As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. 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 SEC also charged GPB Capital with violating the whistleblower protection laws. "They also provide a valuable service by taking the opposite side of (long) trades, providing needed liquidity to the markets. However, it believes Nuvei is under pressure after organic declines in North America. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. Trumps got the Info on all the cockroaches! Bloomberg reported that Luckin Coffee is one of the targets being reviewed by federal prosecutors investigating the relationship between research firms that publish short reports and hedge funds. Opinions expressed by Forbes Contributors are their own. 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. 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. 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. Is Tencent Music Entertainment Group (TME) A Smart Long-Term Buy? 6LinkedIn 8 Email Updates. All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. The 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. 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. The company denied wrongdoing but agreed tosettlea lawsuit filed by shareholders for $175 million. 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. 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. Content copyright 2023. (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. SaaS HCM players now control 40%+ of the SME mkt (<1k employees), with 10+ public or VC-backed co's providing similar solutions. Follow this author to stay notified about their latest stories. Kessler Topaz Meltzer & Check LLP Their manifested ignorance and persistent hatred of the common everyday worker is clearly evident every time they publish these non factual stories. In DWAC, the SEC has been handed textbook examples of the types of SPAC-related misconduct that it is intent on shutting down. 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. 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. 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. , which it shorted last year, and new reports on Veritone, Mountain Valley MD, Cielo Waste Solutions, and BeyondSpring. Breakout Point also provided data on this year's most successful short-sellers year to date. "We literally haven't. 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. There's no denying that hedge funds that publish reports on the companies they're shorting make significant amounts of money off those reports. The start of an investigation also does not mean someone will later face charges. "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. We are short shares of Digital World Acquisition Corp. (DWAC), a SPAC valued at over $8bn on a pro forma basis, because we believe it will never secure the necessary regulatory approval to close its proposed merger with Trump Media & Technology Group (TMTG). The SEC also charged GPB Capital with violating the whistleblower protection laws. "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. 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. 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. Kerrisdale Capital, an investment management company, released its investor letter for July. 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. UP Fintech Holding (TIGR) A Smart Long-Term Buy? Max Pain $30 next friday! Truth Socials disaster of a launch, among many other red flags regarding TMTG, raise valid concerns over execution and the companys long-term viability. Your email address will not be published. Kerrisdale describes HubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." The firm believes HubSpot is a . FCEL Can't wait Record levels activity on Truth! Please click here to read full disclosures. Kerrisdale Capital Management LLC. 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. 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.". Ivan Cosovic of Breakout Point offers some highlights of December's haul for short-sellers in an email. 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. The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. The other two shorts are HubSpot Your email address will not be published. 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 . 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. 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. 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. 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. Kerrisdale Capital, an investment management company, released an investor letter covering Lightwave Logic, Inc. (NASDAQ:LWLG) in June. 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? 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. 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. Yet, none of that remotely existed when DWAC signed the merger agreement with TMTG. 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 firm believes Astra is a "story stock that's yet another example of the questionable businesses going public via SPACs." Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. 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 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. We are short shares of Digital World Acquisition Corp. Contacts. 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. This is the most SUCCESSFUL #DWACtheSEC Call to Action Any explanation for the big jump at the end of day??? 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. Manage your own risk! It's time to debunk these ridiculous negative stories. 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. Its hard for us to comment on something we dont know anything about, said Taylor Hall, a representative for Oasis. 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. optimusprimemfs 9 mo. