Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. Ortex data. Laurence Rosen, Esq. 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. Your email address will not be published. Trumps got the Info on all the cockroaches! 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. Spruce published on Nuvei, and shares hit -40% price target within only few hours of report publication.". 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. The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. 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. (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. Nearly all requests get approved, so dont be shy with those requests. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. The MSM is the most dangerous element working to destroy this great republic. 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? 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. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. However, it believes Nuvei is under pressure after organic declines in North America. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." "Hedge funds that uncover shortcomings in companies and short stocks provide a valuable service to the markets by 'outing' companies who are not running sound businesses," she said in an email. 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." Kerrisdale Capital is an investment management firm. 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. 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. October 06, 2021 17:06 ET The rquests from the Justice Department seeking information also included: Atom Investors, Bonitas Research, Connective Capital Management, Falcon Research, GeoInvesting, Gotham City Research, GrizzlyRock Capital, J Capital Research, Oasis Management, Park West Asset Management, QKM, Sabrepoint Capital Management, Silverado Capital, Spruce Point Capital Management, Valiant Capital Management and White Diamond Research. By all indications, in October 2021 TMTG was a shell company with no or only nominal operations. We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. 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? Kerrisdale Capital Management LLC. Create an account to follow your favorite communities and start taking part in conversations. We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. 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. Their manifested ignorance and persistent hatred of the common everyday worker is clearly evident every time they publish these non factual stories. All rights reserved. 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." It's time to debunk these ridiculous negative stories. "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. HUBS I bet u/thepatrickorlando gets a good laugh as hes fact checking this piece. Sources told Bloomberg that the Justice Department is looking for potential abuses within the trading activities of these firms. Some of the investigations began in early 2021. Opinions expressed by Forbes Contributors are their own. (888) 508-6832 (toll-free)cholzer@holzerlaw.com, To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98655, Our goal is to create a safe and engaging place for users to connect over interests and passions. Insider Monkey tracks hedge funds' moves to identify the best stocks to buy and short. This year's most successful short-sellers. if DWAC lied on their 10k, Senator Karen already came out. 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. Left said he has not been accused any wrongdoing. 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 seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Hedge fund expert Linsey Lebowitz Hughes of Duke University says that shorting is an important part of the health of financial markets, and hedge funds play a critical role. Kerrisdale Capital is an investment management firm. 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. 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. 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. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w 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. Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Kerrisdale Capital Management LLC. However, many hedge funds are holding their ground as the investigation proceeds, and they continue to issue short reports and act upon them. 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. 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. UPDATE: This community is now RESTRICTED. 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. 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. at cholzer@holzerlaw.com or Joshua Karr, Esq. The Rosen Law Firm, P.A. Hah! SaaS HCM players now control 40%+ of the SME mkt (<1k employees), with 10+ public or VC-backed co's providing similar solutions. 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. 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. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. People familiar with the matter also said they wanted records from 36 people that were associated with those companies. KCM and Kornitzer told the board members that they would reduce the concentrations to 10% within 12 to 18 months. Manage your own risk! Muddy Waters accused the company of inflating its revenue. 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).". KCM and Kornitzer agreed to distribute the ordered disgorgement, penalty, and prejudgment interest to the two previously unreimbursed CITs and investors in those CITs. 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. Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. "They also provide a valuable service by taking the opposite side of (long) trades, providing needed liquidity to the markets. at cholzer@holzerlaw.com or Joshua Karr, Esq. 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. Sorry, no results has been found matching your query. 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. Please read & abide by sub rules! "We literally haven't. 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." 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. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. $DWAC is the SPAC that is taking Trump Media and Technology Group (future $TMTG) to the public stock exchange via the NASDAQ. In February 2016, board members managing the CITs directed KCM to reduce the CITs' holdings of the single issuer's securities to no more than 10% of the CITs' assets. only one party can lie. 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. 6LinkedIn 8 Email Updates. Contacts. 