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APEN - Soliton: A Reg A+ PR Machine With Lockup Expiry Next Week - $6 2-Week Price Target
Apollo Endosurgery Inc.
Soliton (SOLY) had a recent Reg A+ IPO in February 2019, with an unproven device that is supposed to assist a laser with tattoo and cellulite removal. SOLY is a relentless PR machine that we believe will end very badly for shareholders who think they are holding a solid investment. The company has put out 17 PRs since the beginning of March. This PR campaign has worked, as the stock has risen from $4.99 on March 1st to a peak of $15, to over $10 today. We don't believe the PRs show any