MNTS [NASDAQ] - Momentus Space SPAC, Labeled as Fraud by SEC
MNTS [NASDAQ] - Momentus Space SPAC, Labeled as Fraud by SEC

MNTS [NASDAQ] - Momentus Space SPAC, Labeled as Fraud by SEC

@Sabri monde

10 min
Business & Finance
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<p>In this screen-share on <a href='https://www.youtube.com/channel/UCmq93bRnn9vD0dUPTutSkgQ'><b><em>Friendly Bear Research</em></b><b> YouTube Channel</b></a>, David goes over the beginnings of how Momentus came about and how they got listed through a SPAC in June 2020. The SEC investigated Momentus [<b>NASDAQ:</b> <b>MNTS]</b> in July 2021 and by August 2021 the SEC concluded it&apos;s investigations of the company and labeled it a fraud. The company was sued by the SEC and had it&apos;s valuation decreased from $1.13 billion to $567 million after sanctions and penalties were imposed. On top of all of this, Momentus&apos; water plasma propulsion system is a dud and the company is a worthless scam that is making a mockery of the capital markets. <br/><br/><a href='https://whitediamondresearch.com/research/momentus-is-the-worst-space-themed-spac-labeled-by-the-sec-as-a-fraud/'><b>MNTS Full Short Report</b></a><br/><a href='https://www.sec.gov/litigation/complaints/2021/comp-pr2021-124.pdf'><b>Official SEC Complaint</b></a></p> <a target='_blank' href='https://get.cobratrading.com/friendlybear/'>Cobra Trading</a> <br>Click the link and get 33% off commissions for life as well as one month of free DAS Trader Platform<br><br><a target='_blank' href='https://www.edgetotrade.com/'>EdgeToTrade</a> <br>Use coupon code FRIENDLYBEAR15 for 15% off EdgeToTrade, the financial research platform for traders.<br><br>Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.<br><br><a rel="payment" href="https://paypal.me/friendlybearpodcast">Support the show</a>

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