Core Viewpoint - QMMM, a Hong Kong company recently listed on NASDAQ, faces allegations from the SEC for manipulating its stock price through social media, leading to a trading suspension for 10 days until October 10 [6][7]. Group 1: Company Overview - QMMM is recognized for its digital advertising and marketing production services, operating primarily through its subsidiaries ManyMany Creations and Quantum Matrix [6]. - The company serves a diverse clientele, including local and international banks, real estate developers, luxury brands, high fashion houses, and theme parks [6]. Group 2: Recent Developments - In early September, QMMM announced its entry into the Digital Asset Treasury (DAT) sector, with an initial investment target of $100 million in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), resulting in a nearly tenfold increase in its stock price over three weeks [6]. - Prior to the SEC's disclosure, QMMM's stock price peaked at $119.4, significantly down from its high of $303 in September, with a current market capitalization of $6.83 billion [7]. Group 3: Financial Metrics - QMMM went public on July 19, 2024, issuing 2.15 million shares at $4 each, raising a total of $8.6 million [7]. - The stock has experienced a dramatic increase of 2885% from its initial closing price of $4 to its recent price of $119.4 [8].