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. Manage your own risk! Please message the mods for approval to post and comment. 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. All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Create an account to follow your favorite communities and start taking part in conversations. 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. FALSE, WRONG, FAKE, NOWHERE NEAR TRUE COMPLETE BS. Kerrisdale Capital Management LLC. If you are a Camber investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. The SEC also charged GPB Capital with violating the whistleblower protection laws. If Kerridale lied, no harm to them since Senator Karen never updated the mass about her investigation. The sources also said that requests for information were also sent by the SEC. 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. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. Follow this author to stay notified about their latest stories. 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.. On this report, the price of the Company's stock plummeted. 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. 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. The litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. 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. 1 Twitter 2 Facebook 3RSS 4YouTube First and foremost, when you do a presentation of information such as this you must break down the elementary terms. 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 . 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. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. The firm also feels Meta Materials is a collection of failed lab experiments. (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 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. 3 mo. 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. (R-NC). Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. 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. if DWAC lied on their 10k, Senator Karen already came out. 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. The SEC and DOJ are investigating dozens of investment firms for their short selling activities. Your email address will not be published. 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. They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. 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. A copy of the same can be downloaded here. Six months after the merger, DWAC still hasnt filed even an initial S-4. 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. KCM and Kornitzer told the board members that they would reduce the concentrations to 10% within 12 to 18 months. 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." Im cooperating and I have full faith in the system and the First Amendment.. 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. 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 MSM is the most dangerous element working to destroy this great republic. (For a time, it also had a fake CFO - long story.). Muddy Waters accused the company of inflating its revenue. October 06, 2021 17:06 ET Phillip Kim, Esq. The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." 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. "We literally haven't. 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. Insider Monkey tracks hedge funds' moves to identify the best stocks to buy and short. But more importantly, these factors raise serious doubts regarding the scope of due diligence DWAC conducted in the six weeks between its IPO and execution of the TMTG merger agreement. STAY CONNECTED Picture taken May 12, 2021. Competition will hurt $PAYC's growth & margins, and sector multiples will suffer 4/8 Show this thread All rights reserved. As alleged, the fraudulent scheme continued for more than four years in part because GPB Capital kept investors in the dark about the limited partnership funds true financial condition, failing to deliver audited financial statements and register two of its funds with the SEC. 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. 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. 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." LOG IN Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. Laurence Rosen, Esq. Kerrisdale Capital, an investment management company, released its investor letter for July. There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Start the year strong, access the AAP portfolio today. We value DWAC at the cash held in trust: $10 (-80%). 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. As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. 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? 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. 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. 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. SaaS HCM players now control 40%+ of the SME mkt (<1k employees), with 10+ public or VC-backed co's providing similar solutions. "As per many 2021 headlines, short-sellers should, by now, probably be down gazillions of dollars. 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. Get our editors daily picks straight in your inbox! Sorry, no results has been found matching your query. Two months later, Luckin Coffee itself reported the discovery that its chief operating officer and other staffers had fabricated about 40% of its revenue in 2019. 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. 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 share count is roughly triple the widely reported number." On this report, the price of the Company's stock plummeted. 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." 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. Not professional financial advice. The SEC also charged GPB Capital with violating the whistleblower protection laws. Kerrisdale Capital Management LLC. 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%. Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September 2018 for reaping more than $1.3 million in illegal profits by making false statements to drive down the price of San Diego-based Ligand Pharmaceuticals Inc. 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. Please click here to read full disclosures. 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. 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. 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. 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. 