The article is interesting nonetheless.
The head-scratcher is why Nasdaq ever allowed as many dodgy listings as it did.
That's easy. They're the people who listed Jay Knabb's Pegasus Wireless and let him do a big fat IPO. The people who were presumably assigned to vet the company clearly didn't do even a simple Google search, or they'd have known Jay was a crook, and Pegasus was a scam. Call me cynical, but I suspect not much has changed.
And yes, all 5 of the recently suspended stocks are connected. No doubt.
It seems the owners' MO is to do the IPO with the issuers claiming to be in a variety of businesses. And then once they're trading, they make a sudden switch to AI. Not very subtle.
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