talking about stock market fraud some serious fraud going down with this
company WI ns I talked about this about a month ago now how it was halted how
the stock went up a thousand percent and then got halted well it's been halted
for almost a month now I think over a month and the stock has not moved
there's been no news the company has been silent the Nasdaq themselves
they're excuses that there's still waves becoming to provide information so
looking at the chart here on W I in S you can see the chart back here in 2016
the stock is trading at $29 and then some weird stuff is going on it jumps up
here to 465 at the beginning of this year right totally out of nowhere and
what it was is that the stock basically is just been a big fraud the whole
entire time the company created a fictitious US headquarters in the u.s.
created a fake office basically that way it made a more legitimate so it just
wasn't some Chinese financial company now they had a u.s. headquarters they
talked a big game they ended up convincing the Russell 2000 financial
index to put them on the index so they could be tracked and make it more
legitimate a lot of the index funds started having to buy this company up in
a stock jumped from $200 up to 465 in January to you know beginning of
February so in a month it jumped $200 and I was like I don't know where
obviously the stock crash kind of squeezed jump back out there to the 450
area and then since then the fraud was investigated more and more and it came
out that this thing holding was a fraud well you can see what happened it
crashed again from 279 down here to $20 and it was like okay the stocks finally
done the fraud is over let it be it's over well all of a sudden again another
big pump happens it jumps up here to 205 huge squeeze there you can see the
volume it's insane amount of volume compared to previous volume it jumped up
there to 205 and then got halted and once it was halted it has not been open
it's been over a month now and the stock has not been traded it's
been under investigation the Nasdaq basically is saying that
they're waiting for more information from the company to figure out
financials to figure out what is going on the company released earnings that's
not audited they just basically said hey we made this much money and who knows
really what the story is what they're doing what kind of fraud is happening
but I can tell you one thing there's definitely some kind of fraud happening
on the stock WI ns terrible for the investors terrible for people who are
trying to date rate is I know a lot of people were like oh I'm up a thousand
percent I bought this at 50 bucks so now it's up of 250 bucks well if they got
stuck they didn't get out in time and sell here on this pop oh they're stuck
and it's really not a pretty sight for them feel really bad not pretty you can
see here it jumped up for $19 they're up to 230 dollars and just then got halted
so it's been halted at 205 now I actually know how people who have shares
of this company the CEO resigned the CEO moved away from the company there's all
this stuff going on such a weird weird thing so the Nasdaq allowed us to happen
they let this stock run up from $20 up to $230 in four days and they didn't
stop it they didn't halt it before then and they just let it fly I mean what
were they thinking what this is insanity it's really insanity for this company
and it really just proves the point of the market that the market makers all
these people the bank's the market makers the actual stock exchanges they
don't care about the investors themselves they don't care about people
who are investing these stocks all they care about is their bottom line making
money putting money in their pockets when everybody else is losing out there
does it well sorry about you we didn't catch this until up here at the 230 area
well how could they even explain it how could they possibly tell us that hey we
just now saw this after it ran up a thousand percent from $20.00 up to $230
where is the SEC at what was going on here how did this happen if this talk
never reopens your money is gone if it gets the listed it goes to zero it's
gone there's nothing you can do you can't sue the company you can't go after
there's nobody going to refund you the Nasdaq is not going to give your money
back like I said they just care about their
bottom line and their bottom line is making money and they don't care about
the actual investor so a lot of fraud going on the market is very large it's
very easy to manipulate these small cap companies these companies with small
float comings with low volume you can easily manipulate stock prices you can
even move them up and down with enough money you can move stocks up and down it
depends on the volume it's one of the things I always talk about trading
stocks have a lot of volume staying away from stocks that are just
too good to be true fraud is happening be careful it is too good to be true
it's too good to be true so stay away don't get greedy