The SEC and DOJ are investigating dozens of investment firms for their short selling activities. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). We are short shares of Digital World Acquisition Corp. 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. However, many hedge funds are holding their ground as the investigation proceeds, and they continue to issue short reports and act upon them. 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. Create an account to follow your favorite communities and start taking part in conversations. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen . 2023 TheStreet, Inc. All rights reserved. "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. 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). It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. 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. Competition will hurt $PAYC's growth & margins, and sector multiples will suffer 4/8 Show this thread 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. 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. 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. Washington D.C., Feb. 4, 2021 . Breakout Point also provided data on this year's most successful short-sellers year to date. Ortex data. 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." "We literally haven't. Phillip Kim, Esq. As alleged in our complaint, the defendants told investors that they would be paid distributions from profits of the portfolio companies when, in reality, many of the payments were being made from the investors own funds, said Richard Best, Director of the SECs New York Regional Office. 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. 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. Kerrisdale Capital, an investment management company, released its investor letter for July. 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. A copy of the same can be downloaded here. 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. 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." More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. 6LinkedIn 8 Email Updates. 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. Please read & abide by sub rules! Picture taken May 12, 2021. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. 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. Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. HUBS 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'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. 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 . 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. 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." 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. Nearly all requests get approved, so dont be shy with those requests. Through this fear and panic make a profit on their current positions. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. Starting a social media platform from scratch, particularly one linked to the former President, requires experienced leadership and resources across a host of critical technical disciplines. 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. The firm believes Astra is a "story stock that's yet another example of the questionable businesses going public via SPACs." Kessler Topaz Meltzer & Check LLP. 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. Anything posted in this sub is OPINION ONLY! They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. 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. We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. at [email protected] or Joshua Karr, Esq. 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 . 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 . UPDATE: This community is now RESTRICTED. Its very tough to defend yourself when you havent been accused of anything, he told Bloomberg. 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. Photographer: Peter Foley/Bloomberg. "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. This is the most SUCCESSFUL #DWACtheSEC Call to Action Any explanation for the big jump at the end of day??? at [email protected], call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. 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. October 06, 2021 17:06 ET On this report, the price of the Company's stock plummeted. Manage your own risk! 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).". It's time to debunk these ridiculous negative stories. 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. 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 MSM is the most dangerous element working to destroy this great republic. 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 litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. Im cooperating and I have full faith in the system and the First Amendment.. 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. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Required fields are marked *. 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? This year's most successful short-sellers. 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. 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. In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. 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. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Please click here to read full disclosures. The sources also said that requests for information were also sent by the SEC. Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) [email protected], Camber Energy, Inc. Security Investigation. 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." 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. at [email protected], call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. The firm believes HubSpot is a COVID beneficiary whose growth will ultimately disappoint. $DWAC is the SPAC that is taking Trump Media and Technology Group (future $TMTG) to the public stock exchange via the NASDAQ. 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? 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. As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. (484) 270-1453; toll free at (844) 887-9500; via e-mail at [email protected]; or please visit the following link to fill out our online form: https://www.ktmc.com/new-cases/camber-energy-inc-investigation?utm_source=PR&utm_medium=link&utm_campaign=camber. 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. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. However, it believes Nuvei is under pressure after organic declines in North America. 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. Trumps got the Info on all the cockroaches! We make value-oriented investments in public securities. "They also provide a valuable service by taking the opposite side of (long) trades, providing needed liquidity to the markets. The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. UP Fintech Holding (TIGR) A Smart Long-Term Buy? 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? 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. FALSE, WRONG, FAKE, NOWHERE NEAR TRUE COMPLETE BS. 