Magnitude International looks like another harmless small-cap contractor out of Singapore. But dig even a millimeter beneath the surface and the story flips fast. What Wall Street was sold as an “electrical engineering growth company” is, in our view, a Cayman wrapper stuffed with BVI shells, last-minute insider enrichment, fabricated investors, collapsing fundamentals, and an IPO structure built for one purpose — to let insiders cash out while the public holds the bag. BMF Reports spent weeks dissecting MAGH’s filings, tracing nominee entities, cross-referencing shell companies, and interviewing industry sources. What we uncovered is not a normal microcap, not an overlooked gem — but something far more engineered. The warning signs are everywhere: Offshore shells receiving penny-priced shares days before IPO filing A chairman dumping stock directly into the IPO 8.8 million insider shares pre-registered for resale — $35M of silent exit liquidity A fake “investor” whose website steals photos from a UK construction firm Audit oversight by a PCAOB-censured firm FY2025 financials collapsing — hidden until after retail bought in This isn’t speculation. It’s in the filings. It’s in the SEC comment letters. It’s in the corporate registry footprints. And it paints the picture of a company investors should approach with extreme caution.
