regulatory
confidence high
sentiment negative
materiality 0.75
Brag House requests SEC, FINRA, Nasdaq investigation into alleged naked short selling of TBH stock
Brag House Holdings, Inc.
- Stock dropped 80.79% in one day: $6.61 (Mar 31) to $1.27 (Apr 1); nine trading halts on Apr 1.
- Trading volume on Apr 1 nearly 3x IPO share count; volume each day Apr 1-3 nearly equaled public float.
- Persistent fails to deliver from Mar 19 to Apr 4, with 427,073 fails on Mar 19; borrowing rates averaged >115% in April.
- Persistent beneficial ownership discrepancies suggest fictitious shares may be circulating.
- Company states no material undisclosed info caused decline; requests immediate regulatory investigation.