Sep. 27 at 6:17 PM
$EFSH There’s a lot going on here. Spartan Capital likely promised the institutions that participated in the October and December 2024 offerings pump-and-dump exits and liquidity for their cashless warrants. The delisting was catastrophic for those promises. I understand why some argue “there has to be a pump” to get those clients out, but the landscape has shifted dramatically over the last six months. It is now far more difficult for fraudulent issuers to IPO on either NYSE American or Nasdaq. Unless 1847 Holdings engineers a reverse merger and wipes out its entire executive team, they will never trade on a real exchange again. At this point, unless a miracle occurs, I don’t believe they will even be permitted to trade on any tier of the OTC. That reality leaves 1847 Holdings and Spartan Capital on edge. They almost certainly assured the October/December institutions a big payday, and yet here we are—six months after a delisting, with the issuer completely dormant.
