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I shorted this Nasdaq-listed fraud: https://www.sec.gov/litigation/litreleases/2020/lr24706.htm https://www.sec.gov/litigation/litreleases/2020/lr24706.htm. It
by zone411 4y ago
I shorted this Nasdaq-listed fraud: https://www.sec.gov/litigation/litreleases/2020/lr24706.htm https://www.sec.gov/litigation/litreleases/2020/lr24706.htm. It was a wild story that included a 2000% price increase after they bought a blockchain company, Russell 2000 inclusion and reversal, a CEO who is "a true believer in disruptive technologies and believes that every piece of information is worth millions [and] in the alchemy of structured trade finance," CNBC appearances, a picture of their U.S. operations consisting of three empty desks, and a long trading halt.
https://www.cnbc.com/2018/04/04/controversial-crypto-stock-longfin-surges-then-halted-after-its-announced-ceo-to-appear-on-cnbcs-fast-money.html https://www.cnbc.com/2018/04/04/controversial-crypto-stock-l...
https://www.wsj.com/articles/longfin-collapse-puts-focus-on-lax-ipo-rules-1522788520 https://www.wsj.com/articles/longfin-collapse-puts-focus-on-...