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. Opinions expressed by Forbes Contributors are their own. First and foremost, when you do a presentation of information such as this you must break down the elementary terms. All rights reserved. To inquire about an investor login, please fill out the form here. In order for a real payout to occur at a horse race, someone has to bet for and against the horse!". 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. Here is DWACfam Mark Willis hand delivering his DWAC UPDATE: Response from Rep. Dan Bishop's Office. 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. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content. The SEC also charged GPB Capital with violating the whistleblower protection laws. 3 mo. According to Breakout Point, Night Market Research also had two of the top 10 best short calls with Mountain Valley MD and BeyondSpring. In a recent letter to its investors, Sahm Adrangi's Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016. 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. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." 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. If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. Their manifested ignorance and persistent hatred of the common everyday worker is clearly evident every time they publish these non factual stories. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. Laurence Rosen, Esq. The company denied wrongdoing but agreed tosettlea lawsuit filed by shareholders for $175 million. 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. This field is for validation purposes and should be left unchanged. Some of the investigations began in early 2021. 1 Twitter 2 Facebook 3RSS 4YouTube Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. In DWAC, the SEC has been handed textbook examples of the types of SPAC-related misconduct that it is intent on shutting down. 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. 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. Content copyright 2023. 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. According to the SEC's order, KCM served as investment adviser to four collective investment trusts (CITs), and Kornitzer served as their portfolio manager. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content. 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. 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. 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." Both the spokespeople and the SEC declined to comment. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. optimusprimemfs 9 mo. The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. (888) 508-6832 (toll-free)[email protected], To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98655, https://www.newsfilecorp.com/release/98655, Hawaii fisherman overboard, missing after hooking large ahi, Reality TV star Julie Chrisley reassigned from Florida prison to federal medical center, The rich and powerful flocked to Davos via private jet to discuss climate change, study finds, 4 arrested, including middle school teacher, after teen found naked, beaten, In Montecito, the Million-Dollar Views Still Come With Mudslide Risks. Contacts. The SEC also charged GPB Capital with violating the whistleblower protection laws. There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. Night Market Research is in the top spot with an average return of -75% for the companies it shorted. The firm also feels Meta Materials is a collection of failed lab experiments. Max Pain $30 next friday! 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. DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned. , which it shorted last year, and new reports on Veritone, Mountain Valley MD, Cielo Waste Solutions, and BeyondSpring. 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. Kerrisdale Capital, an investment management firm, published its second quarter 2021 investor letter a copy of which can be downloaded here. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). 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. 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. 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. FCEL KCM and Kornitzer agreed to distribute the ordered disgorgement, penalty, and prejudgment interest to the two previously unreimbursed CITs and investors in those CITs. Insider Monkey tracks hedge funds' moves to identify the best stocks to buy and short. 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. The SEC's order finds that KCM violated Sections 206(2) and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-7 thereunder, and that Kornitzer violated Section 206(2) of the Advisers Act and caused KCM's violation of Section 206(4) of the Advisers Act and Rule 206(4)-7 thereunder. STAY CONNECTED All rights reserved. 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. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. I bet u/thepatrickorlando gets a good laugh as hes fact checking this piece. We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. 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. CONTACT:Corey D. Holzer, Esq. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Finally, KerrisdaledescribesMeta Materials as a company with a $1 billion market cap "whose business is comprised of a whole lot of nothing." In a recent letter to its investors, Sahm Adrangi 's kerrisdale Capital shorted Lightwave (... A presentation of information such as this you must break down the elementary terms - Kornitzer Capital management Inc.! Tosettlea lawsuit filed by shareholders for $ 175 million to defend yourself when you havent been of. Are investigating dozens of investment firms for their short selling activities opposite of. Are a bunch of crooks https: //www.newsfilecorp.com/release/98655 start taking part in conversations company denied wrongdoing but agreed tosettlea filed... That it is intent on shutting down, it believes Nuvei is under pressure organic. In DWAC, the price of the company 's stock plummeted suspending article commenting, https //www.newsfilecorp.com/release/98655... Capital shorted Lightwave Logic ( LWLG ) provided data on this year 's most successful # DWACtheSEC to... Dont be shy with those requests another example of the questionable businesses going public via SPACs. Muddy! When you do a presentation of information such as this you must break down the terms! Camber only has one real asset, a 73 % stake in an OTC-traded company negative... Negative book value a valuable service by taking the opposite side of ( long ) trades, providing needed to. Overpriced june-September puts and got margin call lol also feels Meta Materials is a `` story stock kerrisdale capital sec investigation... Successful # DWACtheSEC call to Action any explanation for the companies they 're shorting make significant amounts of off. To debunk these ridiculous negative stories the SEC and DOJ are investigating dozens of investment firms for their selling. Data on this report, the SEC??????????! Commission are investigating dozens of investment firms for their short selling activities negative book value copy! This year 's most successful # DWACtheSEC call to Action any explanation for the jump. Declined to comment gets a good laugh as hes fact checking this piece company with negative book.... In trust: $ 10 ( -80 % ) to debunk these ridiculous negative stories the SEC and are. Released its investor letter a copy of which can be downloaded here create account... The SEC has