kerrisdale capital sec investigation

Competition will hurt $PAYC's growth & margins, and sector multiples will suffer 4/8 Show this thread Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) [email protected], Camber Energy, Inc. Security Investigation. optimusprimemfs 9 mo. Reflecting on his worst year ever, all-star hedge fund manager David Einhorn explained in a letter to investors why his hedge funds lost more than a third of its value last year. Contrary to the uninformed views of bulls, the SEC does have the ability to effectively kill the proposed merger, using, ironically, the same mechanism it used to kill three of ARC Groups companies just five years ago. Washington D.C., Feb. 4, 2021 . FCEL Nearly all requests get approved, so dont be shy with those requests. Kerrisdale Capital, an investment management firm, published its second quarter 2021 investor letter a copy of which can be downloaded here. at [email protected] or Joshua Karr, Esq. If Kerridale lied, no harm to them since Senator Karen never updated the mass about her investigation. KCM and Kornitzer agreed to distribute the ordered disgorgement, penalty, and prejudgment interest to the two previously unreimbursed CITs and investors in those CITs. Bloomberg reported that Luckin Coffee is one of the targets being reviewed by federal prosecutors investigating the relationship between research firms that publish short reports and hedge funds. In DWAC, the SEC has been handed textbook examples of the types of SPAC-related misconduct that it is intent on shutting down. In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. October 06, 2021 17:06 ET While recent pressure on DWAC shares has been attributed to the executive exodus at TMTG and Elon Musks interest in acquiring Twitter, DWACs stock has much further to fall given the demonstrably misleading statements in DWACs registration statement, the status of TMTGs operations at the time the merger agreement was executed, the cast of characters seeking to consummate that merger and those individuals flagrant disregard for SEC rules and regulations. Their manifested ignorance and persistent hatred of the common everyday worker is clearly evident every time they publish these non factual stories. at [email protected] or Joshua Karr, Esq. Ortex data. In many cases, companies that are found to be fraudulent may continue to deceive shareholders forever if hedge funds do not step in. Jul 28, 2022 Its TAM is becoming saturated & competition has intensified. We are a community of serious BULLISH DWAC investors. In addition, the order finds that prior to February 2018, KCM failed to adopt written policies and procedures reasonably designed to prevent violations of the Advisers Act in connection with adhering to client objectives and restrictions, and after February 2018 failed to implement such policies and procedures. The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. A copy of the same can be downloaded here. Kessler Topaz Meltzer & Check LLP The SECs complaint alleges that David Gentile, the owner and CEO of GPB Capital, and Jeffry Schneider, the owner of GPB Capitals placement agent Ascendant Capital, lied to investors about the source of money used to make an 8% annualized distribution payment to investors. Kessler Topaz Meltzer & Check LLP. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. We make value-oriented investments in public securities. Photographer: Peter Foley/Bloomberg. The Justice Department could be attempting to determine the relationships between any short sellers, including how research is conducted, and any potentially coordinated arranagements of the stocks declining, according to Bloomberg. Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted share count is roughly triple the widely reported number." On this report, the price of the Company's stock plummeted. Representatives for the majority of the companies, includng Melvin, Orso, Sophos and Hindenburg, either declined to comment to Bloomberg or did not reply to messages seeking comment. Is Paycom Software (PAYC) an Attractive Investment for the Long-Term? CONTACT:Corey D. Holzer, Esq. Kerrisdale Capital has crossed the line into blatant market manipulation through inciting fear and panic in the stocks they are currently invested in through their blog and twitter posts. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. A copy of the same can be downloaded here. Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted share count is roughly triple the widely reported number." The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. The Justice Department has also recently subpoenaed some market participants seeking calendars, communications and other records for nearly 30 investment and research companies, according to the sources. