AMTD Digital goes hyperbolic

[Spekulatius]

As Spock would say - fascinating:

https://finance.yahoo.com/news/mystery-meme-stock-no-one-162000061.html

[Castanza]

China Hustle 2.0? 

[Spekulatius]

30 minutes ago, Castanza said:

China Hustle 2.0? 

Nobody really seems to have any idea. The volume is pretty small throughout the surge . Maybe the ticker symbol being identical with the HK currency (HKD) has something to do with it.

[aws]

Very sketchy structure with a very unclear float. It looks to be up to 97% owned by AMTD Idea Group, which was also the underwriter in the HKD IPO. Oh, and the CEO of that company is facing an industry ban for misconduct:

 

https://www.caixinglobal.com/2022-06-02/hong-kong-money-man-calvin-choi-faces-two-year-industry-ban-for-misconduct-101894261.html

[Guest]

$203 billion market cap? Dang.