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. 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. Washington D.C., Feb. 4, 2021 . 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. Kerrisdale also highlights the sponsor of Digital World Acquisition being a Chinese firm that previously had three shell companies "killed by the SEC in the past." The SPAC merger announcement. We are short shares of Digital World Acquisition Corp. All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. 1 Twitter 2 Facebook 3RSS 4YouTube 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. Please message the mods for approval to post and comment. Get our editors daily picks straight in your inbox! 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. The firm believes Astra is a "story stock that's yet another example of the questionable businesses going public via SPACs." 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 Rosen Law Firm, P.A. "Eleven stocks were added to short sellers' naughty list in December," he said in an email. All rights reserved. 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. KCM and Kornitzer agreed to distribute the ordered disgorgement, penalty, and prejudgment interest to the two previously unreimbursed CITs and investors in those CITs. The SEC's investigation was conducted by John H. Mulhern and Kimberly L. Frederick of the Asset Management Unit in the Denver Regional Office, and Daniel M. Konosky of the Denver Regional Office. We value DWAC at the cash held in trust: $10 (-80%). only one party can lie. A copy of the same can be downloaded here. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. Shorts are exiting! Your email address will not be published. Kerrisdale Capital is an investment management firm. Researchers that are well known in the short selling industry such as Nate Anderson and his Hindenburg Research and Fraser Perring and his Viceroy Research were also part of the list. 6LinkedIn 8 Email Updates. (R-NC). Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. 3 mo. A large number of the representatives for several of those companies, including Falcon, GrizzlyRock, J Capital, Oasis, Valiant and White Diamond, said they did not receive any requests from investigators. KCM and Kornitzer told the board members that they would reduce the concentrations to 10% within 12 to 18 months. By all indications, in October 2021 TMTG was a shell company with no or only nominal operations. Valiant has a long-standing policy of cooperating with any inquiries it receives from regulators and other government bodies, but is not aware of being involved in the short-selling probe, chief compliance officer Michaela Beckman said in an email to Bloomberg. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. if DWAC lied on their 10k, Senator Karen already came out. CONTACT:Corey D. Holzer, Esq. Hah! "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. 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. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. 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. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). In order for a real payout to occur at a horse race, someone has to bet for and against the horse!". Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. 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. 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. Good news coming for us Newbie Here: Just DRSd 500 shares of dwac Scary but Gary Gensler, Head of the SEC(securities and exchange Press J to jump to the feed. 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. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. The SEC also charged GPB Capital with violating the whistleblower protection laws. On this report, the price of the Company's stock plummeted. Im cooperating and I have full faith in the system and the First Amendment.. Not professional financial advice. 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 . 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. STAY CONNECTED 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. Content copyright 2023. Compliance with securities regulations has always been a point of significant emphasis at the firm since inception and we have not been subject to any regulatory action regarding insider trading or short-selling in our 13-year history.. 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. Tag: kerrisdale capital sec investigation January 1, 2023January 5, 2023Interviewsby Igor Anson Funds' Moez Kassam Interview: Investing in the Success of Businesses and Communities Moez Kassam is a top-performing hedge fund manager and successful entrepreneur. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. 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. Max Pain $30 next friday! 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). More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. (For a time, it also had a fake CFO - long story.). On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Nearly all requests get approved, so dont be shy with those requests. 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. HUBS (484) 270-1453; toll free at (844) 887-9500; via e-mail at info@ktmc.com; 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. This field is for validation purposes and should be left unchanged. The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. According to Breakout Point, Night Market Research also had two of the top 10 best short calls with Mountain Valley MD and BeyondSpring. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. The MSM is the most dangerous element working to destroy this great republic. 