Sol Strategies – Members Area https://members.thecryptocapitalist.io The Crypto Capitalist Mon, 09 Dec 2024 16:48:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Caution: SOL Global (CSE:SOL) red flags https://members.thecryptocapitalist.io/forums/topic/caution-sol-global-csesol-red-flags/ Mon, 09 Dec 2024 16:46:26 +0000 https://members.thecryptocapitalist.io/forums/topic/caution-sol-global-csesol-red-flags/ Since the home run with HODL (Sol Strategies) I’ve been on the prowl for more Solana stocks – the only other ones I could find were DEFI and NDA, which are already in the portfolio.

Over the weekend Sol Global Investments came across my radar – CSE:SOL, already enjoying a 230% run YTD and I figured tho we may be late, this could be another Solana play for the portfolio.

However, as soon as I started digging into them, I saw red flags all over the place, including SEC charges against former CEO Andrew DeFrancesco for a literal pump-and-dump scheme in the US and has been ordered to pay millions in connection with the fraud

Former CFO Paul Kania is now the interim CEO but it looks like these two may be related from the COOL days. (COOL since rebranded itself to “Simply Mac”, did a 10-for-1 reverse split, and still flatlined).

On a brighter note, SOL Strategies is plugging away and just filed to uplist to the Nasdaq.

Given that our SOL Strategies owns more than 10X the number of SOL as SOL Global, not to mention owning and acquiring validators, CSE:HODL is a far better company to own than CSE:SOL

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