🔴 Globavend is trading 28% down today on dilution fears and a pivot to AI micro-dramas

Globavend is trading at $1.13 (28% down) today following a multi-day selloff driven by a new resale prospectus and a surprise expansion into AI-produced micro-dramas.

• The company filed a prospectus to resell up to 6 million shares, sparking investor concerns over significant potential equity dilution.
• A new distribution deal with DramaBox has shifted the company’s profile away from its core logistics business toward the speculative digital entertainment sector.