Thursday, February 15, 2024 6:11:34 PM
So... here's the deal... here's what the scammers said was happening...:
The specific company they say that merged is JFH Digital E-Commerce Corp., and if you google that company, what you'll see is a bunch of hits to social media pumping this ticker, nothing more. Imagine a multi-billion dollar enterprise over in China not having google hits.... but that's what scammers do, put up something for the pumpers to run with, similar to something else, so the pumpers can "connect dots" and run with it. Here they even tossed the names of Chinese people on the state records, something that is easy for them to do and doesn't mean jack.
In addition to that mention in the financial statement, an additional 1.6B shares were added to the OS, no accounting for those shares until the annual report is issued in 6 more weeks, 8 if they extend.
Now, let's just add in the logical leap you have to make in order to believe this fairy tale. The shareholders of this shell, the ones that own the 4B shares issued and outstanding, own it. The folks who invested in the development and growth of the Chinese company purportedly worth billions own it, 100% collectively. If they do this BS reverse merger into the shell owned by the shareholders of the 4B shares, guess what, they've turned over the ownership of their thriving, multi-billion dollar company to those shareholders. That's what the scammers and the pumpers want the newbs to believe is happening, just buy stock here and you'll be gifted ownership share of a thriving company. That would be a very stupid thing for any legitimate business to do, especially one that hasn't said they have any desire to do so. A multi-billion dollar company isn't going to "go public" by inhabiting a scammy stinky pink shell.
Here's from "The China Hustle" wiki, a documentary on the scams run on exchanges over a decade ago, now moved to the OTC.
So, again with the paraphrase "can you prove the lying scarmmers aren't telling the truth....?" Don't really have to.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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