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I highly doubt with our founder having over $100M worth of...

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Astutebio90

176 Posts.

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26/08/23

15:17

Post #: 69564526
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Originally posted by OneGoodTrade: ↑

Occasionally, several meme stocks exhibit this behavior, disregarding fundamental backing. Instances involving Gamestop, Nikola, AMC, and many more.

I'm curious about the scenario where the stock isn't held in escrow; could manipulative actions enable promoters to sell their shares and invest in tangible companies? It's uncertain if this would work in real.

If Phoenix Lithium couldn't get a decent bid, opting for a Nasdaq listing under favorable market condition might be more appealing. Nonetheless, my preference is for buyout over an initial public offering (IPO). The future will unveil the outcome.

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I highly doubt with our founder having over $100M worth of property to settle that we'll be going the IPO path - this will be bought out ASAP
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