A recent analysis by Ragnarok Research has raised serious concerns about Lottery.com (LTRY, Financial), labeling it as a company allegedly entangled in fraudulent activities. The research suggests that LTRY's primary business operations have ceased, and its current revenue streams are derived from its subsidiaries. However, these revenue sources are purportedly involved in unlawful activities, with the potential to be terminated imminently.
According to the report, there is substantial evidence indicating that the revenue generated by LTRY's subsidiaries might be fraudulent. As a result, the analysts have set their price target for LTRY at zero, reflecting a significant lack of confidence in the company's future financial stability.
