For comedic gold visit http://investor.neuromama.com/
This is so weird. It seems like this entire site is something I'd see on "Tim and Eric Awesome Show, Great Job!".
The SEC has temporarily halted trading of Neuromama Ltd.
101–110 of 143 posts
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#102The Business Insider headline (original, and yes Business Insider is terrible) from today was quite funny.
"This $35 billion company supposedly owns 'a clone of Amazon’ and is developing atomic fusion — and the SEC thinks something might be wrong."
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#103Earlier quoted context omitted.
Here's the "CTO" who appears to be a poorly paid actor reading from cue cards: https://youtu.be/g66rO79QL9w
Their YouTube videos are all amazing. Here's one particularly fun transition: https://youtu.be/g66rO79QL9w?t=9m34s Stick with it for a few minutes and you can listen to him describe heavy ion fusion in terms of an "angel the size of Los Angeles that runs off nuclear power" while inexplicable jet-skiing videos play in the background. Edit: Eight minutes later and water sports are still playing behind him. He's talking…
whoa, this one has their copy running over video of someone plummeting in an aerial silk accident. You can even hear people shouting "Call 911!" over the dubstep soundtrack.
This is so bizarre!
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#104For comedic gold visit http://investor.neuromama.com/
The youtube goes for days... this is the TimeCube of the 2010s.
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#105Re: The SEC has temporarily halted trading of Neuromama Ltd.
#106Read the (Important Disclosure) pdf at the bottom of http://investor.neuromama.com/ - It's amazingly crazy.
My favorite: "I can provide a lot of references, who will say that I always keep my word, although on
many occasions due to unforeseen circumstancesit could take longer for me to deliver on
my promises."
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#107Earlier quoted context omitted.
There's… a 17-minute rant about Google being bad? https://www.youtube.com/watch?v=ok-8uVR4Pa0 Note the fake NASDAQ symbol. I only watched 5 minutes of it. Interestingly, Neuromama.com does indeed return Microsoft as the top result for "computer software": https://neuromama.com/get/web/computer+software But the rest is the same as Google.
Here's the Neuromama Recruitment Video: https://www.youtube.com/watch?v=tZhI5zRJ8zw Wow.
This is amazing.
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#108Earlier quoted context omitted.
This sounds pretty amazing but I can't figure out bindings for all the pronouns. Who are the short sellers? Who are the brokers? are they complicit? Is one of them acting as the market maker for the stock? When the con is exploded and the money gets paid back, where did it come from? The short sellers? the brokers? thin air?
Eve finds NeuroMama, a worthless stack of nothing but shady documents, and importantly, without a significant number of shares available to borrow. She knows how to manipulate markets and doesn't care much for legality. Eve buys a significant position in NeuroMama over a period of time. She can do this cheaply, but slightly drives up the price. Alice sees that the stock price has increased and this puts it on her rad…
> to borrow shares so that she can short sell.
why would she do this instead of just buying a bunch of put options on the stock ?
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#109Trading 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?
Very helpful explanation from a thread about this on reddit (narrated from the first person perspective of the scammer): It's pretty beautiful in an illegal sort of way: So the clever short sellers borrow and sell 100,000 shares of stock at $2 each, hoping to profit when it crashes to zero. By hypothesis, there are no buyers. But we buy. We buy those 100,000 shares for $2 each, laying out $200,000. Now we own 300.1 m…
If you follow that link all the way back to the original source, you're back at Bloomberg, and the writing of Matt Levine.[0]
It provides additional context, some entertaining footnotes, and is generally just very much worth the trip.
[0] https://www.bloomberg.com/view/articles/2014-07-11/cynk-make...
Re: The SEC has temporarily halted trading of Neuromama Ltd.
#110(Sorry bout this folks - just trying to wrap my head around it) What we seem to know and the unanswered questions: - this seems to be an atrociously bad startup (their "search engine" proxies Google but can be easily tripped) - it seems to have been a genuine IPO (2000???) that then failed (see search engine) and yet the outstanding shares trade OTC (between large institutions privately - a very common method) - the…
> no sane hedge fund will short the stock without also buying a call option
Short plus a call is a put. If you can buy a call you can just buy a put. Thinly-traded stocks such as this one would not have exchange-listed options.