Ashraf Eassa
Long/short equity, contrarian, independent research, tech

A $180 Million Company Worth Less Than $0: Short Xumanii

Editors' Note: This article covers a micro-cap stock. Please be aware of the risks associated with these stocks.

It is unfortunate that all-too-often micro- and small-cap stock fraud occurs in our equity markets. It is all too easy for a thinly traded equity with roughly zero intrinsic value to be promoted to the unsuspecting retail investor. While small-cap stock fraud will never be eliminated, it is imperative that the innocent retail investor not be duped by these scams.

Xumanii (XUII.OB), formerly known as Medora Corp., is a name that is currently the target of penny-stock promotion and I believe that investors not yet in the name should avoid it at all costs and anybody currently in the stock should...

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