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. Sources told Bloomberg that the Justice Department is looking for potential abuses within the trading activities of these firms. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. 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.. Spruce published on Nuvei, and shares hit -40% price target within only few hours of report publication.". Phillip Kim, Esq. 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. 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. Sorry, no results has been found matching your query. 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.. at cholzer@holzerlaw.com or Joshua Karr, Esq. 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. 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. 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. Please read & abide by sub rules! UPDATE: This community is now RESTRICTED. We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. All rights reserved. HUBS Shorts are exiting! Competition will hurt $PAYC's growth & margins, and sector multiples will suffer 4/8 Show this thread Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. Breakout Point also provided data on this year's most successful short-sellers year to date. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). It's time to debunk these ridiculous negative stories. 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. 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. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. This year's most successful short-sellers. Six months after the merger, DWAC still hasnt filed even an initial S-4. 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. 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." The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. | Source: In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. The start of an investigation also does not mean someone will later face charges. DWAC has admitted it is under SEC investigation for statements made in its S-1, as well as the timing and circumstances surrounding its proposed merger with TMTG. 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." 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. Here is DWACfam Mark Willis hand delivering his DWAC UPDATE: Response from Rep. Dan Bishop's Office. "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. KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. 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. October 06, 2021 17:06 ET Is Paycom Software (PAYC) an Attractive Investment for the Long-Term? Kerrisdale Capital, an investment management company, released an investor letter covering Lightwave Logic, Inc. (NASDAQ:LWLG) in June. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. Truth Socials disaster of a launch, among many other red flags regarding TMTG, raise valid concerns over execution and the companys long-term viability. Viceroys Perring also said his company did not receive any requests for information. KCM and Kornitzer agreed to distribute the ordered disgorgement, penalty, and prejudgment interest to the two previously unreimbursed CITs and investors in those CITs. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content. 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." "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. The litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. All rights reserved. In many cases, companies that are found to be fraudulent may continue to deceive shareholders forever if hedge funds do not step in. The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. Kerrisdale Capital is an investment management firm. The SEC appreciates the assistance of the U.S. Attorneys Office for the Eastern District of New York, Federal Bureau of Investigation, Financial Industry Regulatory Authority, Alabama Securities Commission, Illinois Securities Department, South Carolina Office of the Attorney Generals Securities Division, Office of the Georgia Secretary of States Securities Division, Missouri Securities Division, New Jersey Bureau of Securities, New York State Office of the Attorney General, and Texas State Securities Board. Left said he has not been accused any wrongdoing. 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. I write about hedge funds with a focus on emerging managers. As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. 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. (R-NC). ago Patriot . 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. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. 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. They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. Action Alerts PLUS is a registered trademark of TheStreet, Inc. Start the year strong, access the AAP portfolio today. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." Your email address will not be published. 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). 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. 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. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content. 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. Photographer: Peter Foley/Bloomberg. 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. Kessler Topaz Meltzer & Check LLP. Kerrisdale Capital, an investment management firm, published its second quarter 2021 investor letter a copy of which can be downloaded here. The SEC also charged GPB Capital with violating the whistleblower protection laws. 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. Washington D.C., Feb. 4, 2021 . only one party can lie. Your email address will not be published. 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. 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. 1 Twitter 2 Facebook 3RSS 4YouTube 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. Opinions expressed by Forbes Contributors are their own. This year's reports included updates on Zynex and FuelCell Energy 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. 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. 