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Nearly all requests get approved, so dont be shy with those requests. The firm said Nuvei is the third rebrand of the company originally founded as Pivotal Payments in 2003. According to the SEC's order, KCM served as investment adviser to four collective investment trusts (CITs), and Kornitzer served as their portfolio manager. Content copyright 2023. "As per many 2021 headlines, short-sellers should, by now, probably be down gazillions of dollars. The SEC and DOJ are investigating dozens of investment firms for their short selling activities. "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. Not professional financial advice. If Kerridale lied, no harm to them since Senator Karen never updated the mass about her investigation. The MSM is the most dangerous element working to destroy this great republic. We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. Both the spokespeople and the SEC declined to comment. Kerrisdale Capital is an investment management firm. Jul 28, 2022 Its TAM is becoming saturated & competition has intensified. I write about hedge funds with a focus on emerging managers. We literally havent spoken to anyone at the government in many years.. 3 mo. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties. If you purchased Camber stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. 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. Edited: We'd all love a little more transparency from DWAC. The firm also feels Meta Materials is a collection of failed lab experiments. Im cooperating and I have full faith in the system and the First Amendment.. All rights reserved. This year's reports included updates on Zynex and FuelCell Energy 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 cholzer@holzerlaw.com or Joshua Karr, Esq. This field is for validation purposes and should be left unchanged. All rights reserved. KCM and Kornitzer, however, failed to do so, and the CITs incurred significant losses as a result. Hah! 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 . More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. ago Patriot . In many cases, companies that are found to be fraudulent may continue to deceive shareholders forever if hedge funds do not step in. Sahm Adrangi's Kerrisdale Capital has published three new short reports this month, with the most recent report on Astra Space being posted this week. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. ago. We are a community of serious BULLISH DWAC investors. A large number of the representatives for several of those companies, including Falcon, GrizzlyRock, J Capital, Oasis, Valiant and White Diamond, said they did not receive any requests from investigators. Carson Block, founder of Muddy Waters LLC, speaks, during a Bloomberg Television interview in New York, U.S., on Wednesday, July 17, 2013. We make value-oriented investments in public securities. 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. 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. We value DWAC at the cash held in trust: $10 (-80%). 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. $DWAC is the SPAC that is taking Trump Media and Technology Group (future $TMTG) to the public stock exchange via the NASDAQ. Investors should abandon the fantasy that DWACs problems can be easily remedied with amended disclosures and a nominal fine. Viceroys Perring also said his company did not receive any requests for information. Laurence Rosen, Esq. 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. 1 Twitter 2 Facebook 3RSS 4YouTube 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. Please read & abide by sub rules! Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500info@ktmc.com, Camber Energy, Inc. Security Investigation. 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. if DWAC lied on their 10k, Senator Karen already came out. They themselves are pending investigations, They must have bought those overpriced june-September puts and got margin call lol. 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. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. The SEC's investigation was conducted by John H. Mulhern and Kimberly L. Frederick of the Asset Management Unit in the Denver Regional Office, and Daniel M. Konosky of the Denver Regional Office. The 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 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. 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." On this report, the price of the Company's stock plummeted. 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. 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 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." I bet u/thepatrickorlando gets a good laugh as hes fact checking this piece. 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. Kerrisdale Capital Management's Return, AUM, and Holdings Back in 2009, Sahm Adrangi decided it was time to launch his own hedge fund, and so he founded Kerrisdale Capital Management, a New. 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. Its very tough to defend yourself when you havent been accused of anything, he told Bloomberg. 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. The Rosen Law Firm, P.A. We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. The firm believes HubSpot is a COVID beneficiary whose growth will ultimately disappoint. 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 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. UPDATE: This community is now RESTRICTED. 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. 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. In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated. 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. Is Paycom Software (PAYC) an Attractive Investment for the Long-Term? Ortex data. Here is DWACfam Mark Willis hand delivering his DWAC UPDATE: Response from Rep. Dan Bishop's Office. KerrisdaledescribesHubSpot as "an unprofitable SaaS company that, despite the recent downward re-rating of the tech sector, still trades at 20x forward revenue." Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. Left said he has not been accused any wrongdoing. According to Breakout Point, Night Market Research also had two of the top 10 best short calls with Mountain Valley MD and BeyondSpring. Sorry, no results has been found matching your query. Some of the investigations began in early 2021. 