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Midas Edge

Nano Magic Inc. NMGX (last ticker on record)

CIK 891417Its SEC filings (opens in a new tab)

  • Delisting notice (not a red flag)
  • 95% wipeout
  • SEC/DOJ scrutiny

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags
2
Newest began Apr 2020
Largest fall in its shares
98%
Aug 2014 to Dec 2018
Law firms
4
Linked to 5 or more companies
Lawyers
2
Linked to 5 or more companies

What happened

  1. SEC trading suspensionSEC order (opens in a new tab)
  2. Shares down 95% from their high
  3. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.