Occasionally, several meme stocks exhibit this behavior,...

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.