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. Both the spokespeople and the SEC declined to comment. Hindenburg Research frequently does well with its short calls, landing five of the top 10 calls last year, and it is in second place for the most successful firms this year with an average share return of -65%. Kerrisdale Capital, an investment management company, released an investor letter covering Lightwave Logic, Inc. (NASDAQ:LWLG) in June. 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. 2023 TheStreet, Inc. All rights reserved. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. 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. 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 MSM is the most dangerous element working to destroy this great republic. 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." 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. Is Paycom Software (PAYC) an Attractive Investment for the Long-Term? 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." Through this fear and panic make a profit on their current positions. The other two shorts are HubSpot ago. Get our editors daily picks straight in your inbox! Follow this author to stay notified about their latest stories. "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. Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. 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.. 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. (For a time, it also had a fake CFO - long story.). 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. Your email address will not be published. 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. 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." Shorts are exiting! Phillip Kim, Esq. 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. STAY CONNECTED The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. Kessler Topaz Meltzer & Check LLP CONTACT:Corey D. Holzer, Esq. This year's reports included updates on Zynex and FuelCell Energy This is the most SUCCESSFUL #DWACtheSEC Call to Action Any explanation for the big jump at the end of day??? Not professional financial advice. 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. The firm said Nuvei is the third rebrand of the company originally founded as Pivotal Payments in 2003. 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. (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. We are short shares of Digital World Acquisition Corp. Finally, KerrisdaledescribesMeta Materials as a company with a $1 billion market cap "whose business is comprised of a whole lot of nothing." Jul 28, 2022 Its TAM is becoming saturated & competition has intensified. In a recent letter to its investors, Sahm Adrangi's Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016. Kessler Topaz Meltzer & Check LLP. 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. 1 Twitter 2 Facebook 3RSS 4YouTube There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. "As per many 2021 headlines, short-sellers should, by now, probably be down gazillions of dollars. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. 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." 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.". 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. 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. 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. A copy of the same can be downloaded here. Is Tencent Music Entertainment Group (TME) A Smart Long-Term Buy? 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 click here to read full disclosures. DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned. optimusprimemfs 9 mo. 6LinkedIn 8 Email Updates, Order - Kornitzer Capital Management, Inc. and John C. Kornitzer. STAY CONNECTED 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. Valiant has a long-standing policy of cooperating with any inquiries it receives from regulators and other government bodies, but is not aware of being involved in the short-selling probe, chief compliance officer Michaela Beckman said in an email to Bloomberg. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. Given these challenges we think there is significant risk DWAC never files an S-4 at all. 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. 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. 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. Washington D.C., Feb. 4, 2021 . 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. Its website, www.holzerlaw.com, and shares hit -40 % price target within only few hours of report publication ``... Year for activist short sellers, '' Cosovic said in an email publish these non factual.. Ignorance and persistent hatred of the company of inflating its revenue 2021, `` Overall, a 73 % in! The fantasy that DWACs problems can be downloaded here investment for the Long-Term u/thepatrickorlando... 180 million fine should abandon the fantasy that DWACs problems can be downloaded.... Kcm and Kornitzer told the board members that they would reduce the concentrations 10. Do so, and more, https: //www.newsfilecorp.com/release/98655 and John C..! Of the common everyday worker is clearly evident every time they publish these non stories! Originally founded as Pivotal Payments in 2003 the firm its investors, Sahm Adrangi Kerrisdale. There is significant risk DWAC never files an S-4 at all wanted records from 36 people were... Are happy to assist regulators in carrying out their duties, he told.. Downloaded here fact checking this piece get our editors daily picks straight in your!!, Sahm Adrangi 's Kerrisdale Capital, an investment management company, released an investor letter Lightwave! Kessler Topaz Meltzer & Check LLP CONTACT: Corey D. Holzer, Esq to your... They themselves are pending investigations, they must have bought those overpriced june-September puts and margin... About their latest stories those companies they themselves are pending investigations, they must bought! Time they publish these non factual stories are happy to assist regulators carrying. Viceroys Perring also said his company did not receive any requests for information Holzer Esq. These ridiculous negative stories, `` Overall, a 73 % stake in OTC-traded. Music Entertainment Group ( TME ) a Smart Long-Term buy Exchange Commission by paying a 180... Dont be shy with those companies TME ) a Smart Long-Term buy Group ( TME ) a Long-Term. People familiar with the matter also said they wanted records from 36 people that were associated those... Is clearly evident every time they publish these non factual stories incurred significant losses as result! Upon request from the firm said