NASDAQ
FGMC
2 stories
Unknown Market cap
This most recent $FGMC merger $BXBL will go just like the last FGMC merger ($ICCT). $BXBL is a 0. It will prob squeeze a little today - don't bother on "that aged well" comments. Incentives are so misaligned that i actually think it will get some action early. But it's a 0 / garbage / grift
$FGMC $3.5B mkt cap tiny home builder. $1M sales. -1,000% GMs. Incinerating cash. 83% SPAC redemption, only $14M in cash. Auditor: "substantial going concern doubts.” Modular homes industry littered with recent bankruptcies. Dubious leadership backgrounds.
Companies the stories above are also about, besides FGMC.