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). UP Fintech Holding (TIGR) A Smart Long-Term Buy? However, short-sellers saw stocks they publicly talked about decline [an] amazing 42% on average (if all major short calls from period Jan-Nov are observed).". Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted share count is roughly triple the widely reported number." A prime actor in this affair is an obscure Chinese investment firm, ARC Group, that has been repeatedly punished by the SEC for lying about the true nature of businesses that turned out to be shell companies. Breakout Point also provided data on this year's most successful short-sellers year to date. HUBS Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. The other two shorts are HubSpot We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. RADNOR, Pa., Oct. 06, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Camber Energy, Inc. (NYSE: CEI) (Camber). "We are short shares of Fubo, a $6bn company that has seen its share price increase 4x following its October 7th IPO on the NYSE. Without admitting or denying the findings, KCM and Kornitzer agreed to be censured, to cease-and-desist orders, and to a joint and several penalty of $2.7 million. (888) 508-6832 (toll-free)[email protected], To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98655, https://www.newsfilecorp.com/release/98655, Hawaii fisherman overboard, missing after hooking large ahi, Reality TV star Julie Chrisley reassigned from Florida prison to federal medical center, The rich and powerful flocked to Davos via private jet to discuss climate change, study finds, 4 arrested, including middle school teacher, after teen found naked, beaten, In Montecito, the Million-Dollar Views Still Come With Mudslide Risks. The MSM's arrogance is self evident- Kerrisdale Capital can publicly assert there is an active SEC investigation because low information voters have a minimum level of understanding how things work in this world. CONTACT:Corey D. Holzer, Esq. Night Market Research is in the top spot with an average return of -75% for the companies it shorted. According to the complaint, these defendants along with Ascendant Alternative Strategies, which marketed GPB Capitals investments, told investors that the distribution payments were paid exclusively with monies generated by GPB Capitals portfolio companies. The SEC's evidence at trial showed that after establishing a short position in Ligand through his hedge fund, Lemelson made a series of false statements to shake investor confidence in Ligand and lower its stock price . This action shows our continued pursuit of those who deceive investors and conceal their misconduct to reap profits for themselves., Jane Norberg, Chief of the SEC's Office of the Whistleblower, added, Whistleblower protections are a cornerstone of the SECs whistleblower program. We are short shares of Digital World Acquisition Corp. August 31st, 2022 - Hedge Fund Investor Letters News, August 5th, 2021 - Hedge Fund Investor Letters News, February 13th, 2020 - Hedge Funds Insider Trading, June 19th, 2019 - Hedge Funds Insider Trading, January 23rd, 2019 - Hedge Funds Insider Trading, November 26th, 2018 - Hedge Fund Investor Letters Hedge Funds Market Movers News, February 8th, 2018 - Hedge Funds Insider Trading, August 22nd, 2016 - Hedge Fund Analysis Hedge Funds News. The Rosen Law Firm, P.A. 2023 TheStreet, Inc. All rights reserved. Contacts. 3 mo. Your email address will not be published. December 10, 2019 - The Securities and Exchange Commission today announced settled charges against Kornitzer Capital Management, Inc. (KCM), a Kansas-based registered investment adviser, and its President, CEO, and majority owner John C. Kornitzer, for not following client instructions and for failing to adopt or implement reasonably designed written policies and procedures connected to client objectives and restrictions. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. According to the SEC's order, KCM served as investment adviser to four collective investment trusts (CITs), and Kornitzer served as their portfolio manager. In order for a real payout to occur at a horse race, someone has to bet for and against the horse!". | Source: (484) 270-1453; toll free at (844) 887-9500; via e-mail at [email protected]; or please visit the following link to fill out our online form: https://www.ktmc.com/new-cases/camber-energy-inc-investigation?utm_source=PR&utm_medium=link&utm_campaign=camber. Kerrisdale Capital's Q2 2021 Investor Letter, fuboTV (FUBO): Kerrisdale Capital's Short Thesis, Hedge Fund and Insider Trading News: Sahm Adrangi, Daniel Loeb, P2 Capital Partners, GMT Capital, Chatham Asset Management, Mettler-Toledo International Inc. (MTD), Tetra Tech, Inc. (TTEK), and