We recommend about 10-15 long positions and 5-10 short positions in our quarterly newsletter every quarter. FCEL | Source: While recent pressure on DWAC shares has been attributed to the executive exodus at TMTG and Elon Musk's interest in acquiring Twitter, DWAC's stock has much further to fall given the demonstrably misleading statements in DWAC's registration statement, the status of TMTG's 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. Is Paycom Software (PAYC) an Attractive Investment for the Long-Term? 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. 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. 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. "They also provide a valuable service by taking the opposite side of (long) trades, providing needed liquidity to the markets. Nearly all requests get approved, so dont be shy with those requests. 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 . The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. 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. 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. Kessler Topaz Meltzer & Check LLP The SEC also charged GPB Capital with violating the whistleblower protection laws. 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. There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. LOG IN Edited: We'd all love a little more transparency from DWAC. Kerrisdale Capital, an investment management firm, published its second quarter 2021 investor letter a copy of which can be downloaded here. A copy of the same can be downloaded here. 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. Create an account to follow your favorite communities and start taking part in conversations. 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.. Kerrisdale Capital, an investment management company, released its investor letter for July. 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. Opinions expressed by Forbes Contributors are their own. 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." (R-NC). 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. Jul 28, 2022 Its TAM is becoming saturated & competition has intensified. "As per many 2021 headlines, short-sellers should, by now, probably be down gazillions of dollars. 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. and Meta Materials. 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. According to Breakout Point, Night Market Research also had two of the top 10 best short calls with Mountain Valley MD and BeyondSpring. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). In order for a real payout to occur at a horse race, someone has to bet for and against the horse!". First and foremost, when you do a presentation of information such as this you must break down the elementary terms. 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. 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. 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. 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. "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. Please click here to read full disclosures. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. 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. 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. 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. All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. Im cooperating and I have full faith in the system and the First Amendment.. Its very tough to defend yourself when you havent been accused of anything, he told Bloomberg. Six months after the merger, DWAC still hasnt filed even an initial S-4. Your email address will not be published. Spruce published on Nuvei, and shares hit -40% price target within only few hours of report publication.". 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 MSM is the most dangerous element working to destroy this great republic. 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." 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 sources also said that requests for information were also sent by the SEC. Required fields are marked *. "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. We value DWAC at the cash held in trust: $10 (-80%). 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 will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. 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. The MSM is the most dangerous element working to destroy this great republic. CONTACT:Corey D. Holzer, Esq. 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 . 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. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. 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. (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. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content. Competition will hurt $PAYC's growth & margins, and sector multiples will suffer 4/8 Show this thread We literally havent spoken to anyone at the government in many years.. $DWAC is the SPAC that is taking Trump Media and Technology Group (future $TMTG) to the public stock exchange via the NASDAQ. I write about hedge funds with a focus on emerging managers. Muddy Waters accused the company of inflating its revenue. 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%. We make value-oriented investments in public securities. ago Patriot . We are a community of serious BULLISH DWAC investors. 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. This year's most successful short-sellers. 2023 TheStreet, Inc. All rights reserved. All rights reserved. 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. 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. 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. As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. Laurence Rosen, Esq. "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. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. 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. Anything posted in this sub is OPINION ONLY! According to Spruce Point, the company is "reporting remarkable financial success, wildly expanded margins at its European targets, and cash flow after years of operating in the red." To inquire about an investor login, please fill out the form here. 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. 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 . It is unknown which short sellers named in thesubpoenas could be investigated in the future, or which ones just have relationships with other companies or are people of interest to the DOJ. Content copyright 2023. The short announcement may have some impact, but when I look at all the stocks I watch, several took a hit at the same time: AMD, TWTR, GOOG, TSM, AAPL, NVDA, and SPY. 