You've probably already read the post on the DD board, and the writer doesn't address other problem similarities between common otc pinkies and listed junk SPACs and such, but the last statement in that article was food for thought.
Perhaps this is only a temporary anomaly without far-reaching effects. But there is also the risk that it is a harbinger of a new means of fleecing credulous investors. Against deliberate fraud and misconduct, regulators have an arsenal of weaponry. But against willful self-delusion and disregard of market realities, they stand powerless.
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