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Hindenburg Research
Initial Report Date(2020/06/17)Share Price:31.000  OTC market
Losing With WINS: NASDAQ’s Latest Disgrace Has No Financials, An Insolvent Parent Entity and Is Embroiled in What Appears to Be an Obvious Pump and Dump
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Wins has a history of alleged stock manipulation, including a mysterious 4,555% spike in 2017 that gave the firm a temporary $9 billion market cap. That circus led to the company’s ejection from the Russell index, a shareholder lawsuit and a NASDAQ delisting threat. Wins strikes us as a company worth $0 trading at a current market cap of $700 million ($34 price as of this writing) due to its recent irregular trading spike. Frankly, we think the company is in the midst of one last pump and dump before it disappears for good. In our view, Wins never should have remained listed after its first fiasco in 2017. We encourage NASDAQ to implement stronger policies that prevent companies that repeatedly exhibit glaring red flags from trading on a premier national exchange.
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