VRNG should be reported to SEC
Here is what they are trying to do
They are lending shares to 4.35 investors so they can recover losses by shorting the stock. why do you think this is RED everyday whether market up or down because more shares get shorted, every uptick gets shorted by these hedge funds who went for GOOG settlement and then realized nothing happened, so they recover losses by shorting and company is lending them as many shares as they want. Eventually they will cover this huge short position at 30-40 cents as 100 million investor. This is blatant scam. I am shocked you guys are not realizing what is going here, most other stocks recover when market rallies. This one is NOT and you know why !. This company is brutal scam and they are all out after your money
This is doing exact PPHM I had warned few weeks ago. This company is doing all illegal things behind the door that is why the stock is dropping like a rock everyday. Don't blame it that the stock is dropping because settlement did not happen. This stock was pumped by hedge funds to 5.7 and now they are shorting back all the way to 50-60 cents, that is where they will announce second round of investment. The company has made decent money 40 million through all these pumps created by these funds who are essentially shorting the stock now, they coverend their short at 4.35 and then sold all those shares back at 5-5.5 on next pump and now they are shorting all along, this is why the stock keeps tanking. They cover their short as another 100 millions investment at 50-60 cents while they would have made 300-400 millions shorting it all the way to 40-50 cents.
This is what happened with PPHM and VRNG doing exact thing I reported few days ago when everyone was bashing. If I were you report this FRAUD to SEC, don't blame it on settlement did not happen. VRNG does not want settlement now because they know amount is small. However they can make decent money for their hedge fund buddies and themselves through dilution. Insiders ahve dumped huge number of shares ro they are already out with FAT money. The hedge funds make massive amount on shorting 300-400 million and lend 100 money to VRNG when this sinks back to 40-50 cents. VRNG is happy and hedge funds walk away with 300-400 million in pocket + next pump for VRNG on some bogus news, they dump all those shares
This market is rigged, sadly most don't know what is going on behind those closed doors, small guy is always victim here, eventually you resign to fate, but there are some seriously ugly things going on here and I believe you guys should report this company yo SEC. I have seen this scam happening in several biotech stocks
AI
