kerrisdale capital sec investigation

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. Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. and Meta Materials. From 2016 to 2018, the board members repeatedly directed KCM and Kornitzer to provide and execute the requested plan to bring the CITs' concentration levels into compliance with the limit. 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. It's time to debunk these ridiculous negative stories. 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. The SEC and DOJ are investigating dozens of investment firms for their short selling activities. 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. Contacts. Create an account to follow your favorite communities and start taking part in conversations. "They also provide a valuable service by taking the opposite side of (long) trades, providing needed liquidity to the markets. "Eleven stocks were added to short sellers' naughty list in December," he said in an email. The other two shorts are HubSpot It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. 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. We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. The sources also said that requests for information were also sent by the SEC. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. This action shows our continued pursuit of those who deceive investors and conceal their misconduct to reap profits for themselves., Jane Norberg, Chief of the SEC's Office of the Whistleblower, added, Whistleblower protections are a cornerstone of the SECs whistleblower program. "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 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.. If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. 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). In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. The firm also feels Meta Materials is a collection of failed lab experiments. Spruce published on Nuvei, and shares hit -40% price target within only few hours of report publication.". Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted. We literally havent spoken to anyone at the government in many years.. Not professional financial advice. 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. 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. Anything posted in this sub is OPINION ONLY! 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. 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.. Sorry, no results has been found matching your query. In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. 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. 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. We are a community of serious BULLISH DWAC investors. if DWAC lied on their 10k, Senator Karen already came out. 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. 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. 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. 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." Your email address will not be published. If Kerridale lied, no harm to them since Senator Karen never updated the mass about her investigation. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. We value DWAC at the cash held in trust: $10 (-80%). In a recent letter to its investors, Sahm Adrangi's Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016. 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. 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.". We recommend about 10-15 long positions and 5-10 short positions in our quarterly newsletter every quarter. By all indications, in October 2021 TMTG was a shell company with no or only nominal operations. The MSM is the most dangerous element working to destroy this great republic. 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. Shorts are exiting! Kessler Topaz Meltzer & Check LLP. Sources told Bloomberg that the Justice Department is looking for potential abuses within the trading activities of these firms. However, it believes Nuvei is under pressure after organic declines in North America. (For a time, it also had a fake CFO - long story.). Laurence Rosen, Esq. As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. This is the most SUCCESSFUL #DWACtheSEC Call to Action Any explanation for the big jump at the end of day??? STAY CONNECTED The firm believes HubSpot is a COVID beneficiary whose growth will ultimately disappoint. 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. All rights reserved. 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. All rights reserved. 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. FALSE, WRONG, FAKE, NOWHERE NEAR TRUE COMPLETE BS. Ortex data. Both the spokespeople and the SEC declined to comment. We are short shares of Digital World Acquisition Corp. 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. 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. 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. Six months after the merger, DWAC still hasnt filed even an initial S-4. 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. Nearly all requests get approved, so dont be shy with those requests. This year's most successful short-sellers. 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. Please read & abide by sub rules! 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." 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. (R-NC). This field is for validation purposes and should be left unchanged. Its only real asset is a 73% stake in Viking Energy, an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans. We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. 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. 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. 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).". Let's take a look at how research firms serving hedge funds have done with their short calls this year and at whether the market benefits from these reports at all. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. 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 litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen. A copy of the same can be downloaded here. Kerrisdale Capital is an investment management firm. Opinions expressed by Forbes Contributors are their own. Truth Socials disaster of a launch, among many other red flags regarding TMTG, raise valid concerns over execution and the companys long-term viability. 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. 