The ASG details you reported earlier are no long applicable. The merger failed. HWAL really has nothing left but their music library which generates no revenue and essentially means it is not worth anything close to the value they carry it at on their balance sheet. And management has not put out any news of substance in months.
These technical runs have occurred several times over the last few months. But they have always ended up fading because there is nothing to support all the buying. There is no uplisting coming. There is nothing of value here to justify it.
If you are trading relatively small size, you can make a few bucks in this stock with these intermittent technical runs. But don't expect anything more because there is simply no substance here. Owning this stock is no different than owning a lottery ticket except that the lottery ticket would have a lot more potential upside.
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