RamenPanda|May 30, 2026 17:23
Shady media outlet Asia Finance hired writers to fabricate fake news and spread rumors to short 100x stock AXTI and 20x stock SIVE:
'Financial fraud + suspected criminal activity + earnings report bombshell'
❌ Gross exaggeration, no direct evidence.
There’s no official report or investigation pointing to financial fraud or criminal activity by the company.
Company financials: Q1 revenue down 22% YoY, preparing dual listing to comply with U.S. PCAOB audit requirements.
This is about compliance for listing on the U.S. Nasdaq, not a 'fraud scandal.' Recently, there’s even been positive news (AI data center pipeline up 77%, defense contracts).
The core of the investigation is about abnormal stock price movements caused by leaked news on social media, not internal accounting fraud.
Shady media @AsiaFinance turned a legitimate investigation into leaked information into 'comprehensive financial fraud + criminal activity,' selectively amplifying the negatives.
If you believe them, you’re an idiot.
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