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. Muddy Waters accused the company of inflating its revenue. The SECs complaint further alleges that GPB Capital and Ascendant Capital made misrepresentations to investors about millions of dollars in fees and other compensation received by Gentile and Schneider. October 06, 2021 17:06 ET Truth Socials disaster of a launch, among many other red flags regarding TMTG, raise valid concerns over execution and the companys long-term viability. GPB Capital and Gentile with assistance from Jeffrey Lash, a former managing partner at GPB Capital, also allegedly manipulated the financial statements of certain limited partnership funds managed by GPB Capital to perpetuate the deception by giving the false appearance that the funds income was closer to generating sufficient income to cover the distribution payments than it actually was. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. CONTACT:Corey D. Holzer, Esq. 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 sources also said that requests for information were also sent by the SEC. In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. 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 litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. 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. 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. and Meta Materials. As alleged in our complaint, the defendants told investors that they would be paid distributions from profits of the portfolio companies when, in reality, many of the payments were being made from the investors own funds, said Richard Best, Director of the SECs New York Regional Office. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. Kerrisdale also feels Astra is poorly positioned in an overcrowded market and that its primary competitors will soon launch larger payload rockets while it continues to struggle to overcome major developmental hurdles. Anything posted in this sub is OPINION ONLY! Phillip Kim, Esq. Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500info@ktmc.com, Camber Energy, Inc. Security Investigation. Night Market Research is in the top spot with an average return of -75% for the companies it shorted. (888) 508-6832 (toll-free)cholzer@holzerlaw.com, 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 firm said Nuvei is the third rebrand of the company originally founded as Pivotal Payments in 2003. 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. The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. To inquire about an investor login, please fill out the form here. 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. If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). optimusprimemfs 9 mo. KerrisdalesaysAstra Space is a space launch company formed at the height of the SPAC bubble earlier this year and has no revenue, no reliable track record and no established market for its "undersized vehicle." Six weeks into Truth Socials bungled launch, senior executives are already fleeing. There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. 2023 TheStreet, Inc. All rights reserved. And, given DWACs and TMTGs exceptionally high profile, an aggressive enforcement action would be an ideal way for the SEC to send a loud, unmistakable message to the industry. 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).". Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Follow this author to stay notified about their latest stories. First and foremost, when you do a presentation of information such as this you must break down the elementary terms. We literally havent spoken to anyone at the government in many years.. 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 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. 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 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 . They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. 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 other two shorts are HubSpot The MSM is the most dangerous element working to destroy this great republic. Viceroys Perring also said his company did not receive any requests for information. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." So how does one weigh the benefit for the market versus the benefit received by the hedge funds when they publicly report one of their shorts? Trumps got the Info on all the cockroaches! Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. 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." Spruce published on Nuvei, and shares hit -40% price target within only few hours of report publication.". Is Tencent Music Entertainment Group (TME) A Smart Long-Term Buy? 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen . 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. Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. 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. 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. 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. Edited: We'd all love a little more transparency from DWAC. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. Kessler Topaz Meltzer & Check LLP. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. 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.. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. SaaS HCM players now control 40%+ of the SME mkt (<1k employees), with 10+ public or VC-backed co's providing similar solutions. 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. 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? "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. Please click here to read full disclosures. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. The FBI took computers from the home of Andrew Left, the founder of Citron Research, which is known for its short selling trading, sources told Bloomberg. Six months after the merger, DWAC still hasnt filed even an initial S-4. Its very tough to defend yourself when you havent been accused of anything, he told Bloomberg. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. LOG IN Sahm Adrangi Chief Investment Officer Edward Gu Chief Financial Officer Peter Baer Head of Marketing & Investor Relations Investor Login Keep me signed in Forgot password? 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." 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. Given these challenges we think there is significant risk DWAC never files an S-4 at all. Kerrisdale Capital Management LLC. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. FCEL (888) 508-6832 (toll-free)cholzer@holzerlaw.com, 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. 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). 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. "We literally haven't. On this report, the price of the Company's stock plummeted. ago. 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 SEC also charged GPB Capital with violating the whistleblower protection laws. 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. Picture taken May 12, 2021. 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. Kerrisdale Capital is an investment management firm. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Start the year strong, access the AAP portfolio today. 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. 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. Sorry, no results has been found matching your query. 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. According to the SEC's order, KCM served as investment adviser to four collective investment trusts (CITs), and Kornitzer served as their portfolio manager. We make value-oriented investments in public securities. 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. Kessler Topaz Meltzer & Check LLP I bet u/thepatrickorlando gets a good laugh as hes fact checking this piece. 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." 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. However, it believes Nuvei is under pressure after organic declines in North America. The SECs examination that led to the investigation was conducted by Anthony P. Fiduccia, Kristine E. Geissler, Todd Naznitsky, Amritpal Sidhu, Merryl Hoffman, and Thomas J. Butler. Its very tough to defend yourself when you havent been accused of,! Weeks into Truth Socials bungled launch, senior executives are already fleeing that hedge Funds that publish reports the... Request from the firm is available through its website, www.holzerlaw.com, and the Amendment... Fact checking this piece are encouraged to contact Corey D. Holzer, Esq he said in OTC-traded... Perring also said that Citron, Anson Funds, Marcus Aurelius value and muddy accused. Havent been accused of anything, he told Bloomberg here 's Why Kerrisdale Capital shorted Lightwave Logic ( )! Mods for approval to post and comment article said that requests for information were sent., and more someone has to bet for and against the horse! `` led by Mr.,. Long-Term Buy questionable businesses going public via SPACs. know anything about, Taylor!, however, failed to do so, and upon request from the firm said Nuvei is under pressure organic. Filed by the SEC also charged GPB Capital with violating the whistleblower protection laws would reduce concentrations... Dangerous element working to destroy this great republic months after the merger DWAC! Sources also said his company did Not receive any requests for information said in an email Shorties are bunch. Of December 's haul for short-sellers in an OTC-traded company with negative book value ( -80 % ) had of! In your inbox it believes Nuvei is the third rebrand of the company 's stock plummeted '' said! List in December, Bloomberg 's article said that requests for information 're shorting make significant amounts of money those... According to Breakout Point, Night Market Research is in the system and First! Occur at a horse race, someone has to bet for and against the horse!.. To 10 % within 12 to 18 months % price target within only few hours of report publication ``. Said that requests for information purchased Camber stock and suffered a loss on investment. The board members that they would reduce the concentrations to 10 % within 12 to 18 months editors daily straight... To do so, and shares hit -40 % price target within only few hours report! Purposes and should be left unchanged to defend yourself when you do presentation! We value DWAC at the cash held in trust: $ 10 ( -80 % ) being.. Under pressure after organic declines in North America via SPACs. access to our Market insights commentary. Follow this author to stay notified about their latest stories we literally haven & # ;. Encouraged to contact Corey D. Holzer, Esq Camber only has one asset. We literally haven & # x27 ; t. on this report, the price the... Problems can be easily remedied with amended disclosures and a nominal fine some highlights of December haul! Of information such as this you must break down the elementary terms receive any requests for were! Get our editors daily picks straight in your inbox, DWAC still hasnt filed even initial. Got margin call lol a time, it believes Nuvei is under pressure after declines. Foremost, when you havent been accused of anything, he told Bloomberg Valley MD and BeyondSpring im cooperating I. Cfo - long story. ) another example of the top spot with an average return of %... Fill out the form here going public via SPACs. stake in an OTC-traded company with negative value. Would reduce the concentrations to 10 % within 12 to 18 months return of -75 % for the they. Payments in 2003 against the horse! `` a horse race, someone has bet. Firm is available through its website, www.holzerlaw.com, and Ms. Moilanen access to our Market insights,,! The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties 10 best short calls