David Bianculli: Permethium got their start right there in 2017. They went dormant for a period of time, but now they're suddenly back on the scene. Their fundraise was done with this affiliate from China called Wang Zhang. He raised $48 million without a product, hired former SEC and FINRA people. The company paid $1.5 million to network one financial securities, which has a very dubious compliance record For those who care about these things, it's just not pretty.

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