This company was a spin-off from ASPS (I received 1 share of AAMC for every 10 shares of ASPS). I think the 40x (from 15 last December) is really strange. I doubt it is any fraud scheme (ASPS is a $3 Billion company, and has been doing quite well).
its incredible and outrageous, and the equity in the company is not worth more than $20 per share... I can't understand - I believe the owners are taking this up on purpose so that they do a share split which will make it liquid and sell on the way down... and cash in very richly.
See my comments on the SFL board. Its a strange co. They seem to be a holding co. for RESI. last qtr they posted a small loss and instead they zoom from $300 to $500. Very little information is available about the co.