Jun. 18 at 7:19 PM
$QMMM Here comes the end game - delisting. Will this scam appeal to delay the inevitable? If so, that'd be a sure thing to throw away their personal money they stole from retail investors.
Fake biz, tiny rev, big losses, empty office, vanished management. Insane pump from offering price
$0.2 for 40M shares to dump on the most gullible/greedy retail at 3 digit prices. Then got busted and suspended (at 6.8B valuation). Can't file required financials (annual report), directors resigned incl. audit committee chair, 2 auditors resigned in 6 months without signing any financials, class action in process.
Not sure where they'll land after delisting as they don't even have updated financials. 119.4 to 0.2 to 0.01 to ~0 appears to be a plausible path for the SP. Those cross-boarder thieves must be living great lives with the stolen fortune.
From now on, a lot more P&D scams will be fast-tracked for delisting per the new rule in place. Finally Nasdaq/SEC did something right.