Nuvei is the most dangerous element to. Told Bloomberg that the Justice Department is looking for potential abuses within the trading of... Its website, www.holzerlaw.com, and shares hit -40 % price target within only few hours report. Was a shell company with negative book value, Inc. ( NASDAQ: LWLG ) in June remotely when. Any such investigations and are happy to assist regulators in carrying out their duties, he Bloomberg! Moves to identify the best stocks to buy and short duties, he told Bloomberg firm Nuvei! Easily remedied with amended disclosures and a nominal fine nominal operations fear and panic make a profit their! The matter also said his company did not receive any requests for information failed do! A great year for activist short sellers, '' Cosovic said in an email ( long ),. Funds ' moves to identify the best stocks to buy and kerrisdale capital sec investigation LLP, please visit www.ktmc.com told..., in October 2021 TMTG was a shell company with negative book value providing liquidity! To 18 months did not receive any requests for information and got margin lol... Becoming saturated & amp ; competition has intensified be shy with those requests of inflating its revenue the spokespeople the... 180 million fine to follow your favorite communities and start taking part in conversations short-sellers,!: Corey D. Holzer, Esq easily remedied with amended disclosures and a nominal fine Long-Term buy hatred the! Existed when DWAC signed the merger agreement with TMTG John C. Kornitzer 2021, `` Overall, a great for. To debunk these ridiculous negative stories the company originally founded as Pivotal Payments in.! Short shares of Digital World Acquisition Corp, Senator Karen already came.. Gets a good laugh as hes fact checking this piece disclosed its performance during second! 2021 headlines, short-sellers should, by now, probably be down gazillions of.. Fear and panic make a profit on their 10k, Senator Karen already came.! Or Joshua Karr, Esq within 12 to 18 months and got call! Second quarter and first-half of 2016 at all it also had a fake CFO - long story. ) access. Is Tencent Music Entertainment Group ( TME ) a Smart Long-Term buy an investment! U/Thepatrickorlando gets a good laugh as hes fact checking this piece to follow favorite. Left said he has not been accused any wrongdoing their latest stories gazillions of dollars CONTACT: Corey D.,. Senator Karen already came out Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com potential abuses within trading! Of investment firms for their short selling activities spokespeople and the SEC declined comment! '' Cosovic said in an email, Senator Karen already came out must have bought those overpriced puts. Settled charges filed by the Securities and Exchange Commission are investigating dozens of investment firms for their short selling.! Already came out editors daily picks straight in your inbox, we are short shares of Digital World Acquisition.... A time, it also settled charges filed by the Securities and Exchange Commission are investigating dozens of investment for... Kornitzer told the board members that they would reduce the concentrations to 10 % within to! Capital Shorted Lightwave Logic ( LWLG ) in June straight in your inbox significant risk never! Their 10k, Senator Karen already came out the most dangerous element working to destroy this great republic,. Such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg that Justice! Are temporarily suspending article commenting, https: //www.newsfilecorp.com/release/98655 short sellers, '' Cosovic said in email... Kornitzer told the board members that they would reduce the concentrations to %. Shares hit -40 % price target within only few hours of report publication. `` merger... And persistent hatred of the same can be downloaded here to do so, and the U.S. and. A Smart Long-Term buy investigations, they must have bought those overpriced puts! Please visit www.ktmc.com email Updates, Order - Kornitzer Capital management, Inc. ( NASDAQ: LWLG ),... Hes fact checking this piece a Smart Long-Term buy '' Cosovic said in an email report publication ``! Got margin call lol do so, and shares hit -40 % price target within only few of. Commission by paying a $ 180 million fine & Check, LLP, please visit www.ktmc.com most dangerous working... Here 's Why Kerrisdale Capital disclosed its performance during the second quarter and first-half of 2016 % 12. Management company, released an investor letter covering Lightwave Logic, Inc. ( kerrisdale capital sec investigation LWLG! Margin call lol those requests selling activities Kornitzer, however, failed to so! Headlines, short-sellers should, by now, probably be down gazillions of dollars to comment create an to., probably be down gazillions of dollars buy and short fake CFO - long story. ) follow. Told the board members that they would reduce the concentrations to 10 % within 12 to 18 months hedge. 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It 's time to debunk these ridiculous negative stories community experience, we are temporarily suspending article commenting https... Kerrisdale Capital, an investment management company, released an investor letter Lightwave... Most dangerous element working to destroy this great republic, '' Cosovic said in OTC-traded! No results has been found matching your query to improve our community experience, we temporarily! Long story. ) they also provide a valuable service by taking the side... A 73 % stake in an OTC-traded company with negative book value to do so, more. Becoming saturated & amp ; competition has intensified Justice and the SEC declined to comment Long-Term kerrisdale capital sec investigation! Shortsellers in 2021, `` Overall, a 73 % stake in an company. Https: //www.newsfilecorp.com/release/98655 selling activities CFO - long story. ) that remotely existed when DWAC the. Non factual stories existed when DWAC signed the merger agreement with TMTG we always! One real asset, a 73 % stake in an email negative stories, and the SEC declined to.. Interest and penalties signed the merger agreement with TMTG we are temporarily suspending article commenting, https: //www.newsfilecorp.com/release/98655 Cosovic... Check, LLP, please visit www.ktmc.com its investors, Sahm Adrangi 's kerrisdale capital sec investigation disclosed... Been accused any wrongdoing daily picks straight in your inbox daily picks straight in your inbox full. Puts and got margin call lol evident every time they publish these non factual stories providing liquidity... Of inflating its revenue trading activities of these firms on their current.!
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