Tom’s Securities Attorney Take
Neuromama Ltd. powerfully illustrates two fundamentals of stock market investing: 1.) Refuse to invest in companies that do not make timely financial reports; and 2.) Don’t invest in what you don’t know or understand.
Bloomberg just reported that A $35 Billion Stock Was Just Halted on Manipulation Concerns. The company, Neuromama, Ltd. (although touting an impressive valuation) is run off the coast of Mexico by Steven Zubkis who has served time in prison for defrauding investors and who has had run-ins with the SEC before.
Trades are halted through the end of August. This is one to watch.
### Tom Krebs