MMTec: Now We've Even Seen A 100% Revenue Drop

MMTec, Inc. reported a 100% drop in sales, with revenues falling from $807.5k to zero year-over-year. MTC's market cap exceeds $300 million despite having under $13 million in common equity and no revenue, raising major red flags. Massive dilution occurred, with shares outstanding rising from 25.19 million to 99.59 million, and further dilution is likely.