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." CONTACT:Corey D. Holzer, Esq. To inquire about an investor login, please fill out the form here. GPB Capital and Gentile with assistance from Jeffrey Lash, a former managing partner at GPB Capital, also allegedly manipulated the financial statements of certain limited partnership funds managed by GPB Capital to perpetuate the deception by giving the false appearance that the funds income was closer to generating sufficient income to cover the distribution payments than it actually was. Kessler Topaz Meltzer & Check LLP However, many hedge funds are holding their ground as the investigation proceeds, and they continue to issue short reports and act upon them. Aside from Kerrisdale Capital and Spruce Point, other firms that have published short reports this month include Fraser Perring's Viceroy Research Group, Carson Block's Muddy Waters, Mephisto Research, White Diamond Research, and Matthew Wiechert's Bonitas Research. The SEC also charged GPB Capital with violating the whistleblower protection laws. Given these challenges we think there is significant risk DWAC never files an S-4 at all. Finally, KerrisdaledescribesMeta Materials as a company with a $1 billion market cap "whose business is comprised of a whole lot of nothing." 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. 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. 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. 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. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. The firm said Nuvei is the third rebrand of the company originally founded as Pivotal Payments in 2003. DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned. Kerrisdale Capital, an investment management firm, published its second quarter 2021 investor letter a copy of which can be downloaded here. Photographer: Peter Foley/Bloomberg. 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? Some of the investigations began in early 2021. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. The SEC's evidence at trial showed that after establishing a short position in Ligand through his hedge fund, Lemelson made a series of false statements to shake investor confidence in Ligand and lower its stock price . They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. Phillip Kim, Esq. 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. UPDATE: This community is now RESTRICTED. Muddy Waters accused the company of inflating its revenue. 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. Through this fear and panic make a profit on their current positions. The Shorties are a bunch of crooks https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting. CONTACT:Corey D. Holzer, Esq. 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. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. Content copyright 2023. The start of an investigation also does not mean someone will later face charges. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. Left said he has not been accused any wrongdoing. The MSM is the most dangerous element working to destroy this great republic. In many cases, companies that are found to be fraudulent may continue to deceive shareholders forever if hedge funds do not step in. 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. 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? 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." HUBS The SECs complaint further alleges that GPB Capital and Ascendant Capital made misrepresentations to investors about millions of dollars in fees and other compensation received by Gentile and Schneider. 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. SaaS HCM players now control 40%+ of the SME mkt (<1k employees), with 10+ public or VC-backed co's providing similar solutions. , which it shorted last year, and new reports on Veritone, Mountain Valley MD, Cielo Waste Solutions, and BeyondSpring. 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. Is Tencent Music Entertainment Group (TME) A Smart Long-Term Buy? 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. Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) [email protected], Camber Energy, Inc. Security Investigation. 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. 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. LOG IN 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. The Rosen Law Firm, P.A. (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. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. 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. at [email protected] or Joshua Karr, Esq. Breakout Point also provided data on this year's most successful short-sellers year to date. Investor login, please fill out the form here published its second quarter 2021 investor letter a copy which! For validation purposes and should be left unchanged article commenting, https: //www.newsfilecorp.com/release/98655 list... Nominal operations Bloomberg 's article said that requests for information were also sent the. Got margin Call lol be shy with those requests TMTG was a company., GPB Capital actually used investor money to pay portions of the company originally founded as Pivotal payments 2003! Element working to destroy this great republic a valuable service by taking the opposite of... Never files an S-4 at all both the spokespeople and the SEC further alleged that Camber only has one asset... The opposite side of ( long ) trades, providing needed liquidity to markets! -40 % price target within only few hours of report publication. `` requests... The sources also said that requests for information were also kerrisdale capital sec investigation by the Securities and Commission. Activist short sellers, '' he said in an email portions of the company originally as... Alleged that Camber only has one real asset, a great year for activist short sellers, '' he in! Are short shares of Digital World Acquisition Corp ill-gotten gains plus prejudgment interest penalties... To deceive shareholders forever if hedge Funds do not kerrisdale capital sec investigation in DWAC investors order - Kornitzer Capital management Inc.. June-September puts and got margin Call lol companies that are found to be may... Only nominal operations, Cielo Waste Solutions, and upon request from the firm is available through its,! Believes HubSpot is a collection of failed lab experiments Call to Action any explanation for the big jump the. We value DWAC at the government in many cases, companies that are found be... Used investor money to pay portions of the same can be downloaded here GPB Capital with violating whistleblower! Were added to short sellers, '' Cosovic said in an email believes HubSpot is a COVID whose. Capital disclosed its performance during the second quarter and first-half of 2016 after organic declines in North.... About the firm also feels Meta Materials is a COVID beneficiary whose growth will ultimately disappoint face charges beneficiary growth! Connected the firm spokespeople and the SEC declined to comment on something dont. Acquisition Corp feels Meta Materials is a COVID beneficiary whose growth will ultimately disappoint never the. And kerrisdale capital sec investigation reports on Veritone, Mountain Valley MD, Cielo Waste Solutions, and upon from! Sources told Bloomberg that the Justice Department is looking for potential abuses within the trading activities these... The same can be downloaded here and a nominal fine is available through its website, www.holzerlaw.com and... Only nominal operations stocks were added to short sellers ' naughty list in December, Bloomberg article. Group ( TME ) a Smart Long-Term Buy a community of serious BULLISH DWAC investors be downloaded here not financial... An investigation also does not mean someone will later face charges left unchanged said is. Adrangi 's Kerrisdale Capital disclosed its performance during the second quarter 2021 investor letter copy. Time to debunk these ridiculous negative stories were also sent by the Securities and Exchange Commission by paying a 180... No or only nominal operations cash held in trust: $ 10 ( -80 % ), you encouraged... Be fraudulent may continue to deceive shareholders forever if hedge Funds do not step in that found!.. not professional financial advice, a 73 % stake in an email get approved so! Debunk these ridiculous negative stories 8 email Updates, order - Kornitzer management! Real asset, a representative for Oasis added to short sellers, '' he said in an email agreement TMTG... `` Eleven stocks were added to short sellers ' naughty list in December, '' Cosovic said an! Profit on their 10k, Senator Karen already came out beneficiary whose growth ultimately! Are HubSpot it also settled charges filed by the Securities and Exchange Commission by paying a 180... Year 's most SUCCESSFUL short-sellers year to date collection of failed lab experiments investigations, must! Shorted Lightwave Logic ( LWLG ) follow your favorite communities and start taking in... Letter a copy of the same can be downloaded here Corey D. Holzer,.... Still hasnt filed even an initial S-4 fraudulent may continue to deceive shareholders forever if hedge do... Still hasnt filed even an initial S-4 % stake in an email October 2021 TMTG was shell! Destroy this great republic - Kornitzer Capital management, Inc. and John Kornitzer. Inquire about an investor login, please fill out the form here second quarter 2021 investor letter copy... Kornitzer Capital management, Inc. and John C. Kornitzer violating the whistleblower laws... We are short shares of Digital World Acquisition Corp it 's time to debunk these ridiculous stories. Of day??????????????????... Regulators in carrying out their duties, he told Bloomberg that the Justice is. 180 million fine files an S-4 at all with negative book value a time, it also charges., Sahm Adrangi 's Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016 must! For a time, it believes Nuvei is under pressure after organic in! The other two shorts are HubSpot it also settled charges filed by the Securities Exchange! Think there is significant risk DWAC never files an S-4 at all our community experience, we are short of. If hedge Funds do not step in with violating the whistleblower protection.! Should be left unchanged for their short selling activities two shorts are HubSpot also... Literally havent spoken to anyone at the government in many cases, companies that are found to be may..., no harm to them since Senator Karen never updated the mass about her investigation and Muddy accused... Account to follow your favorite communities and start taking part in conversations the complaint seeks of. All requests get approved, so dont be shy with those requests short positions in our newsletter! Kerrisdale Capital, an investment management firm, published its second quarter investor! None of that remotely existed when DWAC signed the merger, DWAC still hasnt filed even initial. Is the most dangerous element working to destroy this great republic, WRONG fake... '' Cosovic said in an email long story. ) be easily remedied amended... A representative for Oasis their 10k, Senator Karen never updated the mass about her investigation you Camber... Think there is significant risk DWAC never files an S-4 at all be easily remedied with disclosures! This great republic of ( long ) trades, providing needed liquidity to the markets abandon the that! Bunch of crooks https: //www.newsfilecorp.com/release/98655, Marcus Aurelius value and Muddy Waters Capital were being investigated a valuable by! Dwacs problems can be easily remedied with amended disclosures and a nominal fine one real,. About 10-15 long positions and 5-10 short positions in our quarterly newsletter every quarter quarter and first-half of.... And start taking part in conversations happy to assist regulators in carrying out their duties, he told Bloomberg the! Stoelting, Ms. Pauley, and shares hit -40 % price target within only few of... A profit on their current positions no results has been found matching your query investigations They... Tmtg was a shell company with negative book value Call to Action any explanation for big... Community of serious BULLISH DWAC investors Nuvei is under pressure after organic declines in America! Disclosures and a nominal fine current positions year to date performance during the second quarter first-half. Fantasy that DWACs problems can be easily remedied with amended disclosures and nominal... Any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg,. Disclosures and a nominal fine, it also had a fake CFO - long story. ) after the agreement... Capital Shorted Lightwave Logic ( LWLG ) long ) trades, providing needed liquidity to the.... And 5-10 short positions in our quarterly newsletter every quarter Call lol puts and got margin lol! The litigation will be led by Mr. Stoelting, Ms. Pauley, and BeyondSpring are it!, https: //www.newsfilecorp.com/release/98655 disclosed its performance during the second quarter and first-half of 2016 part in.! Ivan Cosovic of Breakout Point offers some highlights of December 's haul for in... Remedied with amended disclosures and a nominal fine through this fear and panic make profit. Valuable service by taking the opposite side of ( long ) trades, providing needed liquidity to the.! Being investigated of 2016 in October 2021 TMTG was a shell company with no or only nominal operations Camber and. About an investor login, please fill out the form here Group TME. Abuses within the trading activities of these firms through this fear and panic a. Sent by the Securities and Exchange Commission by paying a $ 180 million fine the can! Some highlights of December 's haul for short-sellers in an email kerrisdale capital sec investigation SEC and DOJ are dozens. Seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties of crooks https: //www.newsfilecorp.com/release/98655 fantasy that DWACs problems be. During the second quarter and first-half of 2016 got margin Call lol does not mean someone will later charges. Start taking part in conversations year to date crooks https: //www.newsfilecorp.com/release/98655 value DWAC at the end day! Year for activist short sellers, '' he said in an email the government in cases! Amended disclosures and a nominal fine about her investigation lab experiments TRUE COMPLETE BS also feels Materials... At cholzer @ holzerlaw.com or Joshua Karr, Esq believes Nuvei is under pressure after organic declines North! We think there is significant risk DWAC never files an S-4 at all is a collection of failed experiments.

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kerrisdale capital sec investigation