EPSM

MOU Announcement: EPSIUM Enterprise Limited has signed a non-binding Memorandum of Understanding with Era Future (Macau) Performance Art Limited to explore potential strategic collaboration, including a stock swap merger and joint film and television projects.

Synergy Potential: The partnership aims to leverage Era Future's event planning expertise to enhance EPSIUM's visibility and customer reach, particularly in the entertainment sector, which can drive beverage sales at integrated resorts and casinos.

Cultural Impact: This collaboration is expected to contribute to Macau's cultural profile and support its ambition to become a "City of Performing Arts," benefiting both companies and the local market.

Confidentiality Clause: The MOU is not legally binding, and specific terms will be negotiated later, with both parties agreeing to maintain confidentiality regarding details until formal agreements are reached.

FLYE Stock Collapse: Fly-E Group, Inc. (FLYE) experienced a dramatic 87% drop in stock price following allegations from The Bear Cave that it was involved in a "pump-and-dump" scheme, leading to significant market capitalization loss.

Investigation and Warning: Edwin Dorsey, the author of The Bear Cave, raised concerns about potential manipulation by overseas actors and warned investors about the risks associated with FLYE, which ultimately resulted in a severe decline in its stock value.

Pump-and-Dump Scams: The Bear Cave newsletter has highlighted a scheme where scammers use WhatsApp and fake investment firms to manipulate U.S.-listed Chinese stocks, leading to significant financial losses for investors through false rumors and sudden stock crashes.

Targeted Stocks and Resources: The Bear Cave identified six stocks potentially at risk of being targeted next and launched a website, StopNasdaqChinaFraud.com, to gather evidence against the fraudsters, urging investors to be cautious of unusual promotions on social media.