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TL;DR (DontRead) Some con artist gets expelled from US after spending 6 years in prison for investment fraud. Tries new pump and dump gig from Mexico called Ne
by singularity2001 10y ago
TL;DR (DontRead)
Some con artist gets expelled from US after spending 6 years in prison for investment fraud.
Tries new pump and dump gig from Mexico called NeuroMama, deliberately hilariously crazy stupid.
Issues some 650M shares, sells 200 for 50$, probably to himself, gets stopped by SEC. Holds the remaining 650M-200 shares, that's where the trillion dollar figure comes from.
Time to stop calling virtual shares 'market cap' or even 'worth'!
That's pretty old and boring, the 'new' attempted twist is called short squeeze, see and thank @thegranderson for explanation.
Shun the Neuromama meme.
This gives a whole new dimension to the word 'pump and dump con artist':
https://www.youtube.com/watch?v=A1rbxisJGJ4 https://www.youtube.com/watch?v=A1rbxisJGJ4