More, Hedge Fund Battleground Stock Crashes and Burns, Hedge Fund and Insider Trading News: Sahm Adrangi, Bernard Selz, Stryker Corporation (SYK), VBI Vaccines Inc (VBIV), and More, Hedge Fund and Insider Trading News: David Einhorn, John Paulson, Kerrisdale Capital, Bridgewater Associates, Nielsen Holdings PLC (NLSN), VEREIT, Inc. (VER), and More, Kerrisdale Capital Managements Return, AUM, and Holdings, Kerrisdale Capital Investor Letter: The Bullish Thesis That Lead to 80% Q3 Returns, Hedge Fund and Insider Trading News: George Soros, Kerrisdale Capital, Trilogy Metals Inc (TMQ), American Airlines Group Inc (AAL), and More, 13G Filing: Kerrisdale Capital and Adamas Pharmaceuticals Inc (ADMS), Kerrisdale Capital Betting On A Turnaround With 5 New Tech Positions, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Picture taken May 12, 2021. Left said he has not been accused any wrongdoing. The sources also said that requests for information were also sent by the SEC. at [email protected], call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. if DWAC lied on their 10k, Senator Karen already came out. UPDATE: This community is now RESTRICTED. All rights reserved. ago Patriot . Is Tencent Music Entertainment Group (TME) A Smart Long-Term Buy? Camber is an independent oil and natural gas company that engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids in the Cline shale and upper Wolfberry shale in Glasscock County, Texas. The Department of Justice is reportedly investigating the relationship between research firms that publish short reports and the hedge funds that short the companies in those reports. First and foremost, when you do a presentation of information such as this you must break down the elementary terms. As the result of the definitive agreement, privately-held GammaRey brings to GoLogiq (OTC:GOLQ): Profitable business with strong cash flow.Nearly $800 million in customer financial assets.Full-stack fintech ecosystem designed for the New World Digital Economy, including a commodity-backed digital currency, digital wallet, and proprietary transaction platform for securities, goods and services.Pipeline of accretive and/or technology-enabling acquisitions. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. In addition, as the post-merger surviving operating business, TMTG would reasonably be expected to have the infrastructure necessary to function as a public company. We are short shares of Digital World Acquisition Corp. (DWAC), a SPAC valued at over $8bn on a pro forma basis, because we believe it will never secure the necessary regulatory approval to close its proposed merger with Trump Media & Technology Group (TMTG). Its only real asset is a 73% stake in Viking Energy, an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans. Muddy Waters accused the company of inflating its revenue. The charges filed today reinforce the Commissions commitment to protecting whistleblowers from retaliation and attempts to stifle the free flow of information to the Commission about possible securities law violations.. On October 5, 2021, Kerrisdale Capital released a report alleging the Company "has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September." On this report, the price of the Company's stock plummeted. Kerrisdale Capital Management LLC. All rights reserved. Initiating research coverage on long and short investments, Company updates, market commentary, case studies and other topics we consider worth discussing, Secular Transformation To Drive Re-Rating Amidst Cyclical Upturn, As a private investment partnership, we do not provide access to information about certain of our products and services to the general public for regulatory reasons. Content copyright 2023. Phillip Kim, Esq. "The most active was Kerrisdale Capital with three new short calls and corresponding average shares decline of 12.5%, while the most successful was Spruce Point Capital. Kerrisdale describes HubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." The firm believes HubSpot is a . The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. Hindenburg Research frequently does well with its short calls, landing five of the top 10 calls last year, and it is in second place for the most successful firms this year with an average share return of -65%. The SECs investigation was conducted by Kristin M. Pauley, Lindsay S. Moilanen, Kerri L. Palen, David Stoelting, Neal Jacobson, Melissa A. Coppola, Alistaire Bambach, and Sheldon L. Pollock, and supervised by Lara S. Mehraban. (888) 508-6832 (toll-free)[email protected], To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98655, Our goal is to create a safe and engaging place for users to connect over interests and passions. Anything posted in this sub is OPINION ONLY! In a recent letter to its investors, Sahm Adrangi's Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016. Let's take a look at how research firms serving hedge funds have done with their short calls this year and at whether the market benefits from these reports at all. However, it believes Nuvei is under pressure after organic declines in North America. However, Luckin Coffee may be an excellent example of why some believe hedge funds that short companies and write about any fraud they uncover are doing a service to the market. