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Suspicious auditor, dodgy website: Dissecting this micro-cap's phoney 7x revenue jump

A cautionary tale of red flags, too-good-to-be-true revenue growth, and the inevitable downfall

Pressure Sensitive Systems: Dissecting this micro-cap’s fraudulent operationsAI-generated image

Few tales in the stock market are as startling as that of Pressure Sensitive Systems (India), a micro-cap adhesive industrial tape manufacturer that briefly dazzled investors before collapsing under the weight of its improbabilities. The company, which had spent over a decade in obscurity, consistently reporting almost negligible revenues, suddenly began posting extraordinary financial performance a few years ago. Only for the remarkable story to unravel recently. Here's a timeline of its zero-to-hero-to-again-zero saga and the red flags the market could have spotted early on:

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