Have you heard about the $100mil deli? Here's another one for you:
BTX, Brooklyn Immuno Therapuetics, is a current meme stock. It's gone from $1.90 to $80 in about a month.
According to Yahoo, they have 10 employees and have one cancer candidate they've been studying since before 2005. Could they possibly be worth $3.5 billion?
Here's where it gets weird: BTX recently combined with NTN Buzztime in a reverse merger. According to their description: "NTN Buzztime delivers interactive entertainment and innovative technology that helps its customers acquire, engage and retain its patrons."
Furthermore, as part of the merger, NTN proposed selling its interactive business to another entity, eGames Holdings. That proposal did not pass the shareholder vote.
So now you have a biotech with an interactive arm selling for $3.5 billion. Go figure. Wish I knew what was transpiring there. Disclosure: currently short, for better or worse.