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The SEC has temporarily halted trading of Neuromama Ltd.

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11–20 of 143 posts

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#11
> The SEC has pushed to keep shell companies out of the hands of fraudsters, who manipulate their shares to make illegal profits through a so-called pump-and-dump scheme.

So if you wondered what a shell company is, one way to get a publicly traded company is to buy the "shell" of an existing company that is already public but wound down operations.

Sort of a take over of just the name, incorporation documents and exchange documents that let it list. You'd then delist and have your shares only trade OTC. This helps explain why they haven't filed any financials for the past few years.

If you look at its trading history, NERO US Equity if you have a Bloomberg terminal, you can see that it traded a few hundred shares a day and slowly climbed up each day. This probably indicates that the shares are very tightly held. So the owners can't really cash out by selling their shares, but they can possibly use the shares as collateral.

Being so tightly held also eliminates the possibility of shorting the company, though shorting any OTC symbol is always a bit sketchy.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#12
post #3

Trading was just halted in Neuromama (OTC:NERO), a startup with a $35 billion market cap. They have a search engine ( https://neuromama.com/ ), a social network ( http://vica.life/ ), and claim "heavy ion fusion" and oceanfront property in Mexico. The CEO got out of prison 6 years ago. WTF?

https://neuromama.com/get/web/WTF

I am entirely unsure how this search engine works.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#13
post #3

Trading was just halted in Neuromama (OTC:NERO), a startup with a $35 billion market cap. They have a search engine ( https://neuromama.com/ ), a social network ( http://vica.life/ ), and claim "heavy ion fusion" and oceanfront property in Mexico. The CEO got out of prison 6 years ago. WTF?

https://neuromama.com/get/web/WTF I am entirely unsure how this search engine works.

I tried searching for 'pig 14' - and got back an error message that included (html removed):

We're sorry... but your computer or network may be sending automated queries. To protect our users, we can't process your request right now. See https://support.google.com/websearch/answer/86640 Google Help for more information.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#14
post #6
post #4

Who honestly believes this company is worth anywhere near $35B?

A couple of suckers who got conned into buying in at that price.

They're not even trying to make it not look like a scam http://investor.neuromama.com/

I'm reminded of Cormac Herley's theory about Nigerian scammers acknowledging they're from Nigeria because they prefer to deal with people naive enough not to see that as a red flag https://www.microsoft.com/en-us/research/publication/why-do-...

Unlike your average Nigerian scammer, these guys also presumably had the ability to afford a web designer and someone to write copy that looked vaguely legitimate if they'd wanted to. Trouble is, investors that aren't ludicrously unsophisticated are more likely to ask awkward questions and get lawyers involved...

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#16
post #3

Trading was just halted in Neuromama (OTC:NERO), a startup with a $35 billion market cap. They have a search engine ( https://neuromama.com/ ), a social network ( http://vica.life/ ), and claim "heavy ion fusion" and oceanfront property in Mexico. The CEO got out of prison 6 years ago. WTF?

https://neuromama.com/get/web/WTF I am entirely unsure how this search engine works.

It's a PHP application proxying Google search results based on the errors and results.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#17

Earlier quoted context omitted.

https://neuromama.com/get/web/WTF I am entirely unsure how this search engine works.

It's a PHP application proxying Google search results based on the errors and results.

On my stock Android phone, all the searches just return blank pages. Are you saying it actually works on non-mobile clients?

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#18
post #3

Trading was just halted in Neuromama (OTC:NERO), a startup with a $35 billion market cap. They have a search engine ( https://neuromama.com/ ), a social network ( http://vica.life/ ), and claim "heavy ion fusion" and oceanfront property in Mexico. The CEO got out of prison 6 years ago. WTF?

What the hell am I even looking at with neuromama?

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#19

Earlier quoted context omitted.

It's a PHP application proxying Google search results based on the errors and results.

On my stock Android phone, all the searches just return blank pages. Are you saying it actually works on non-mobile clients?

Getting blank pages on my MBP. So apparently not.

Re: The SEC has temporarily halted trading of Neuromama Ltd.

#20
post #3

Trading was just halted in Neuromama (OTC:NERO), a startup with a $35 billion market cap. They have a search engine ( https://neuromama.com/ ), a social network ( http://vica.life/ ), and claim "heavy ion fusion" and oceanfront property in Mexico. The CEO got out of prison 6 years ago. WTF?

Their Android app only has 10-50 installs :0 https://play.google.com/store/apps/details?id=com.vica.chat
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