Bright Green Corp (BGXX)

[Scumbag Fraudsters]

Heavily shorted for a reason, IMO.

The fact that they're pre-revenue is largely responsible for the stock's lousy performance. No telling when they'll earn their first dollar.

Mgmt. may blame them, but bear shorts alone aren't the cause of the downturn.

Nor are the Dems, inflation, global warming or the Russkies.

Same happened with Akanda's IPO in March - opened @ $4, soared to $31, and now under a buck.

June 10, 2022

Bright Green stock hits new low, down 68% from direct listing reference price

Cannabis cultivator Bright Green (BGXX), which went public through a direct listing in May, saw its stock hit a 52-week low on Friday, with shares trading 68% below their reference price.

BGXX shares have been highly volatile since the company went public on May 17. The shares finished their debut session at $25.25, up 216% from their reference price of $8 per share. The stock reached a 52-week high of $58 per share on May 18.