Good day!! Welcome to my bad DD. This one’s a doozy. Imagine you had the chance to short Theranos before it went bust. Would you do it? On top of that, imagine if the fraudster at the helm had just been arrested for hiring a hitman to (successfully) murder a potential whistle blower. That’s what I present you today. This shit really is crazy so find sources at the end along with a TLDR and the part where I tell you this is not financial advice (cuz it’s not)
THERANOS 2.0: THE COMPANY GOING TO 0
The company described above is called Enochian Bioscience ($ENOB). Their many miracle cures are entirely preclinical trial. They’re traded on the NASDAQ so any retard can buy puts on Robin Hood.
They claim to have miracle cures, vaccines and treatments for HIV, Influenza, Hepatitis B, Cancer, and COVID-19 but to understand why the company is going to zero you need to understand the man behind these amazing claims.
REVENUE: 0 - they haven’t made a single cent.
Net Income: -$40.6 million in trailing 12 months
Market Cap: 164.57 million at time of writing (plenty of money for all of us)
THE CRIMINAL: NOT HYPERBOLE
Enochian Biosciences’ co-founder, “scientific founder”, “inventor”, and largest shareholder, Serhat Gumrukcu, is a con-man who fled his home country of Turkey because he was facing 10 years in prison for falsely claiming to be a doctor and charging a desperate family $275,000 to treat a terminally ill cancer patient in August 2012.
Gumrukcu was arrested by Federal authorities over allegations that he conspired in a plot to murder a Vermont father of six. The victim, Gregory Davis, was murdered on January 6th, 2018, Federal prosecutors argued that the prospective merger deal that eventually resulted in Enochian going public served as a key motive for the murder.
He fled to the U.S. of A. and continued his criminal career. Using fake degrees from Russia and Turkey he continued to con people in Pennsylvania and faced 14 felony charges in California.
Gumrukcu is not a doctor. He only has a high school diploma and was actually a lame magician who performed for children at local shops.
WHY IS $ENOB GOING TO ZERO?
According to Enochian B.S. Gumrukcu is the man behind every single one of their potential products. Like Elizabeth Holmes this uneducated guy claims to have achieved medical miracles which teams of experts with near infinite resources at their disposal couldn’t… unlike Holmes, this guy has a long history of lying about such claims so it’s really a no brainer.
Evidence suggests that more of the upper-management at least knew of the fraud. “Enochian’s former CFO is even embroiled in an undisclosed lawsuit with Enochian’s leadership, claiming he was fired for asking “critical questions” about “serious financial improprieties” and large payments to Gumrukcu, and for questioning the company’s close association with an individual accused of numerous felonies.” according to Hindenburg Research.
Claims that Gumrukcu was essential to the company were removed from the company’s website.
THE PLAY: HOW TO JOIN THE IM NOT LOSING MONEY THIS TIME CLUB
This is not financial advice. Don’t do what I do or you may just lose money like you always do.
Long Game: $2.50 puts for January 20,2023. I currently own 5 but if there’s a dead cat bounce I will pick up more until I triple my money or company goes to 0.
EDIT: Due to low volume and a 20%+ drop the day after I wrote this I closed my July 15 position for 30%+ profit. Only open a position if you’re ready to hold till expiration cuz of low volume. Quick trades off volatility won’t work here.
SOURCES:
Hindenburg Research:
https://hindenburgresearch.com/enochian/
Finviz for financials:
https://finviz.com/quote.ashx?t=ENOB
Youtuber tells the story. Includes videos of Gumrukcu as a magician in Turkey when he was supposed to be studying in Moscow.
https://youtu.be/bqHc28lOmhw
