White Diamond issues short report on NextPlay Technologies with 30c target

Short selling firm White Diamond Research issued a report on NextPlay Technologies (NXTP) with a 30c price target. The stock in morning trading is down 15% to $2.13. NextPlay's actual revenues for its latest quarter were less than one thousand dollars and it is paying $10M-plus "for strange companies in different countries that have no revenues and no customers," White Diamond says in its report. Axion Ventures (AXNVF), now trading close to zero, was run by the same executives of NextPlay, and is a "hotbed of lawsuits, self-dealing and related party transactions," the firm adds. Reference Link