Post by icemandios on Oct 19, 2018 13:31:05 GMT
This company has made a big splash among the seemingly gullible. They acquired an ornately cut sapphire (holy mackerel, Sapphire) of huge proportions which they say was assessed at $90M for $50M in restricted stock priced at 2.00. They have 2.11M shares O/S and 25M of restricted stock.
They are selling off their legacy business, discharging their entire staff, moving from some obscure location in China to NY, and going into ............ show business.
And the market responds with:
Global Bubble Update: Obscure Chinese Company Soars By Half A Billion After Buying $50 Million Sapphire
Mundus vult decipi, ergo decipiatur.