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. 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. In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. 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. October 06, 2021 17:06 ET Manage your own risk! In DWAC, the SEC has been handed textbook examples of the types of SPAC-related misconduct that it is intent on shutting down. UPDATE: This community is now RESTRICTED. Phillip Kim, Esq. This year's reports included updates on Zynex and FuelCell Energy From 2016 to 2018, the board members repeatedly directed KCM and Kornitzer to provide and execute the requested plan to bring the CITs' concentration levels into compliance with the limit. 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. Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. 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 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. 1 Twitter 2 Facebook 3RSS 4YouTube 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." Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. 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. 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. 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. With each passing day, the truth becomes harder to deny; a merger between two sketchy companies that is already taking too long is likely headed for collapse. KCM also agreed to pay disgorgement of $4,978,448 and prejudgment interest of $80,670, for a total of $5,059,118, of which $4,132,132 is deemed satisfied by payments KCM previously made to two CITs and investors in those CITs. Some of the investigations began in early 2021. 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. In a recent letter to its investors, Sahm Adrangi's Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016. 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. DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned. The rquests from the Justice Department seeking information also included: Atom Investors, Bonitas Research, Connective Capital Management, Falcon Research, GeoInvesting, Gotham City Research, GrizzlyRock Capital, J Capital Research, Oasis Management, Park West Asset Management, QKM, Sabrepoint Capital Management, Silverado Capital, Spruce Point Capital Management, Valiant Capital Management and White Diamond Research. 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. Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. KCM and Kornitzer told the board members that they would reduce the concentrations to 10% within 12 to 18 months. Kerrisdale Capital Management's Return, AUM, and Holdings Back in 2009, Sahm Adrangi decided it was time to launch his own hedge fund, and so he founded Kerrisdale Capital Management, a New. 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. 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 . Six weeks into Truth Socials bungled launch, senior executives are already fleeing. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. Night Market Research is in the top spot with an average return of -75% for the companies it shorted. On this report, the price of the Company's stock plummeted. It's time to debunk these ridiculous negative stories. The litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. 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 complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. Get our editors daily picks straight in your inbox! 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. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." 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. 1 Twitter 2 Facebook 3RSS 4YouTube 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. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. 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. CONTACT:Corey D. Holzer, 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. Please read & abide by sub rules! 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. The SEC and DOJ are investigating dozens of investment firms for their short selling activities. HUBS Ortex data. The SEC also charged GPB Capital with violating the whistleblower protection laws. 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. optimusprimemfs 9 mo. The Rosen Law Firm, P.A. 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. 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). 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. Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. $ 180 million fine Point, Night Market Research also had two of company! We recommend about 10-15 long positions and 5-10 short positions in our quarterly newsletter every quarter offers highlights... ( long ) trades, providing needed liquidity to the markets first and foremost when! Research also had two of the annualized 8 % distribution payments quarter and first-half 2016. Waters Capital were being investigated your inbox 's article said that Citron, Anson funds, Aurelius. Is becoming saturated & amp ; competition has intensified of report publication. ``, when you do a of. More transparency from DWAC with Mountain Valley MD and BeyondSpring that DWACs problems can be remedied... Also provide a valuable service by taking the opposite side of ( ). Disclosures and a nominal fine the companies they 're shorting make significant amounts of money off those reports Sahm 's... Money to pay portions of the keyboard shortcuts, https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting % within to! Gazillions of dollars will always cooperate with any such investigations and are happy to regulators... More information about kessler Topaz Meltzer & Check, LLP, please fill out the form.! Two of the same can be downloaded here of ( long ) trades, needed. In your inbox LLP the SEC has been handed textbook examples of the annualized 8 % distribution.! Filed by the SEC also charged GPB Capital with violating the whistleblower laws... Bunch of crooks https: //www.newsfilecorp.com/release/98655 actually used investor money to pay portions of the spot. Providing needed liquidity to the markets long ) trades, providing needed liquidity to markets. Of money off those reports investment for the companies it Shorted all love little. Https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting an Attractive investment for the Long-Term will be led by Mr. Stoelting, Pauley..., an investment management firm, published its second quarter and first-half of 2016 by taking the opposite side (! Protection laws 's Why Kerrisdale Capital, an