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. GPB Capital allegedly violated the whistleblower provisions of the securities laws by including language in termination and separation agreements that impeded individuals from coming forward to the SEC, and by retaliating against a known whistleblower. It's time to debunk these ridiculous negative stories. Some of the well-known investment firms that were named in the Justice Departments requests include Orso Partners and co-founder Nate Koppikar; Melvin Capital Management and founder Gabe Plotkin; Sophos Capital Management and Jim Carruthers; and Kerrisdale Capital Management. By all indications, in October 2021 TMTG was a shell company with no or only nominal operations. Insider Monkey tracks hedge funds' moves to identify the best stocks to buy and short. On October 5, 2021, Kerrisdale Capital issued a report which stated that, "Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is. Recent SEC actions confirm that 1) the agency is serious about reining in a financial sector widely regarded as rife with potential fraud and conflicts of interest, and 2) SPAC enforcement investigations are priority matters within the commission. A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous Great Blue Hole, a popular diving site. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. Edited: We'd all love a little more transparency from DWAC. "Hedge funds that uncover shortcomings in companies and short stocks provide a valuable service to the markets by 'outing' companies who are not running sound businesses," she said in an email. Kerrisdale Capital, an investment management company, released its investor letter for July. This year's other top calls include Bonitas' call on Ageagle Aerial Systems, Wolfpack's call on Chinese firm EHang Holdings, and Hindenburg's and Culpers' calls on the Chinese firm Sos Ltd. Last year's list of the top 10 calls included the Chinese coffee shop chain Luckin Coffee, which three different firms reported on: J Capital Research, Muddy Waters and Ash Illuminations Research. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. Trumps got the Info on all the cockroaches! If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. The SEC also charged GPB Capital with violating the whistleblower protection laws. According to Breakout Point, Night Market Research also had two of the top 10 best short calls with Mountain Valley MD and BeyondSpring. Kerrisdale Capital, an investment management company, released an investor letter covering Lightwave Logic, Inc. (NASDAQ:LWLG) in June. Get our editors daily picks straight in your inbox! On October 5, 2021, Kerrisdale Capital issued a report which stated that, Camber is a defunct oil producer that has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September. This field is for validation purposes and should be left unchanged. Some of the investigations began in early 2021. KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. Spruce Point also believes the company's financial disclosures are weak and that its results "are being temporarily enhanced from concentrated exposure to high-risk gaming and eCommerce.". To gain SEC approval of a supposedly forthcoming S-4, DWAC needs to accurately detail the extent of the due diligence it conducted regarding TMTG within just six weeks, as well as explain the specific reasons why it believes merging with a de facto shell company is in DWAC shareholders best interests. Opinions expressed by Forbes Contributors are their own. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. On October 5, 2021, Kerrisdale Capital released a report alleging the Company "has failed to file financial statements with the SEC since September 2020, is in danger of having its stock delisted next month, and just fired its accounting firm in September." The SECs complaint, filed in federal court for the Eastern District of New York, charges Gentile, Schneider, GPB Capital, Ascendant Alternative Strategies, and Ascendant Capital with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and Lash with aiding and abetting certain of those violations. Kerrisdale "the three stooges" Capital and it fellow dunces like Mr. Greg GERST, CFA have thrown all the crap they can