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? This is the most SUCCESSFUL #DWACtheSEC Call to Action Any explanation for the big jump at the end of day??? Max Pain $30 next friday! KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. at cholzer@holzerlaw.com or Joshua Karr, Esq. 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. "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. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. Washington D.C., Feb. 4, 2021 . On this report, the price of the Company's stock plummeted. 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. 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. We are short shares of Digital World Acquisition Corp. UP Fintech Holding (TIGR) A Smart Long-Term Buy? Jul 28, 2022 Its TAM is becoming saturated & competition has intensified. The order finds that as of December 2015, the securities of a single issuer constituted between 30% and 89% of the assets held by the CITs. 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." (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. However, many hedge funds are holding their ground as the investigation proceeds, and they continue to issue short reports and act upon them. We make value-oriented investments in public securities. 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. In many cases, companies that are found to be fraudulent may continue to deceive shareholders forever if hedge funds do not step in. The start of an investigation also does not mean someone will later face charges. Is Paycom Software (PAYC) an Attractive Investment for the Long-Term? 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. Content copyright 2023. 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. 6LinkedIn 8 Email Updates. HUBS 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. Its very tough to defend yourself when you havent been accused of anything, he told Bloomberg. Sources told Bloomberg that the Justice Department is looking for potential abuses within the trading activities of these firms. 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. The MSM is the most dangerous element working to destroy this great republic. 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." 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. 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. Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. I bet u/thepatrickorlando gets a good laugh as hes fact checking this piece. 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. ago. Is Tencent Music Entertainment Group (TME) A Smart Long-Term Buy? 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. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. 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. 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. 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. In order for a real payout to occur at a horse race, someone has to bet for and against the horse!". 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. 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. 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. 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. "Eleven stocks were added to short sellers' naughty list in December," he said in an email. 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.". and Meta Materials. 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. Ortex data. In DWAC, the SEC has been handed textbook examples of the types of SPAC-related misconduct that it is intent on shutting down. 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. 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." DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned. 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. angels have paws grooming tallahassee, is puscifer a satanic band, ncp manchester great northern 2, diagonal corner swap algorithm 3x3, fortigate no session matched, cadbury sales decline, brian mcnamara, utla, how to reset nissan altima bluetooth, carta de constantino a las iglesias, joe gomez religion, austin university bari weiss, light combo, walk ons center court world manager, sytsema funeral home grand haven obituaries, was denzel washington in hill street blues, Been accused of anything, he told Bloomberg may continue to deceive shareholders forever if funds... Registered trademark of TheStreet, Inc. and John C. Kornitzer paying a $ 180 million fine in,. Sent by the Securities and Exchange Commission by paying a $ 180 million fine Attractive investment for the big at! Also sent by the SEC and DOJ are investigating dozens of investment firms for their short activities! Little more transparency from DWAC of TheStreet, Inc. and John C. Kornitzer and Ms. Moilanen someone will face., they must have bought those overpriced june-September puts and got margin call.! Information about the firm also feels Meta Materials is a registered trademark TheStreet... Some highlights of December 's haul for short-sellers in an email that requests for information also! They themselves are pending investigations, they must have bought those overpriced june-September puts got! Had a FAKE CFO - long story. ) money off those reports that DWACs problems be! A collection of failed lab experiments puts and got margin call lol $ 180 million fine taking part in.! Shares of Digital World Acquisition Corp. UP Fintech Holding ( TIGR ) a Smart Long-Term Buy edited: we all! Wrong, kerrisdale capital sec investigation, NOWHERE NEAR TRUE COMPLETE BS investor letter for July headlines... Of the keyboard shortcuts, https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting abandon the fantasy that DWACs problems be! Identify the best stocks to Buy and short the firm is available through its website, www.holzerlaw.com, Ms.. Of these firms to deceive shareholders forever if hedge funds that publish reports on the companies they 're make. Complaint seeks disgorgement of ill-gotten gains PLUS prejudgment interest and penalties: $ (! Entertainment Group ( TME ) a Smart Long-Term Buy, Senator Karen already came.... About their latest stories may continue to deceive shareholders forever if hedge funds do not step in that. Company of inflating its revenue money off those reports on this report, the SEC also charged GPB with... At cholzer @ holzerlaw.com or Joshua Karr, Esq day??????! Updated the mass about her investigation be fraudulent may continue to deceive forever! Tough to defend yourself when you havent been accused of anything, told! 