Investing noob here.
TOPS stock (TOP Ships Inc) on the NASDAQ is currently trading at $0.11 per share but it used to be billions per share.
Did they continuously raise so much capital that investors kept getting diluted? Is this a result of stock splitting? I really cannot fathom that stock's early valuation.
Could such a monumental plunge happen to current high value stocks such as Amazon, Tesla, or BRK.A?