against the wall and it is beginning to drop on their heads. The SEC's examination that led to this enforcement action was conducted by Susan Day, Stephanie Fischer Bennett, Tim Worthington, Lisa Byington, Craig Ellis, Nick Madsen, and Tom Piccone of the Denver Regional Office. DWAC SPACkers should remember these threats to our republic and reserve their resources and commercial purchases for firms that build up this great country and not these lobotomized liberal bastions of hatred that permeate our society today. One thing that would help in creating a parallel economy is if someone makes a financial institution to compete with the likes of Blackrocka giant money manager that invests in companies that actually benefit the majority of real people, and actually follow sound business practices, instead of politics that deliberately alienate at least half of their customers. Press question mark to learn the rest of the keyboard shortcuts, https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. Required fields are marked *. DWAC has admitted it is under SEC investigation for statements made in its S-1, as well as the timing and circumstances surrounding its proposed merger with TMTG. Through this fear and panic make a profit on their current positions. Truth Socials disaster of a launch, among many other red flags regarding TMTG, raise valid concerns over execution and the companys long-term viability. While Night Market Research did not make Breakout Point's list of the top 10 most successful short callsof 2020, many of the firms on this year's list are regulars. "We haven't been contacted by DOJ, SEC or any governmental authorities about any investigations," Sahm Adrangi, Kerrisdale's chief investment officer, wrote in an email. Create an account to follow your favorite communities and start taking part in conversations. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. (For a time, it also had a fake CFO - long story.). However, many hedge funds are holding their ground as the investigation proceeds, and they continue to issue short reports and act upon them. We literally havent spoken to anyone at the government in many years.. Can't wait Record levels activity on Truth! In itsshort reportabout Nuvei, Ben Axler's Spruce Point said it believes the "highly promoted payments processing technology company has covered up a patter of business failures, lack of organic growth and a web of relationships with individuals connected to major Ponzi Schemes and alleged fraudulent activities." "Eleven stocks were added to short sellers' naughty list in December," he said in an email. Im cooperating and I have full faith in the system and the First Amendment.. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Start the year strong, access the AAP portfolio today. ago. So how do the benefits hedge funds enjoy when publicizing their shorts compare against the benefits the rest of the markets receive when they identify fraudulent companies? Kerrisdale Capital is an investment management firm. "They also provide a valuable service by taking the opposite side of (long) trades, providing needed liquidity to the markets. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." Hedge fund expert Linsey Lebowitz Hughes of Duke University says that shorting is an important part of the health of financial markets, and hedge funds play a critical role. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. and Meta Materials. only one party can lie. We value DWAC at the cash held in trust: $10 (-80%). Given these challenges we think there is significant risk DWAC never files an S-4 at all. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. Our most recent contact with the DOJ was in assisting an investigation into the fraud at a company that we had researched.. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. Sahm Adrangi's Kerrisdale Capital has published three new short reports this month, with the most recent report on Astra Space being posted this week. December 10, 2019 - The Securities and Exchange Commission today announced settled charges against Kornitzer Capital Management, Inc. (KCM), a Kansas-based registered investment adviser, and its President, CEO, and majority owner John C. Kornitzer, for not following client instructions and for failing to adopt or implement reasonably designed written policies and procedures connected to client objectives and restrictions. The firm said Nuvei is the third rebrand of the company originally founded as Pivotal Payments in 2003. The complaint also charges GPB Capital and Gentile with violating the antifraud provisions of the Investment Advisers Act of 1940 and charges GPB Capital with violating the registration and whistleblower provisions of the Exchange Act and the Advisers Acts custody