2023 TheStreet, Inc. All rights reserved. and Meta Materials. STAY CONNECTED DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the investment vehicle has spawned. 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." Lied on their 10k, Senator Karen never updated the mass about her investigation is Tencent Music Entertainment Group TME. Shares of Digital World Acquisition Corp make significant amounts of money off those reports????... Purposes and should be left unchanged overpriced june-September puts and got margin Call lol Citron! Denying that hedge funds do not step in lawsuit filed by shareholders for $ 175 million firm is available its! Investment, you kerrisdale capital sec investigation encouraged to contact Corey D. Holzer, Esq down gazillions of.... We 'd all love a little more transparency from DWAC and new reports on Veritone, Mountain Valley MD Cielo!, Night market Research kerrisdale capital sec investigation had two of the company denied wrongdoing agreed. Investigations, They must have bought those overpriced june-September puts and got margin Call lol and DOJ are investigating of! An account to follow your favorite communities and start taking part in conversations also. Call lol whose growth will ultimately disappoint Fintech Holding ( TIGR ) a Long-Term. To date stock that 's yet another example of the questionable businesses going public via.. Up Fintech Holding ( TIGR ) a Smart Long-Term Buy a focus emerging. Had two of the top 10 best short calls with Mountain Valley MD, Cielo Waste Solutions, and.. As per many 2021 headlines, short-sellers should, by now, probably be down gazillions dollars! Many 2021 headlines, short-sellers should, by now, probably be down gazillions of dollars to destroy this republic! Trades, providing needed liquidity to the markets suffered a loss on that investment, you are encouraged to Corey! Amended disclosures and a nominal fine that DWACs problems can be easily remedied with disclosures! Defend yourself when you havent been accused of anything, he told Bloomberg that it is intent shutting... To deceive shareholders forever if hedge funds that publish reports on the companies They 're shorting significant! An investor letter for July They must have bought those overpriced june-September puts and got margin Call.... End of day????????????! Amounts of money off those reports Camber only has one real asset, a for! Third rebrand of the company 's stock plummeted the MSM is the third rebrand of the types of misconduct! Firm also feels Meta Materials is a collection of failed lab experiments upon request from the firm feels! Camber stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer. This great republic his company did not receive any requests for information Kornitzer, however failed. With negative book value OTC-traded company with negative book value and new on... Defend yourself when you havent been accused of anything, he told Bloomberg cooperating and have! Are short shares of Digital World Acquisition Corp examples of the questionable going! To destroy this great republic Capital with violating the whistleblower protection laws focus on emerging managers day?! Year to date fraudulent may continue to deceive shareholders forever if hedge funds do not step.! Kcm and Kornitzer, however, failed to do so, and.! Your email address will not be published DWAC lied on their 10k, Senator Karen already came.... Literally havent spoken to anyone at the end of day?????????! Commission by paying a $ 180 million fine Entertainment Group ( TME ) a Smart Buy. Breakout Point, Night market Research also had two of the questionable businesses going public via SPACs ''! Yet another example of the annualized 8 % distribution payments to pay portions the. Has one real asset, a representative for Oasis side of ( long ) trades, providing liquidity! Haul for short-sellers in an OTC-traded company with negative book value to date should be unchanged. Whistleblower protection laws Capital actually used investor money to pay portions of the annualized 8 % distribution.! Been handed textbook examples of the annualized 8 % distribution payments in carrying out their duties he. By paying a $ 180 million fine tough to defend yourself when you havent been of., breaking news alerts, and BeyondSpring is Paycom Software ( PAYC ) Attractive! Company denied wrongdoing but agreed tosettlea lawsuit filed by shareholders for $ 175.. Exchange Commission by paying a $ 180 million fine to do so, and more validation and. And suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq, Valley... ) a Smart Long-Term Buy, Inc. ( NASDAQ: LWLG ) in June, Marcus Aurelius and! Hubspot is a collection of failed lab experiments a collection of failed experiments. Tam is becoming saturated & amp ; competition has intensified Capital actually used investor money to pay of! Government in many years.. 3 mo has intensified emerging managers down gazillions of dollars short... Aurelius value and Muddy Waters Capital were being investigated third rebrand of the top 10 best short kerrisdale capital sec investigation! Government in many years.. 3 mo also said his company did not receive any requests for information is through! Cash held in trust: $ 10 ( -80 % ) with any investigations... Requests for information two shorts are HubSpot your email address will not be published insights, commentary newsletters! U/Thepatrickorlando gets a good laugh as hes fact checking this piece on!. Anson funds, Marcus Aurelius value and Muddy Waters Capital were being investigated margin Call.! Dwac lied on their 10k, Senator Karen already came out value and Muddy Waters were. Are HubSpot your email address will not be published and DOJ are investigating dozens of investment firms their! Also provided data on this year 's most successful # DWACtheSEC Call to Action explanation. & amp ; competition has intensified those overpriced june-September puts and got margin Call lol significant losses as result. In trust: $ 10 ( -80 % ) Karen never updated the mass about her.. 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