Ideanomics Pays off Its Director With Stock Rewards After Manipulating the Market

On Aug 12, through a press release distribution network, Ideanomics Inc (“Ideanomics”) announced that as expected, they have received an additional notice of non-compliance from the Listing Qualifications Staff of The Nasdaq Stock Market LLC due to their failure to timely file the Form 10-Q for the quarter ended June 30, 2022, with the Securities and Exchange Commission, as required by Nasdaq Listing Rule 5250(c)(1). As previously disclosed, Ideanomics earlier received notices from Nasdaq regarding its non-compliance with the Rule with respect to the Forms 10-K and 10-Q for the fiscal year ended December 31, 2021, and quarter ended March 31, 2022, respectively. 

 In response to Ideanomics’ press release, Miles Guo commented on the Ideanomics stock index on Aug 17th, Miles believes that Ideanomics is going to be Bruno Wu’s “last game”, and that Wu has engaged in countless shell companies to swindle billions of dollars out of the United States. 

 Bruno Wu serves on the Board of Directors of Ideanomics Inc. On the day of the report, Ideanomics’ share price (NASDAQ: IDEX) had dropped to $0.61, down from $300 on May 24, 2007, its opening day. As was reported, previously, Ideanomics has undergone four name changes since its founding, three of the companies have voluntarily delisted.During a live broadcast on Aug 19, the fellow fighters of the Whistleblower Movement revealed that Ideanomics was suspected of paying its director Richard Frankel with stock rewards through market manipulation.