from stocklemon.com
Has anyone ever heard of the Patriot Act, let alone Securities disclosure laws? So we have secret Middle-Eastern investors organizing a company to put up spy satellites, using the public trading facilities of the Nasdaq to raise money from the public? $70 million in investments from S-8 offshore stock sales propping up a company with a purported $400 million market cap, sloshing through tax havens in the Marshall Islands, the Isle of Man, and Swiss Bank accounts, courtesy of the NASDAQ? Is this even remotely OK ? Fortunately, Citron believes the risk of real security satellites ever being launched by this company is low, but this stock is just as dangerous to any investor who buys into the story.
Cautious investing to all.
There is no substitute for conducting your own research
