Not only but if you search reddit for these stock tickers you'll see very little other than the suspension notice. Take HLXW for instance - 1 mention in the past year. (https://old.reddit.com/search?q=HLXW&restrict_sr=&sort=relev...)
The exceptions to this are PTTN & BLSP, which both have some low vote count posts - but there's always some brigade trying to pump something on reddit, why not the 100 or so other tickers as well?
PTTN and BLSP for instance, is listed amongst 'IGEN HPST GRNF IPNFF VMNT RNWF SHMN ZNOG COUV VISM CBBT BRTX ISWH TSNP ENZC PUGE ATVK BRLL NECA OPTI GMEV TTCM PMPG TSPG OZSC FORW BLSP GTLL PTTN VPER AGGI CTLE BLDV NWTT PVDG UATG MICT RSSV PPBT AKBA DSGT GRCV NAKD ACB ALPP BLSP GM TRUP' in 2 posts, what about the others? - feel free to cross-compare the list btw, I did. Those are the only 2 crossovers. A direct link to the hype post: https://old.reddit.com/user/pennystockguyz/comments/lf8zhg/h...
The claim of 'the latest in a string of temporary trading halts amid volatile trading in so-called “meme stocks.”' needs more information. Does the SEC have some criteria that doesn't include reddit (for instance, some scammer paying for facebook ads to unsavvy investors claiming "HLXW is the next gamestop")?
The SEC in https://www.sec.gov/litigation/suspensions/2021/34-91213.pdf uses the words "certain social media accounts may be engaged in a coordinated attempt to artificially influence their share prices." alright, let's take it on good faith. It's not happening on reddit. Somewhere else maybe?
The only thing I can find is on twitter. The political class likes to pretend people care about twitter wayy more than they actually do. If you look for say, HLXW and let's just pick PTTN https://twitter.com/search?q=HLXW%20PTTN&src=typed_query&f=l... and scroll scroll scroll you'll see a few mentions, is that it? Things like this? https://twitter.com/AlexDelarge6553/status/13605979641719808... ... there's our IPWG, MRIB, BBDA and EVTI, we have 6 matches in that post. If this was a source, what about the others 16 in that list? Even if it's some incompetent DC person impressed by 24 retweets, it's still only a 27% crossover.
Is it this And weird trading patterns? Do they have some undisclosed tripwire model with conditions (say, some X trading pattern followed by some Y "influence metric" followed by some Z pattern?). And if this exists, shouldn't there be some disclosure so that innocent investors know what to avoid and when to divest? I always check reddit before I invest to make sure there's not some hypetrain bubble behind the security.
Also there's real people behind all these companies who, I assume, are just trying to do an honest job of overseeing waste management facilities or whatever these companies do. I'm sure they don't appreciate scammers playing around with their stock and getting it suspended and thus probably scaring off their actual investors.
Whatever it is, this isn't the full story.
