Problems at Pheton Holdings (PTHL)
Regulators should halt PTHL before U.S. investors lose millions
The Bear Cave believes the stock of Pheton Holdings (NASDAQ: PTHL — $441 million) is being manipulated by overseas stock manipulation groups and is at risk of a near-term, severe stock collapse.
Overseas scammers have promoted Pheton stock on rumors that Gilead Sciences (NASDAQ: GILD — $141 billion) will soon acquire or partner with Pheton, with an anticipated transaction date of August 6, 2025.
These unsubstantiated rumors match a familiar pattern in which overseas stock scammers promote tightly held U.S.-listed Chinese companies on the basis of spurious M&A rumors, only for them to later experience sudden intraday stock collapses, often falling 90% or more.
For example, the overseas stock manipulation groups claimed Ostin Technology (NASDAQ: OST) would soon be acquired by Universal Display Corp (NASDAQ: OLED — $7.17 billion) in a “win-win situation for both parties in the field of display technology.” No deal materialized and Ostin fell ~94% on Thursday, June 26.
Other examples include overseas scammers claiming Stride (NYSE: LRN — $5.59 billion) would acquire China Liberal Education Holdings (NASDAQ: CLEU) before it fell ~98% on Thursday, January 30 and scammers claiming Matson Inc (NYSE: MATX — $3.52 billion) would acquire Jayud Global Logistics (NASDAQ: JYD) before it fell ~95% on Wednesday, April 2.
Today, the pattern is repeating with PTHL. Let’s look at the evidence.