July 9, 2020
GSX Edu Tech is an obvious investigation subject that nearly every investor in China knows it is a fraud.
Nearly no people in China has ever heard of this company before the media exposed the multiple fraudulent activities of this company.
Bots brushing is obvious in their WeChat groups and online streaming platforms. If you just apply for a free account and login to their online platform, you see bots "discussing" in forums with exact same wordings all the time, posting to multiple classes at the exact same time, pretending to be real students in the class. This is a very simple due-diligence that can be done by a non-technical person from SEC.
Other than the evidence that is presented in multiple fraud reports, the reckless manipulation of the stock price, short squeeze, and suspicious high volume trade with the SAME PRICE are being done every day during trade hours and after hours. Just after the roundtable session today, GSX stock price was pumped to an all-time high without any positive news from the company.
If SEC still insists on doing nothing to investigate this company, it will release a strong message to thousands of fraudulent Chinese Companies, telling them they can just copy what GSX is doing and SEC will do nothing about it, other than watching billions of dollars of US investors go-to the Chinese scammer's pocket.