Only good for the insiders though....lol. The average OTC penny stock trader didn't pay attention because it started so high but this was a monumental pump for sure. Who was buying and why they didn't conduct any due diligence I have no idea, this was obviously going to end very, very badly.....and it did.
Only lasted 7 days before it got the CE....but those 7 days were insane....look at the dollar volume.
10/2- $8,792,813
10/8- $6,988,404
10/1- $6,863,127
10/3- $5,483,732
10/7- $3,028,533
10/4- $2,538,044
9/30- $865,179
Compare that to the 7 highest dollar volume days of the $250K dollar INSD promo suspended in 2021, makes it look like nothing.
2021-11-08--$2,532,050
2021-10-28--$1,222,038
2021-11-04--$912,119
2021-11-12--$888,335
2021-11-09--$840,240
2021-11-05--$835,542
2021-11-16--$767,628
The SEC almost has to investigate this, as it could usher in a whole new era of Chinese reverse merger scams. Even if they spent a million dollars on the shell and pump, they still came out on top given how slow OTC Markets reacted. There was really no excuse for OTCM to be so slow, even Stevie Wonder could have seen it was a promotion.