Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Just days after <a href="https://www.smartkarma.com/entities/amtd-digital" target="_blank" data-smartkarma-citation="entities:36214:1" rel="noopener">AMTD Digital (HKD US)</a> was ramped 30,000% to a ridiculous valuation only weeks after its IPO, <a href="https://www.smartkarma.com/entities/magic-empire-global" target="_blank" data-smartkarma-citation="entities:36219:1" rel="noopener">Magic Empire Global (MEGL US)</a> IPOed and rose 2000+ on Day1.</li>
<li>MEGL is a corporate advisory, helping smallcaps IPO then helping them comply with listing rules. 2 principals, 2 professionals, 5 staff with no moat had US$2.16mm in revenue in 2021.</li>
<li>And it is worth US$2.3bn - 1000 x revenues and 10,000x earnings?  This is not OK. And it smacks of something unsavoury. </li>
</ul>


Just days after AMTD Digital (HKD US) was ramped 30,000% to a ridiculous valuation only weeks after its IPO, Magic Empire Global (MEGL US) IPOed and rose 2000+ on Day1.
MEGL is a corporate advisory, helping smallcaps IPO then helping them comply with listing rules. 2 principals, 2 professionals, 5 staff with no moat had US$2.16mm in revenue in 2021.
And it is worth US$2.3bn - 1000 x revenues and 10,000x earnings?  This is not OK. And it smacks of something unsavoury. 


Magic Empire Global - Not Clear Who Is Driving and Who Is Being Taken For a Ride

United States

LongFin Corp. operates as an independent finance and technology company. The Company offers commodity trading, alternate risk transfer, and carry trade financing services. LongFin also provides hedging and risk management solutions to importers, exporters, and small medium business enterprises. LongFin serves customers worldwide.

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LongFin Corp (LFIN US)

Magic Empire Global - Not Clear Who Is Driving and Who Is Being Taken For a Ride

Magic Empire Global (MEGL) is the latest small cap illiquid Asian IPO brought to market by Network 1 Financial Securities. It rose 5000+% vs IPO...

Travis Lundy

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