Neuromama - Yo mama!

Discussion in 'Stocks' started by nitro, Aug 16, 2016.

  1. nitro

    nitro

    A $35 Billion Stock, an SEC Halt and Suspicions of Manipulation

    Neuromama Ltd. might be the most prominent example, but it’s unlikely to be the only one.

    On Monday, the Securities and Exchange Commission halted its shares, which trade on over-the-counter markets in the U.S., over “potentially manipulative transactions” and concerns about the “identity of the persons in control.”

    There were red flags over the years. But Neuromama, which has ambitions to license “heavy ion fusion technology patents” among its many projects, began to draw more scrutiny this year after its paper value more than quadrupled to $35 billion on scant volume. Before its suspension, the market cap of Neuromama, which was based in southwest Siberia before moving to a beach community near Tijuana, Mexico, was greater than even Tesla Motors Inc....

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    http://www.bloomberg.com/news/artic...tock-was-just-halted-on-manipulation-concerns