Article

2021-06-03 -Signs, Portents, and the Weather-

On a roll! High school principal-owned New Jersey deli with $112M valuation despite making just $22k in revenue is revealed to be Wolf of Wall St-style shell company after baffling stock market for months

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Posted by Skidmark 2021-06-03 08:19|| || Front Page|| [3 views ] Top

#1 Fuggedda 'bout it!

Posted by Warthog 2021-06-03 11:29|| 2021-06-03 11:29|| Front Page Top

#2 Reading the article, it sounds like this is on the edge of legal — having attracted the SEC’s attention from the beginning.

Skidmark, did you put this under Signs, Portents, and the Weather because the Hong Kong connection suggests the thin edge of the Communist Chinese wedge?

Posted by trailing wife 2021-06-03 13:00|| 2021-06-03 13:00|| Front Page Top

#3 Yes, a portent of further market manipulation.

Posted by Skidmark 2021-06-03 13:35|| 2021-06-03 13:35|| Front Page Top

#4 You make a rule. Someone finds a way around it. You plug that loophole. Someone finds another. You eventually wind up with so many rules nobody knows them all and they can be twisted like spaghetti by sharpers.

Posted by M. Murcek 2021-06-03 15:26|| 2021-06-03 15:26|| Front Page Top

#5 ^ Until you make the prospect of getting caught itself a nightmare, all you get is a bloated system of checks and balances.

Posted by Dron66046 2021-06-03 15:39|| 2021-06-03 15:39|| Front Page Top

#6 You eventually wind up with so many rules nobody knows them all and they can be twisted like spaghetti by sharpers.

You ought to teach Organizational Behaviour classes somewhere. This is precisely why large corporations tend to stall out at some point.

Posted by Raj 2021-06-03 18:13|| 2021-06-03 18:13|| Front Page Top

#7 SPACs are scams. Blank-check BS redux... all designed to skirt the laws re disclosures and Safe Harbor

The SEC's new chief and Congress are going to crack down on them soon, but millions of people been defrauded already. What a sick, sad, foreseeable spectacle.

Part of what the great Wall Street short seller Jim Chanos calls "the Golden Age of Fraud"

Posted by Woozle Smiter of the Ostrogoths9972 2021-06-03 22:19|| 2021-06-03 22:19|| Front Page Top

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