The Friendly Bear - Verified Trader MNTS [NASDAQ] - Momentus Space SPAC, Labeled as Fraud by SEC
Oct 29, 2021
10:39
In this screen-share on Friendly Bear Research YouTube Channel, 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 [NASDAQ: MNTS] in July 2021 and by August 2021 the SEC concluded it's investigations of the company and labeled it a fraud. The company was sued by the SEC and had it's valuation decreased from $1.13 billion to $567 million after sanctions and penalties were imposed. On top of all of this, Momentus' water plasma propulsion system is a dud and the company is a worthless scam that is making a mockery of the capital markets.
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