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Posted On: 11/17/2021 12:39:50 PM
Post# of 36541
Ballfan,
Great question and if I were to speculate, since our our dividend shares are locked and can be identified, they could be changed back to the placeholder A shares. Perhaps an SEC deep dive is happening now to isolate the trades for NUGX which hopefully can be tracked back to a few sellers who will be prosecuted.
If those who sold were able to sell by a TDA mistake, then this will be sussed out, but the pathway could be able to tell origin and hopefully those folks that acted with intent can be held responsible. I personally lost $15k in buying more NUGX shares thinking that $1.25 was a good deal for a supposed $9 stock.
I am taking this as positive news in that NUGX fraud is being addressed.
Great question and if I were to speculate, since our our dividend shares are locked and can be identified, they could be changed back to the placeholder A shares. Perhaps an SEC deep dive is happening now to isolate the trades for NUGX which hopefully can be tracked back to a few sellers who will be prosecuted.
If those who sold were able to sell by a TDA mistake, then this will be sussed out, but the pathway could be able to tell origin and hopefully those folks that acted with intent can be held responsible. I personally lost $15k in buying more NUGX shares thinking that $1.25 was a good deal for a supposed $9 stock.
I am taking this as positive news in that NUGX fraud is being addressed.
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