About six years ago I was involved with a Penny Stock scam. The symbol was 'JAWS'. We, like today, were wondering where all the shares were coming from, and of course it was supposed to be the short squeeze of the century. It turned out the CEO was selling a bunch of shares out the back door and of course using the proceeds to buy a fancy house, etc. That's why I'm a little nervous now. Even before the stock broke down there was mounting evidence that the CEO was a little shaddy. But I was in love with the stock and of course blind!
A big difference is that Sulja doesn't seem to have that kind baggage, and he has a legit business. No basher has even said anything about his credibility? But this is pink land and anything can happen. One thing about JAWS is that the audit seemed to take forever and they kept replacing the auditors with new ones.
Does anybody remember JAWS? I cringe when anybody mentions short squeeze! I just hope the audit produces real numbers and the verifies the share structure. The fundamentals will propel us..short squeezes are like waiting for the Great Pumpkin.