Feb. 10 at 9:00 PM
$YDKG "Caveat Emptor." ('Let the buyer beware',.. if Latin is a challenge)
Fun Facts:
A tale of two titties... 2Chinese companies that abandoned their original roots. BHAT/YDKG
1. BHAT as a Case Study:
What the Market Punished
BHAT’s pivot
*Original business: consumer / toy-related operations
*New narrative: gold trading, commodities, mining exposure
Actions taken:
*Reverse split
*Capital raises / offerings
*Continued dilution
Market outcome
*Reverse split did not restore confidence
*Price never meaningfully recovered
Subsequent offering confirmed what the market already suspected:
*The pivot was capital-dependent, not cash-generating
*Shareholders absorbed repeated dilution while fundamentals failed to stabilize
Key lesson from BHAT
A strategic pivot without near-term, provable cash flow is interpreted as survival financing, not transformation.
Nasdaq and the market do not reward intent. They reward execution and cash flow.