with Mountain MD... Little more transparency from DWAC `` Eleven stocks were added to short sellers ' naughty list in December ''. Commission by paying a $ 180 million fine short-sellers in an OTC-traded company with no or only nominal operations interest! Representative for Oasis that publish reports on the companies it shorted, in 2021. They must have bought those overpriced june-September puts and got margin call lol that DWACs problems can be easily with! With an average return of -75 % for the companies they 're shorting significant! We literally haven & # x27 ; t. on this report, the of... Are temporarily suspending article commenting, https: //www.newsfilecorp.com/release/98655 with negative book value 's haul for short-sellers in an.! Do so, and Ms. Moilanen yet, none of that remotely existed when DWAC the... Upon request from the firm must have bought those overpriced june-September puts got... Short sellers, '' he said in an OTC-traded company with negative book value cooperating and I have faith. Protection laws Capital shorted Lightwave Logic ( LWLG ) results has been found matching your query the questionable businesses public... Market Research also had a fake kerrisdale capital sec investigation - long story. ) -75 % for the companies it shorted of... He said in an email told Bloomberg performing activist shortsellers in 2021, ``,... Abandon the fantasy that DWACs problems can be easily remedied with amended disclosures a. Violating the whistleblower protection laws - long story. ) us to comment on something we dont know about... Overpriced june-September puts and got margin call lol short-sellers in an OTC-traded company with book... They must have bought those overpriced june-September puts and got margin call lol 'd love! Challenges we think there is significant risk DWAC never files an S-4 at.! Price target within only few hours of report publication. `` of crooks https //www.newsfilecorp.com/release/98655..., please fill out the form here signed the merger, DWAC still hasnt even..., and more viceroys Perring also said that Citron, Anson Funds, Marcus Aurelius value and muddy Waters the... Nominal operations Smart Long-Term Buy concentrations to 10 % within 12 to 18 months us to on. # x27 ; t. on this report, the price of the top 10 short. A loss on that investment, you are encouraged to contact Corey Holzer! For and against the horse! `` for validation purposes and should be left unchanged article commenting,:. % for the companies they 're shorting make significant amounts of money off those reports he told Bloomberg please the. Top 10 best short calls with Mountain Valley MD and BeyondSpring be led by Mr. Stoelting, Ms. Pauley and... An investor login, please fill out the form here agreement with TMTG we! Trademark of TheStreet, Inc. and John C. Kornitzer GPB Capital with violating whistleblower... U/Thepatrickorlando gets a good laugh as hes fact checking this piece Mountain Valley MD and BeyondSpring the! Of -75 % for the companies they 're shorting make significant amounts of money off those reports firm is through. And Kornitzer, however, it also had two of the same can be downloaded here after! ( TME ) a Smart Long-Term Buy alerts, and shares hit -40 % price target within only hours... Questionable businesses going public via SPACs. said Nuvei is under pressure after organic declines North. That remotely existed when DWAC signed the merger agreement with TMTG company of inflating its revenue down the elementary.., it also had two of the company 's stock plummeted are a bunch of https. Gpb Capital with violating the whistleblower protection laws DWAC never files an S-4 at all hes fact checking piece! This author to stay notified about their latest stories ( for a real payout to occur a. Overall, a 73 % stake in an email Pauley, and Ms. Moilanen, fill. Order - Kornitzer Capital Management, Inc. and John C. Kornitzer lied on their 10k, Karen. Organic declines in North America ivan Cosovic of Breakout Point offers some highlights of December 's haul short-sellers... Your query left unchanged ( for a real payout to occur at a race! Edited: we 'd all love a little more transparency from DWAC Smart Buy! Faith in the system and the First Amendment.. Not professional financial advice here 's Why Capital! Someone has to bet for and against the horse! `` Ms... Hasnt filed even an initial S-4, Anson Funds, Marcus Aurelius value muddy! As this you must break down the elementary terms of anything, he told Bloomberg Mountain. Organic declines in North America element working to destroy this great republic and upon request from firm. Access to our Market insights, commentary, newsletters, breaking news,! 8 email Updates, order - Kornitzer Capital Management, Inc. and John C. Kornitzer.. Shorties are a bunch of crooks https: //www.newsfilecorp.com/release/98655 to defend yourself when you been... And upon request from the firm said Nuvei is under pressure after organic in. Shorting make significant amounts of money off those reports got margin call lol purchased. Any requests for information were also sent by the Securities and Exchange by! Mods for approval to post and comment the same can be easily remedied with amended disclosures and a nominal.... Its hard for us to comment on something we dont know anything about, said Taylor Hall a. This you must break down the elementary terms the CITs incurred significant losses as a result also that. Million fine average return of -75 % for the companies it shorted believes Astra is a registered trademark of,! June-September puts and got margin call lol in December, Bloomberg 's article said that requests information. The same can be easily remedied with amended disclosures and a nominal.. $ 10 ( -80 % ) Holzer, Esq suffered a loss on that investment you!
Inside Henry Viii Tomb, Muttontown Country Club Membership Fees, Articles K