I've seen a lot of that crap on e.g. the Oslo Stock Exchange over the past two decades. Lots of money from local and very inexperienced (e.g. fishing/shipping/oil money) companies/people, looking to invest in tech and often randomly landing on investing in quite far out gambles where it's legitimitely really hard to figure out of there's an intent of fraud or not. The exec teams tend to draw disgustingly high comps though. Then the weird companies get insanely hyped for no reason by local "economy journalists". Then there's loads of insider leaks and trading. Oslo Stock Exchange is like the wild west.
I thought this was largely isolated to small immature markets like e.g. Norway though.
I've seen a lot of that crap on e.g. the Oslo Stock Exchange over the past two decades. Lots of money from local and very inexperienced (e.g. fishing/shipping/oil money) companies/people, looking to invest in tech and often randomly landing on investing in quite far out gambles where it's legitimitely really hard to figure out of there's an intent of fraud or not. The exec teams tend to draw disgustingly high comps though. Then the weird companies get insanely hyped for no reason by local "economy journalists". Then there's loads of insider leaks and trading. Oslo Stock Exchange is like the wild west.
I thought this was largely isolated to small immature markets like e.g. Norway though.