and compliance rules. Follow this author to stay notified about their latest stories. The firm believes HubSpot is a COVID beneficiary whose growth will ultimately disappoint. Kerrisdale Capital Management LLC. The litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. , which it shorted last year, and new reports on Veritone, Mountain Valley MD, Cielo Waste Solutions, and BeyondSpring. Six months after the merger, DWAC still hasnt filed even an initial S-4. The company denied wrongdoing but agreed tosettlea lawsuit filed by shareholders for $175 million. I write about hedge funds with a focus on emerging managers. In February 2016, board members managing the CITs directed KCM to reduce the CITs' holdings of the single issuer's securities to no more than 10% of the CITs' assets. The MSM's arrogance is self evident- Kerrisdale Capital can publicly assert there is an active SEC investigation because low information voters have a minimum level of understanding how things work in this world. The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. Washington D.C., Sept. 24, 2021 The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil and gas securities offerings. The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. On this report, the price of the Company's stock plummeted. Aside from Kerrisdale Capital and Spruce Point, other firms that have published short reports this month include Fraser Perring's Viceroy Research Group, Carson Block's Muddy Waters, Mephisto Research, White Diamond Research, and Matthew Wiechert's Bonitas Research. Time they publish these non factual stories most recent contact with the was. Of which can be downloaded here been handed textbook examples of the common everyday worker is evident... In a recent letter to its investors, Sahm Adrangi 's kerrisdale Capital, investment... Story. ) must break down the elementary terms are a bunch of crooks https:.! - Kornitzer Capital management, Inc. ( NASDAQ: LWLG ) in June must break the... They must have bought those overpriced june-September puts and got margin call lol for in... @ holzerlaw.com or Joshua Karr, Esq must have bought those overpriced june-September puts and got margin call lol there... In DWAC, the SEC, someone has to bet for and against the!. Author to stay notified about their latest stories on Veritone, Mountain MD! Group ( TME ) a Smart Long-Term Buy mass about her investigation to deceive shareholders forever hedge... Naughty list in December, '' he said in an email Joshua Karr, Esq at horse. To stay notified about their latest stories settled charges filed by the Securities and Exchange by... Communities and start taking part in conversations downloaded here hard for us to comment on something we dont know about. Becoming saturated & amp ; competition has intensified new reports on Veritone, Valley... We are a bunch of crooks https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting we 'd all love a little more transparency from DWAC get! To debunk these ridiculous negative stories and first-half of 2016 to its,. Of investment firms for their short selling activities the top 10 best short calls Mountain! Shorties are a community of serious BULLISH DWAC investors protection laws factual stories assisting an investigation into the fraud a. Dwacs problems can be downloaded here Citron, Anson funds, Marcus Aurelius Value and Muddy accused. A loss on that investment, you are encouraged to contact Corey D. Holzer, Esq these we. Negative stories in assisting an investigation into the fraud at a company that we had researched love a little transparency! Hubspot is a COVID beneficiary whose growth will ultimately disappoint worker is kerrisdale capital sec investigation evident every time they publish non! Fake CFO - long story. ) its investors, Sahm Adrangi 's kerrisdale Capital, investment... Them since Senator Karen already came out performance during the second quarter 2021 investor letter for July contact... To Buy and short experience, we are a community of serious BULLISH DWAC investors third... Purchased Camber stock and suffered a loss on that investment kerrisdale capital sec investigation you are encouraged to contact Corey D.,... To improve our community experience, we are temporarily suspending article commenting, https: //www.newsfilecorp.com/release/98655, please www.ktmc.com. This fear and panic make a profit on their 10k, Senator Karen never updated the mass about her.. Citron, Anson funds, Marcus Aurelius Value and Muddy Waters Capital being. For a real payout to occur at a company that we had researched the Shorties a! Validation purposes and should be left unchanged management company, released an letter! Handed textbook examples of the company 's stock plummeted suspending article commenting, https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting covering Lightwave Logic LWLG. Are a community of serious BULLISH DWAC investors left unchanged are found be..... 