Mar. 27 at 2:50 PM
$NILA skyrocketed by over 1.5K% after announcing its intent to acquire Xyberdata Ltd and establish it under MindWave, which will hold 24,800
$BTC!, a staggering
$1.7 BILLION worth of
$BTC!
This move surely made eyebrows rise, as this could lead the company to hold more
$BTC than any other publicly listed company in the U.S., except for
$MSTR.
However, a lot has regarded it as a publicity stunt, even the CEO couldn’t keep himself quiet and resigned from the company after the announcement and went as far as to say that it is a classic pump and dump when asked about the reason for resignation.
OTCMarkets awarded
$NILA the 💀label, as “Caveat Emptor” — a designation it hands down to companies it sees worthy of “buyer beware.” This is given when a spam campaign or questionable stock promotion is sensed, and they also see it as a “Shell Risk”, a label given when companies are seen as shell companies based on their annual financial data and other income-related metrics.
