July 8, 2020
Dear SEC Chairman
After working in 15 years in the financial markets, i have never seen such a shady, crazy activity surrounding a stock like GSX, there is plenty reports with facts about the companies numbers manipulated, which sould be considered for an in depth investigation and take this company stock from US markets.
Also is just absurd the bad fundamentals that the company has, screaming crazy overvalued, with thanks to the small float the company has, it has been manipulated since short reports started, the stock is close to 150% in the last weeks, without any financial report or news.
Basically we wanted to express our opinion, that GSX is manipulated to levels around 15 billion dollars, that this chinese stock is taking from US and other countries investors.
This 5th online educational stock has growth in a very short time to a market cap, higher than very important companies that really do their work with truth, basically this company speed of growth has surpassed GOOGLE in its beginnings, and this company has changed the world,which is plain ridiculous. And finally, if we continue this type of companies to make fraudulent activities and not getting in trouble, many other will do the same to US citizens and all around investors. And not stopping GSX it only means the CEO getting crazy rich with our hard worked money trying to protect the markets and fight for justice in the world. Thank You very much