DEVELOPING: Min Heejin Involved In Stock Manipulation

Yesterday, news came out that Min Heejin made a verbal contract with an investor. She quickly denied it.

News leaked that MHJ was involved in DavoLink stock price manipulation.

ABOUT DAVOLINK:

Davolink is a South Korean company established in June 2000, known for specializing in the development, manufacturing, and provision of networking equipment, particularly focusing on wireless LAN solutions. Here are some key points about Davolink:

• Product Focus: They are involved in creating multimedia convergence and wireless LAN systems, offering solutions for both home and business environments. Their products include routers and modems, with recent models like the Davolink Minions Kevin Wi-Fi 6E Router and similar-themed networking devices gaining attention for their unique design and functionality.

• Innovation: Davolink has ventured into Wi-Fi 6E technology, which represents the latest in wireless communication standards, offering enhanced speed, capacity, and less congestion on the 6 GHz band.

• Market Presence: While not as widely known globally as some major networking brands, Davolink has made a name in certain markets, especially with their Minions-themed routers which combine functionality with an appealing aesthetic.

• Corporate Profile: The company is headquartered in Anyang, Gyeonggi-do, South Korea. They've aimed at expanding into new fields like IoT and have been noted for their participation in events like IFA Berlin, showcasing their commitment to innovation in networking technology.

• Public Sentiment: Recent posts on social media platforms like X (formerly known as Twitter) might discuss Davolink in contexts related to stock market activities or product features, indicating public and investor interest in their market performance and technological offerings. However, opinions on social media can vary widely and should be taken with caution regarding factual accuracy.

DAVOLINK was planning to enter the industry and they were recruiting Min Heejin.

Note from me: This was just communicated to me via DM on X, they didn't provide a link as to where they got the info that they were recruiting MHJ.

DAVOLINK reportedly recruited several former employees from SM, including KimYuna who previously worked at BB Korea.

The highlighted part paragraph translation: Kim Yuna, chariman of GEMG and publisher of Billboard Korea, said, "As the status of k-artists and K-pop has increased worldwide, Billboard Korea will play an important role in promoting K culture." 

The newly appointed outside director of Ador, Ms. Kim (IMAGE ABOVE), is a former prosecutor who worked in the financial and tax investigation team. Ms. Kim allegedly found evidence of Mhj's involvement in DavoLink's stock price manipulation.

Note from me: This was just communicated to me via DM on X, they didn't provide a link as to where they got the info that Ms Kim found evidence that MHJ is involved in price manipulation.

They have circumstantial evidence and it's related to the stock price movement of DAVOLINK. it is said to go up each time MHJ attacks HYBE.

Yesterday, after MHJ released her statement denying the rumor she had a verbal agreement with a company, the stock dropped.

Davolink label is owned by Kakao and SM Ent. People are assuming that the 80 plus people who resigned from SM are going to Davolink or at least some of them.

THINGS TO NOTE:

• It isn't illegal for MHJ to own stocks.

• Verbal agreements are binding.

• I am yet to find sources (as indicated above) that states MHJ was going to join Davolink or that Ms Kim (the new external director of HYBE) found a connection between MHJ and Davolink.