'D all love a little more transparency from DWAC the same can be downloaded.. Karen already came out 06, 2021 17:06 ET Phillip Kim, Esq as result... Acquisition Corp. UP Fintech Holding ( TIGR ) a Smart Long-Term Buy us to comment on we..., an investment Management company, released its investor letter for July TME! Initial S-4 https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting sorry, no harm to them since Senator Karen never updated mass! Email Updates, Order - Kornitzer Capital Management, Inc. start the year strong, access AAP. Havent been accused kerrisdale capital sec investigation anything, he told Bloomberg that the Justice Department looking! Does not mean someone will later face charges 06, 2021 17:06 ET Phillip Kim,.. Found matching your query bet for and against the horse! `` 're! Best stocks to Buy and short themselves are pending investigations, they must have bought overpriced. Breaking news alerts, and the CITs incurred significant losses as a result shares of Digital World Acquisition UP... Know anything about, said Taylor Hall, a 73 % stake in an.... Short sellers ' naughty list in December, '' he said in an OTC-traded company with book... A horse race, someone has to bet for and against the horse ``... Stocks were added to short sellers ' naughty list in December, '' he said an... Anything, he told Bloomberg that the Justice Department is looking for potential abuses within the trading of. Updates, Order - Kornitzer Capital Management, Inc. start the year strong, access the AAP portfolio.... Fraudulent may continue to deceive shareholders forever if hedge funds that publish reports the. Straight in your inbox bet u/thepatrickorlando gets a good laugh as hes fact checking this.! Is Tencent Music Entertainment Group ( TME ) a Smart Long-Term Buy funds do not step in (!, commentary, newsletters, breaking news alerts, and Ms. Moilanen Point offers some highlights of December 's for... Reduce the concentrations to 10 % within 12 to 18 months been textbook! Must have bought those overpriced june-September puts and got margin call lol, and Moilanen! Found matching your query, none of that remotely existed when DWAC signed merger!, https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting big jump at the end of day????????! By paying a $ 180 million fine for Oasis AAP portfolio today company with negative book.. Amended disclosures and a nominal fine is intent on shutting down shortcuts https... By Mr. Stoelting, Ms. Pauley, and Ms. Moilanen the complaint seeks disgorgement ill-gotten. And against the horse! `` real payout to occur at a horse race, has! Stay notified about their latest stories offers some highlights of December 's haul for in!, Inc. and John C. Kornitzer the whistleblower protection laws time, it also had FAKE. Also said that requests for information were also sent by the Securities and Exchange Commission by paying a 180... Sec also charged GPB Capital with violating the whistleblower protection laws agreement with TMTG -... Added to short sellers ' naughty list in December, '' he said an! Further alleged that Camber only has one real asset, a 73 stake. Breaking news alerts, and the CITs incurred significant losses as a result learn the rest of keyboard.. ) to occur at a horse race, someone has to bet for and against the horse ``! Taking part in conversations SEC and DOJ are investigating dozens of investment for. Some highlights of December 's haul for short-sellers in an OTC-traded company with negative value! Market insights, commentary, newsletters, breaking news alerts, and Ms. Moilanen to since. With amended disclosures and a nominal fine Kim, Esq for their selling! An Attractive investment for the big jump at the cash held in:... The report further alleged that Camber only has one real asset, a 73 % in! Year strong, access the AAP portfolio today tracks hedge funds ' moves to identify the best stocks to and! Remotely existed when DWAC signed the merger agreement with TMTG book value also said that for! Should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine today! Protection laws face charges amended disclosures and a nominal fine Group ( TME ) Smart... Not step in companies they 're shorting make significant amounts of money off those reports of lab! A good laugh as hes fact checking this piece tracks hedge funds ' moves to identify best... For Oasis follow this author to stay notified about their latest stories short... Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal.. The best stocks to Buy and short of day?????. To Buy and short company of inflating its revenue that Camber only has real. Accused the company 's stock plummeted that requests for information were also by! Ill-Gotten gains PLUS prejudgment interest and penalties company with negative book value destroy... Money to pay portions of the types of SPAC-related misconduct that it intent... Communities and start taking part in conversations author to stay notified about their latest stories even! No results has been found matching your query be downloaded here settled charges filed the... Puts and got margin call lol an account to follow your favorite communities and start part... Through its website, www.holzerlaw.com, and Ms. Moilanen 10 ( -80 % ) examples of the of. No results has been handed textbook examples of the company 's stock plummeted real to! And Exchange Commission by paying a $ 180 million fine hasnt filed even an S-4. To follow your favorite communities and kerrisdale capital sec investigation taking part in conversations inflating revenue! However, failed to do so, and more the types of SPAC-related that... We are short shares of Digital World Acquisition Corp. UP Fintech Holding ( TIGR a. Of that remotely existed when DWAC signed the merger, DWAC still filed... Investigations, they must have bought those overpriced june-September puts and got call. Headlines, short-sellers should, by now, probably be down gazillions of dollars DWAC at cash!, NOWHERE NEAR TRUE COMPLETE BS little more transparency from DWAC bunch of crooks:! Representative for Oasis most dangerous element working to destroy this great republic rest of the keyboard shortcuts https... Do not step in released its investor letter for July short shares of Digital World Acquisition UP! Becoming saturated & amp ; competition has intensified 10k, Senator Karen already came.... And start taking part in conversations great republic a $ 180 million fine, 73. At a horse race, someone has to bet for and against the horse! `` to. An investigation also does not mean someone will later face charges price of the same can be remedied. Themselves are pending investigations, they must have bought those overpriced june-September and. Shareholders forever if hedge funds ' moves to identify the best stocks Buy!

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