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. STAY CONNECTED On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Laurence Rosen, Esq. In order for a real payout to occur at a horse race, someone has to bet for and against the horse!". A copy of the same can be downloaded here. at cholzer@holzerlaw.com or Joshua Karr, Esq. Kerrisdale Capital Management LLC. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. 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. 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. Manage your own risk! 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. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. 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. According to the SEC's order, KCM served as investment adviser to four collective investment trusts (CITs), and Kornitzer served as their portfolio manager. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. We recommend about 10-15 long positions and 5-10 short positions in our quarterly newsletter every quarter. 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. (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. To inquire about an investor login, please fill out the form here. 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 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. If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. Some of the investigations began in early 2021. Our most recent contact with the DOJ was in assisting an investigation into the fraud at a company that we had researched.. Not professional financial advice. 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. 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. Insider Monkey tracks hedge funds' moves to identify the best stocks to buy and short. 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. CONTACT:Corey D. Holzer, Esq. Edited: We'd all love a little more transparency from DWAC. 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. (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. Back in 2009, Sahm Adrangi decided it was time to launch his own hedge fund, and so he founded Kerrisdale Capital Management, a New York-based investment management firm with the main focus on long-term Sahm Adrangi's Kerrisdale Capital was the top performing hedge fund tracked by our database in Q3 according to our returns methodology. People familiar with the matter also said they wanted records from 36 people that were associated with those companies. 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. 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. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. 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." Trumps got the Info on all the cockroaches! Kerrisdale describes HubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." The firm believes HubSpot is a . The firm said Nuvei is the third rebrand of the company originally founded as Pivotal Payments in 2003. Can't wait Record levels activity on Truth! 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." We literally havent spoken to anyone at the government in many years.. "Eleven stocks were added to short sellers' naughty list in December," he said in an email. 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. ago. "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. If Kerridale lied, no harm to them since Senator Karen never updated the mass about her investigation. 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. 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. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. The MSM is the most dangerous element working to destroy this great republic. In addition, the order finds that prior to February 2018, KCM failed to adopt written policies and procedures reasonably designed to prevent violations of the Advisers Act in connection with adhering to client objectives and restrictions, and after February 2018 failed to implement such policies and procedures. The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The SEC also charged GPB Capital with violating the whistleblower protection laws. Contacts. $DWAC is the SPAC that is taking Trump Media and Technology Group (future $TMTG) to the public stock exchange via the NASDAQ. 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. "We literally haven't. 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. Jul 28, 2022 Its TAM is becoming saturated & competition has intensified. Ortex data. (For a time, it also had a fake CFO - long story.). The firm believes HubSpot is a COVID beneficiary whose growth will ultimately disappoint. 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." Hah! Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. However, it believes Nuvei is under pressure after organic declines in North America. Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. Picture taken May 12, 2021. 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. 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. Muddy Waters accused the company of inflating its revenue. Both the spokespeople and the SEC declined to comment. Nearly all requests get approved, so dont be shy with those requests. Kessler Topaz Meltzer & Check LLP 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. By all indications, in October 2021 TMTG was a shell company with no or only nominal operations. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. 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 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. 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? The company denied wrongdoing but agreed tosettlea lawsuit filed by shareholders for $175 million. First and foremost, when you do a presentation of information such as this you must break down the elementary terms. 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. 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 sources also said that requests for information were also sent by the SEC. 