I hope some DID listened....And didn't FOMO in and get caught or swept up in this obvious Ponzi play. I tired warning folks THIS was coming, and hopefully most who are invested, are just day trading this garbage with VERY strict stop losses. Anything else would be foolish to do here, esepcially those looking a for a stable, proftiable long term investment.
The valauations on this company is as riduclous as how it was treated or supervised by the Canadian regulatory bodies such as the OSC. Which was more or less zero, nada.....absolutely absent. Where's the oversight here? This was such a clown show and so ridiculous, that it was halted for a mind numbing, eye popping total of 20 times over the last few days! What a total joke! And the principale losers in such a case are usually the dumb & ignorant retail investors. Hopefully not too many of you fell into this group.
I'm not sure what's going on behind the scenes here, with the company and possible communication with the governing market bodies, but the fact they haven't closed that absolutely ridiculous (yes i know another use of the word REDiculous, which seems to be a recurring theme here) Private placement deal just yet seems to be very telling. So something is up on that end. And i can't imagine what "could" possiblly happen or how bad things could get here, if that PP is approved and the millions of shares that will get dumped on the market asap by those insiders. So yes folks, this STILL has waysss to drop here.....
The fact this was a higher market cap than Beam Global or Workhorse & even Hylon now, is in itself.......wait for it..... REDICULOUS as well.
GLTA