u/SavingsTangelo7130

I’ve heard a few people were able to get their halted shares sold to a “buyer” who has a short position. My question is that the person I’m dealing with wants to do transaction via “Charles Schwab- Move assets from my Schwab brokerage account” form. Has anyone used this method before for this type of transaction? The risk I’m having is that they are paying back with the stock ticker “mint” and requires my full account number and full name to fill out a form to transfer shares to my account. This opens up risks that I’m probably not aware of. This does avoid giving out bank information but I’m sure there’s plenty of risk with this type of transaction. What methods are the safest if anyone has done this before and was successful can chime in I’d be grateful.

Mu has had a 20% correction and Muu has 40% correction. I strongly believe the company will hit new highs within the next few months. Time to go back in or wait for a bigger pullback? Currently back in Muu at $650 post market on Friday and looking to average down if it dips more. Looking to add at 570 and sell my organs at 500 and dump the rest.

I just want to spread awareness for the future because I’ve been scammed myself. When I was looking for more ideas I’ve come across people who were out to scam others. How the scam works is they give you stocks that gain 10-20% a few times and manipulate the market on stocks with low volume to gain your trust. Then they will tell you there is a good stock coming up gains up to 80%+ and to go in a big position. In my instance it went from $58-71$ that same day. The following day these scammers will sell at the same time and drop the price down. In my case it dropped from $60-50$ during market hours. Post market it dropped from $50-14$ rapidly. The stock is now on a t12 and we will never know if they will release a resume time. Due to the nature of it being a Chinese stock and paperwork is required but can be delayed or never submitted, this stock should be treated as a delisting stock. I’ve lost about 30% of my portfolio.

I know my decision to trust a random person was beyond stupid and honestly I have never thought I would be in this situation but here I am. There is no need to bash me as I’ve already been bashing myself nor am I asking for sympathy. I’m purely posting this to avoid future scams for others to have knowledge and spread awareness. I will be able to recover as my position was 350 shares at $20,500usd but many who bought more or less were in different situations where that’s all they had and are now in serious trouble.

For the people who got scammed, this will be a lesson we never forget and for the future people who didn’t get scammed this time around, hope this warning saves you at desperate times when you decide to do something out of the ordinary and before you know it, it is too late.

I have tried to post on wallstreetbets and stockmarket community but it’s been taken down by mods. If you can spread this awareness please help out and do so. You never know who may come across it and may stop them from making an irrational decision that could be costly.