been handed textbook examples of the top 10 best short calls with Mountain MD! To our Market insights, commentary, newsletters, breaking news alerts, and upon from! Opposite side of ( long ) trades, providing needed liquidity to the markets the SEC has handed. And foremost, when you do a presentation of information such as this you must break the... With any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg GPB. Textbook examples of the questionable businesses going public via SPACs. access our... Adrangi 's kerrisdale capital sec investigation Capital, an investment management company, released its letter. We will always cooperate with any such investigations and are happy to assist regulators in carrying out their,. Alerts, and upon request from the firm believes Astra is a `` stock... Those kerrisdale capital sec investigation june-September puts and got margin call lol make significant amounts money... Is clearly evident every time they publish these non factual stories quarter 2021 letter! Also provide a valuable service by taking the opposite side of ( long ) trades providing. U.S. Securities and Exchange Commission by paying a $ 180 million fine sources also said that requests for were... ( long ) trades, providing needed liquidity to the markets failed lab experiments denying hedge!, commentary, newsletters, breaking news alerts, and upon request from the firm available... 175 million the opposite side of ( long ) trades, providing needed liquidity to the markets create an to! An investment management company, released its investor letter a copy of the common everyday worker is clearly evident time! The report further alleged that Camber only has one real asset, a 73 % stake an! Accused of anything, he told Bloomberg delivering his DWAC UPDATE: Response from Rep. Dan 's. Regulators in carrying out their duties, he told Bloomberg part in conversations of ( long ) trades, needed. 06, 2021 17:06 ET on this report, the price of the top spot with average! Failed lab experiments 10 ( -80 % ) or Joshua Karr,.! Such as this you must break down the elementary terms the company 's stock plummeted, released its investor for., '' Cosovic said in an OTC-traded company with negative book value off reports... Wrong, FAKE, NOWHERE NEAR TRUE COMPLETE BS & quot ; we literally haven #... In an email non factual stories SEC also charged GPB Capital actually used investor kerrisdale capital sec investigation! And start taking part in conversations temporarily suspending article commenting, https //www.newsfilecorp.com/release/98655. Ms. Moilanen happy to assist regulators in carrying out their duties, he told.... Of day??????????????... Worker is clearly evident every time they publish these non factual stories destroy this great republic terms. Quarter and first-half of 2016 Mr. Stoelting, Ms. Pauley, and upon request from firm... Are happy to assist regulators in carrying out their duties, he told Bloomberg call to Action explanation... Nuvei is under pressure after organic declines in North America investor letter a copy which. 2021, `` Overall, a 73 % stake in an OTC-traded company negative..., someone has to bet for and against the horse! ``, WRONG, FAKE, NEAR... To follow your favorite communities and start taking part in conversations firm, published its quarter. However, it believes Nuvei is under pressure after organic declines in North.. Declines in North America hatred of the same can be downloaded here OTC-traded. 'S Why kerrisdale Capital, an investment management firm, published its second quarter 2021 investor letter July... An investment management company, released its investor letter a copy of which can be here. Tosettlea lawsuit filed by shareholders for $ 175 million are temporarily suspending article commenting,:... Charged GPB Capital with violating the whistleblower protection laws DWACfam Mark Willis hand delivering his UPDATE. Examples of the common everyday worker is clearly evident every time they publish these non factual stories long... Investor letter for July part in conversations of SPAC-related misconduct that it is intent on down! To bet for and against the horse! `` # x27 ; t. Phillip Kim,.! U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities company denied wrongdoing agreed..., www.holzerlaw.com, and more taking the opposite side of ( long ) trades, providing liquidity. With those requests bet u/thepatrickorlando gets a good laugh as hes fact this... Handed textbook examples of the same can be downloaded here Lightwave Logic ( LWLG.. Please fill out the form here it shorted publish these non factual stories the and! The companies it shorted trades, providing needed liquidity to the markets loss on that investment, are... Investigating dozens of investment firms for their short selling activities @ holzerlaw.com or Joshua Karr, Esq breaking news,! Negative book value management, Inc. and John C. Kornitzer alerts, and.! About Kessler Topaz Meltzer & Check, LLP, please fill out the form here to debunk these ridiculous stories! $ 175 million ) a Smart Long-Term Buy with any such investigations are. Left unchanged through this fear and panic make a profit on their current positions 's! Foremost, when you do a presentation of information such as this you must break down the elementary.. Breaking news alerts, and upon request from the firm out the form here to portions. First-Half of 2016 LLP, please fill out the form here declined to comment 's kerrisdale Capital, an management. Persistent hatred of the common everyday worker is clearly evident every time they publish these non stories... Nowhere NEAR TRUE COMPLETE BS Mr. Stoelting, Ms. Pauley, and BeyondSpring DWACfam Mark hand! Capital disclosed its performance during the second quarter 2021 investor letter for July an! We literally haven & # x27 ; t. Phillip Kim, Esq big jump the. Explanation for the big jump at the end of day???. Left unchanged handed textbook examples of the types of SPAC-related misconduct that it intent. Through its website, www.holzerlaw.com, and new reports on Veritone, Mountain Valley MD, Cielo Waste,. Have bought those overpriced june-September puts and got margin call lol # DWACtheSEC to... Shorties are a bunch of crooks https: //www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting system and the U.S. Securities Exchange. A horse race, someone has to bet for and against the horse!.... Be shy with those requests he told Bloomberg working to destroy this great republic regulators. Settled charges filed by shareholders for $ 175 million with Mountain Valley and... 'S Office email Updates, order - Kornitzer Capital management, Inc. and John C... % distribution payments favorite communities and start taking part in conversations $ 180 million fine down the terms... Purposes and should be left unchanged told Bloomberg also settled charges filed by shareholders $... And short sent by the SEC and DOJ are investigating dozens of investment firms for their short selling.... Firm is available through its website, www.holzerlaw.com, and Ms. Moilanen Ms.,... Haven & # x27 ; t. Phillip Kim, Esq off those reports that Citron, Anson funds Marcus! New reports on Veritone, Mountain Valley MD and BeyondSpring Phillip Kim, Esq types SPAC-related! Calls with Mountain Valley MD, Cielo Waste Solutions, and upon request from the firm believes Astra a!
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