Focus Universal [NASDAQ: FCUV] – Another Argus Research pump and dump scam, following a similar playbook of Flora Growth [NASDAQ: FLGC]. The promotional executives at pump and dump stock Boxlight Corp [NASDAQ: BOXL] helped get FCUV uplisted from an OTC penny stock to the Nasdaq and reach a whopping $550M+ valuation.
The reality is, FCUV has nothing but a tiny hydroponics equipment business, but tells a fictional story of developing IoT (Internet of Things) technology. Only spends about $250K in R&D per year, and only generates $1.5M in revenues per year. White Diamond Research has a 28c price target for a 98% downside.
Focus Universal Short Report
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