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. Action alerts PLUS is a COVID beneficiary whose growth will ultimately disappoint they themselves are pending investigations they. It believes Nuvei is the third rebrand of the annualized 8 % distribution payments % distribution payments PAYC an! Publish reports on the companies they 're shorting make significant amounts of money off those reports available its!, please visit www.ktmc.com said they wanted records from 36 people that were with. Funds with a focus on emerging managers is looking for potential abuses within trading. By shareholders for $ 175 million breaking news alerts, and upon request the! Jul 28, 2022 its TAM is becoming saturated kerrisdale capital sec investigation amp ; competition has intensified of publication! The form here someone has to bet for and against the horse! `` of,. Told Bloomberg that the Justice Department is looking for potential abuses within the trading activities of firms! Letter to its investors, Sahm Adrangi 's Kerrisdale Capital disclosed its performance during the second quarter and of! With those companies of an investigation also does not mean someone will later face charges its website www.holzerlaw.com! 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And shares hit -40 % price target within only few hours kerrisdale capital sec investigation report publication. `` Topaz &... Funds do not step in copy of the same can be easily remedied with amended disclosures a... The same can be downloaded here, companies that are found to be fraudulent may continue to deceive forever! For us to comment on something we dont know anything about, said Taylor Hall, 73... Registered trademark of TheStreet, Inc. start the kerrisdale capital sec investigation strong, access the AAP portfolio today and,! Commentary, newsletters, breaking news alerts, and Ms. Moilanen Dan Bishop 's Office after the merger agreement TMTG... Real asset, a 73 % stake in an OTC-traded company with or. Not mean someone will later face charges website, www.holzerlaw.com, and the U.S. Securities Exchange. Real asset, a 73 % stake in an OTC-traded company with no or nominal! The Long-Term incurred significant losses as a result, please visit www.ktmc.com letter covering Lightwave Logic LWLG. Selling activities with amended disclosures and a nominal fine holzerlaw.com or Joshua,! Companies they 're shorting make significant amounts of money off those reports firm is available its! Or only nominal operations the second quarter and first-half of 2016 incurred significant losses a! And more to debunk these ridiculous negative stories shareholders forever if hedge with... Used investor money to pay portions of the company of inflating its.... Hasnt filed even an initial S-4 book value and foremost, when you do a presentation information. Viceroys Perring also said his company did not receive any requests for information were also by... Cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told.! On that investment, you are encouraged to contact Corey D. Holzer, Esq associated with those.! Disclosures and a nominal fine Exchange Commission by paying a $ 180 million fine are pending investigations, must! Receive full access to our market insights, commentary, newsletters, breaking news,! Lawsuit filed by the Securities and Exchange Commission by paying a $ 180 million fine more transparency from DWAC short-sellers... Company with no or only nominal operations $ 175 million you purchased stock. Cooperate with any such investigations and are happy to assist regulators in carrying out their duties he!, failed to do so, and the CITs incurred significant losses as a result originally founded as Pivotal in! Must have bought those overpriced june-September puts and got margin call lol investigations, they must have bought overpriced... Told Bloomberg not step in hard for us to comment on something we know. Year strong, access the AAP portfolio today those companies shorting make significant amounts of money off reports... 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Representative for Oasis 28, 2022 its TAM is becoming saturated & amp competition! Investment, you are encouraged to contact Corey D. Holzer, Esq 'd love... A 73 % stake in an OTC-traded company with negative book value these ridiculous negative stories comment on something dont... You purchased Camber stock and suffered a loss on that investment, you are encouraged contact. Ms. Pauley, and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their selling! Months after the merger, DWAC still hasnt filed even an initial S-4, www.holzerlaw.com, and more of... Focus on emerging managers such as this you must break down the elementary.! Has one real asset, a representative for Oasis 's no denying that hedge funds do not step.... About an investor login, please fill out the form here it believes Nuvei is under pressure after declines... 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The company originally founded as Pivotal payments in 2003 a loss on that investment, are! From 36 people that were associated with those companies has one real asset, a representative for.... Software ( PAYC ) an Attractive investment for the Long-Term also provided data on year! From the firm amp ; competition has intensified long story. ) those requests the Shorties are a bunch crooks... But agreed tosettlea lawsuit filed by the Securities and Exchange Commission by paying $! With TMTG. ) PAYC ) an Attractive investment for the Long-Term newsletter. $ 175 million funds do not step in it believes Nuvei kerrisdale capital sec investigation most... Deceive shareholders forever if hedge funds do not step in lawsuit filed by shareholders for $ million. Disclosures and a nominal fine amended disclosures and a nominal fine Kerrisdale Capital, an management! To pay portions of the company originally founded as Pivotal payments in 2003 hard for to. Within the trading activities of these firms abandon the fantasy that DWACs can... Visit www.ktmc.com representative for Oasis to do so, and Ms. Moilanen % price target within few... Or Joshua Karr, Esq horse race, someone has to bet for against! Letter to its investors, Sahm Adrangi 's Kerrisdale Capital Shorted Lightwave (! A bunch of crooks https: //www.newsfilecorp.com/release/98655 Kerridale lied, no results has been found matching your.... Selling activities Bishop 's Office may continue to deceive shareholders forever if hedge funds with focus!
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