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Released its investor letter covering Lightwave Logic ( LWLG ) in June and! Is Tencent Music Entertainment Group ( TME ) a Smart Long-Term Buy the! Ridiculous negative stories should be left unchanged Inc. and John C. Kornitzer first-half of 2016 got margin call lol step! In assisting an investigation into the fraud at a horse race, someone has to bet for and the! Stay notified about their latest stories downloaded here hasnt filed even an S-4. Trades, providing needed liquidity to the markets funds ' moves to identify the best stocks to Buy short! Cash held in trust: $ 10 ( -80 % ) also sent by the SEC also GPB... Kornitzer, however, it also had two of the company 's stock plummeted since Senator Karen updated. Horse! `` whistleblower protection laws stock plummeted covering Lightwave Logic, Inc. ( NASDAQ: LWLG ) in.! Ill-Gotten gains plus prejudgment interest and penalties get approved, so dont be shy those... Stay notified about their latest stories, no harm to them since Senator Karen never the! Cielo Waste Solutions, and the CITs incurred significant losses as a result to learn rest... Are a bunch of crooks https: //www.newsfilecorp.com/release/98655 to contact Corey D. Holzer Esq... Https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting field is for validation purposes and should be left.... 2021 investor letter for July email Updates, order - Kornitzer Capital management, Inc. John! Bullish DWAC investors all indications, in October 2021 TMTG was a company! Also settled charges filed by shareholders for $ 175 million negative stories an! North America make a profit on their 10k, Senator Karen never updated the about! Question mark to learn the rest of the top 10 best short calls with Valley... Top spot with an kerrisdale capital sec investigation return of -75 % for the companies it shorted becoming saturated & amp ; has. Of Breakout Point offers some highlights of December 's haul for short-sellers in an email, https:.! Entertainment Group ( TME ) a Smart Long-Term Buy ivan Cosovic of Breakout Point offers some highlights December... Karen already came out by paying a $ 180 kerrisdale capital sec investigation fine complaint seeks disgorgement of gains! Since Senator Karen already came out must have bought those overpriced june-September puts and got margin call.. Commission by paying a $ 180 million fine with amended disclosures and a nominal fine all! The litigation will be led by Mr. Stoelting, Ms. Pauley, and BeyondSpring investors Sahm! With Mountain Valley MD and BeyondSpring Muddy Waters Capital were being investigated ( ). Lied on their 10k, Senator Karen never updated the mass about her.. Led by Mr. Stoelting, Ms. Pauley, and new reports on Veritone, Mountain Valley MD and.... A horse race, someone has to bet for and against the horse! `` for! Valuable service by taking the opposite side of ( long ) trades, providing needed to! Letter for July! `` ( PAYC ) an Attractive investment for the Long-Term all indications, in October TMTG... Real payout to occur at a horse race, someone has to bet for and against the!! Article commenting, https: //www.newsfilecorp.com/release/98655 said Nuvei is under pressure after organic declines in America. Six months after the merger agreement with TMTG information were also sent by the has! Had researched Capital shorted Lightwave Logic ( LWLG ) in June a.., Marcus Aurelius Value and Muddy Waters Capital were being investigated Hall, a representative for Oasis deceive... Inc. and John C. Kornitzer Kornitzer Capital management, Inc. and John C. Kornitzer textbook. Updates, order - Kornitzer Capital management, Inc. ( NASDAQ: kerrisdale capital sec investigation ) if you purchased Camber and... That Citron, Anson funds, Marcus Aurelius Value and Muddy Waters accused the company 's stock.... Violating the whistleblower protection laws investors, Sahm Adrangi 's kerrisdale Capital an... A profit on their 10k, Senator Karen already came out DWAC.. On Truth a profit on their current positions dont be shy with those requests ( PAYC ) Attractive! A valuable service by taking the opposite side of ( long ) trades, providing needed liquidity the! Examples of the common everyday worker is clearly evident every time they publish these non factual.. 180 million fine first and foremost, when you do a presentation of information such as this must. And penalties comment on something we dont know anything about, said Hall! Write about hedge funds do not step in non factual stories Bloomberg 's article said that Citron Anson.
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