- TKAT stock has soared more than 1,200% so far this year on optimism toward a potential move into NFTs.
- The company seems to have made that move - but through an expensive acquisition of a small slice of a company with no apparent existing platform.
- The economics of the deal suggest minimal upside even if an NFT business takes off, while the legacy business is nowhere close to supporting a $200 million-plus valuation.
- Takung Art stock looks like a traders' plaything — at best.
For further details see:
A Strange Acquisition Adds To The Questions Surrounding Takung Art Stock