u/mithyyyy · 129d agono track record yet
TikTok's most popular influencer sold his company for $975m... to a sketchy Chinese "printing" company doing $6m in revenue: a write-up.
Rich Sparkle Holdings (ANPA), a financial printing company with only $5.88m in revenue, acquired Khaby Lame's company for $975m in shares despite no clear strategic fit or material events justifying its stock appreciation from $4 to $30. Multiple red flags—auditor resignation, replacement with a shell audit firm, involvement of underwriter tied to fraudulent AMTD IPO scheme—suggest the acquisition and valuation are entirely suspect.
At post $77.00Now $5.70-92.6% since postedas of Jun 10, 4:59 PM ET
1d—
3d+4.2%
1w+6.5%
1m-87.7%
3m-91.6%
6m—
1y—