% rip on nothing but a press release and a name change.

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