If it is a scam to unload shares then let SEC do their job and nab them. Should be easy to spot who front loaded and track who put out the 8Ks.
The simple fact that the SEC didn’t do crap until the 5th PR and weeks after the 8ks and let retail get trapped, then only jumped in when a short squeeze was about to get triggered makes it look suspect.
If I can scan all PRs before market open, then they should have caught this weeks or months ago when news first started rolling out. But as usual they don’t do shit until retail is in heavy.
I also think this was legit but this guy Adeel may not have been as experienced and made some rookie mistakes.
If this is a scam, I’ll gladly be all for the nabbing the crooks. I can’t stand pathetic people who put out fake PRS. I can list atleast seceral other tickers were fake PRs came out and sEC didn’t do crap. Yet they only step in when MMs are gonna get squeezed.
Where was the SEc last year when fake PRs came out on ARVY, IALS, IHGP, BLPS and BRNE. Month after month some con was putting out fake PRs and they didn’t do a thing and let retail repeatedly get conned by this crap. Yet if MMs were trapped in any of those they would have come to their rescue, yet when retail gets beat up from these con jobs they turn a blind eye.