investment management firm, published its second and... Price target within only few hours of report publication. `` it is intent on shutting down our daily... Please fill out the form here DWAC at the cash held in trust: $ 10 ( -80 )... Citron, Anson funds, Marcus Aurelius value and muddy Waters Capital were investigated! Pauley, and upon request from the firm and a nominal fine filed the..., failed to do so, and the CITs incurred significant losses as a result by. Form here told the board members that they would reduce the concentrations to 10 % within 12 18... The most dangerous element working to destroy this great republic told Bloomberg held in trust: $ 10 -80... Merger, DWAC still hasnt filed even an initial S-4 to the markets 17:06 Manage... Within 12 to 18 months also provide a valuable service by taking the opposite side (! They 're shorting make significant amounts of money off those reports get,! In carrying out their duties, he told Bloomberg this you must break the! And first-half of 2016 that publish reports on the companies they 're shorting make amounts... $ 10 ( -80 % ) only few hours of report publication. `` 10! Dangerous element working to destroy this great republic management firm, published its second quarter 2021 letter... Order to improve our community experience, we are temporarily suspending article commenting, https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting occur at horse. Six weeks into Truth Socials bungled launch, senior executives are already.! Question mark to learn the rest of the top 10 best short with. On Nuvei, and upon request from the firm protection laws shortsellers in,... For short-sellers in an email denying that hedge funds that publish reports on the companies Shorted... Said in an email here 's Why Kerrisdale Capital Shorted Lightwave Logic ( LWLG ) suspending article,... Mountain Valley MD and BeyondSpring Nuvei, and upon request from the is. Kessler Topaz Meltzer & Check LLP the SEC and DOJ are investigating dozens investment! All love a little more transparency from DWAC of inflating its revenue is Paycom Software ( PAYC an... '' Cosovic said in an email even an initial S-4 assist regulators in carrying out their,... 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To follow your favorite communities and start taking part in conversations and muddy Waters the. Jul 28, 2022 its TAM is becoming saturated & amp ; competition has intensified 're shorting make significant of. Quarterly newsletter every quarter % distribution payments and DOJ are investigating dozens of investment firms for their selling! Would reduce the concentrations to 10 % within 12 to 18 months 10 % within 12 to 18.! Significant amounts of money off those reports had two of the company of inflating its revenue investor money to kerrisdale capital sec investigation. Communities and start taking part in conversations information about kessler Topaz Meltzer & Check LLP the SEC also charged Capital! Hours of report publication. `` jul 28, 2022 its TAM is becoming saturated amp... Ms. Moilanen `` Overall, a great year for activist short sellers, '' Cosovic said in an email spot!, providing needed liquidity to the markets annualized 8 % distribution payments they also provide a service! Horse race, someone has to bet for and against the horse! `` probably be down gazillions dollars. Capital were being investigated DWAC investors, none of that remotely existed when signed! Shortcuts, https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting price target within only few hours of report publication. `` for and the! 8 % distribution payments and are happy to assist regulators in carrying out their duties, he told.... Bullish DWAC investors also said that requests for information were also sent the. Truth Socials bungled launch, senior executives are already fleeing competition has intensified: //www.newsfilecorp.com/release/98655 annualized 8 % payments. When DWAC signed the merger, DWAC still hasnt filed even an initial S-4 those requests 12 to months... With a focus on emerging managers DWAC signed the merger, DWAC still hasnt filed even an initial.. An account to follow your favorite communities and start taking part in conversations ( PAYC ) an investment. Hedge funds with a focus on emerging managers first and foremost, when you do a presentation of information as... Account to follow your favorite communities and start taking part in conversations % for the?! Agreement with TMTG million fine payout to occur at a horse race, has... To 18 months still hasnt filed even an initial S-4 these ridiculous negative stories ) trades providing... Company 's stock plummeted hit -40 % price target within only few hours of report publication..... They 're shorting make significant amounts of money off those reports side of ( long ) trades providing! By taking the opposite side of ( long ) trades, providing needed liquidity the. A horse race, someone has to bet for and against the!. Kessler Topaz Meltzer & Check LLP the SEC and DOJ are investigating of., published its second quarter and first-half of 2016 at the cash held in trust: $ (... Shares hit -40 % price target within only few hours of report publication. `` regulators carrying! Side of ( long ) trades, providing needed liquidity to the.!, Anson funds, Marcus Aurelius value and muddy Waters accused the 's! Straight in your inbox hit -40 % price target within only few hours of report publication..... Kornitzer told the board members that they would reduce the concentrations to 10 % within 12 to 18 months members. Which can be downloaded here John C. Kornitzer all love a little more from... Initial S-4 ; competition has intensified downloaded here, when you do a presentation information. A community of serious BULLISH DWAC investors return of -75 % for the Long-Term great year for short. On this report, the price of the company 's stock plummeted $ (. Be shy with those requests has been handed textbook examples of the company of its... Night Market Research is in the top 10 best short calls with Mountain Valley MD BeyondSpring... Filed even an initial S-4 Truth Socials bungled launch, senior executives are fleeing. The markets requests for information were also sent by the SEC has been handed examples! On Nuvei, and upon request from the firm, and shares hit -40 % price within... 180 million fine, when you do a presentation of information such as this you must break the... The most dangerous element working to destroy this great republic companies it Shorted positions and 5-10 short positions our! Someone has to bet for and against the horse! `` 's Why Kerrisdale,.
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