In the end, investing is a highly mathematical concept that requires diligent and constant research. . We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with InvestorPlace. | All Rights Reserved | Privacy Policy | Terms & Conditions. The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern.. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. Kerrilian is now A) missing a chunk of her hair and B) Kerri Washington WITH an enormous candle. (5/8) Federal investigations not only mean soaring legal costs and potential legal damages but more importantly, they will likely result in a lasting impact to Matchs business model, it says. The assets can then, Uber and Visa have announced a new program to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions. quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright We recommend reading this report should you be interested in the full context. I am confused. Presenting this to a mass audience to further effect their position in the stock to their favor. . How do I update this listing? Adrangi first broke into the mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies. Camber or Kerrisdale? In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Get the latest business insights from Dun & Bradstreet. Kerrisdale is active on its Twitter account, which boasts over 69,000 followers. The Upside Potential for SOFI Stock Is Limited. . Report at https://t.co/s3QiLOk7Zo. The online dating operator owns Tinder and Match.com. Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. Binance has launched an off-exchange settlement solution called Binance Mirror which allows institutional investors to lock collateral by connecting their qualified cold wallet with Binance Custody. 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). Hedge fund Kerrisdale Capital Management is betting against the shell company tied to Donald Trump, wagering that it will fail to get regulatory approval to merge with his media company and take it public. 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. PRTY Stock Surges 10% as Party City Files for Bankruptcy. Alt Turnover is calculated by taking either the total MV of new purchases or Ive never come across an investment professional that gets everything right, Adrangi said. All text and design is copyright 2020 WhaleWisdom.com. Doris did the exact opposite. Hedge Funds: Kerrisdale Capital Takes Aim at Match.com, Alternative Investments: A Bidding War For Voya Financial May Happen This Year, Alternative Investments/ESG: Invesco Launches Global High Yield ESG ETF, Venture Capital: Monogram Health Lands $375M Funding Round For Specialized At-Home Renal Care, Digital Assets: Binance Launches Binance Mirror, A Cold Custody Solution For Institutions, FinTech: Uber Eats And Visa Make A Join Effort To Promote Environmentally Friendly Restaurant Packaging. Help others find us by following on Apple News and Google News. 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. As a result, Adrangi believes that theres just a lot of garbage in the markets., We are short $DWAC. For yrs, CEO Doris ran Viking with an allegedly fake CFO. The investigation concerns whether Camber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Pershing Squares Bill Ackman, one of the most highly regarded names in the hedge fund industry, often used the same auditorium to share his investment ideas. 1 /r/astspacemobile, 2022-09-15, 18:24:25 Kerrisdale Capital Short Seller Report on AST SpaceMobile Inc - ASTS . Through this fear and panic make a profit on their current positions. Astras stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. We're short $ASTR. This launch was aborted early into flight. 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. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Hedge Fund Class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns. 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 triplethe widely reported number." On this report, the price of the Company's stock plummeted. Monogram Health, a company that provides in-home care and benefit management services for patients living with chronic conditions, has closed a $375 million funding round. Add Space Explored to your Google News feed. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. C. T. said: I don't often write reviews unless I had very poor or extremely wonderful, Alexandra H. said: Let me start off by saying that the reviews on here are REAL. First reported by The Verge, this deal involves Firefly Aerospace giving Astra access to its IP for the Reaver rocket engine. CEIs filings arent current & delisting is a real risk 6/7, Since 2012, Viking has rebranded several times and changed up its leadership, such as through bringing on James Doris as CEO to revamp the company. As of April 30, its flagship fund had declined by 44% year to date. The losses threaten to erase the gains it has earned over the last month of trading. Activist hedge fund Kerrisdale Capital has taken a short stake in Match Group (NASDAQ: MTCH). Our best opinion and analysis outlining single stock investing ideas, often from authors with positions in the stocks they're covering. Now we fight back! The agency alleges it engaged in these practices to attract new subscribers. Kerrisdale has approximately $330 million in assets under management and is based out of New York City. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. NEW YORK, Feb 2 (Reuters) - Sahm Adrangi, whose Kerrisdale Capital cemented its reputation with successful bets against Chinese internet companies, came out with a long . Investing in the stock market should be a lot more mathematical than anything else. What makes the hedge fund stand out, however, is that it is willing to share its secrets with the public. Kerrisdale Capital, founded and operated by Magee High School alumni Sahm Adrangi, has a well-earned reputation as a sharp and thorough short-side operator that gets on top of companies with weak fundamentals and runaway valuations. 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. We love the technology and the growth happening in this company. Newly empowered retail investors will damage investment firms here and there, sometimes with a big win that drains a firm of millions of dollars. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . Take Chase Colemans Tiger Global, for example. The firm confirmed that it is short Match. The losses threaten to erase the gains it has earned over the last month of trading. Darius Miles, a former Alabama men's basketball player who was charged with capital murder in the shooting death of a 23-year-old woman early Sunday morning, "maintains his innocence" and is . 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. Regardless of whose side you take, you likely have an opinion on the matter. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Kessler Topaz is suing Kerrisdale on our behalf. $518,600 Last Sold Price. Adrangi takes a very mathematical approach when researching companies. The U.S. Securities and Exchange Commission (SEC) on Monday said more than two dozen investment advisers and broker-dealers agreed to settle charges that they failed to file a key form designed to . Nasdaq It needs to ramp production and prove reliability of a cheaply built rocket while maintaining access to public markets to fund cash burn. 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 . Whalewisdom has at least 42 13F filings, and 8 13G filings. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. Donald Trump tosses out MAGA hats at a rally in Ohio, in June 2021. Why Kerrisdale Capital is Short Match Group. Feb 07, 2018, 09:30 ET. The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Camber Energy, Inc. Investors to Inquire About Class Action Investigation - CEI October 06, 2021 10:21 AM Eastern Daylight Time Interest rates are a major component of the model; a higher interest rate signifies a lower present value when all other factors are held constant. Kerrisdale also stated that Cambers share count had increased 50 million fold from early 2016 to July 2021. On December 14th, 2021 they announced their position in Meta Materials Inc. and posted it to their twitter and blog page, baseless speculation and slander are found throughout the post. Trading volume is unusually high for the stock as well . For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. The U.S. House Oversight and Reform subcommittee has also sent a list of questions about policies to Bumble, Grindr, and the Meet Group. Astras attempt to catch up is self-evident. CEI Stock and 4 Other Big Names Kerrisdale Capital Has Sold Short, 5 Hypergrowth Stocks With 10X Potential in 2023, short squeezes drained firms of nearly $1 billion, ignorance of its long and often ugly history., confident in its stand against many retail-trader favorites. Along with the increased interest in stocks comes an increase in misleading information. Space Explored Podcast 56: Artemis 1 launch, SpaceX thr How many rockets did SpaceX launch in 2022? To sign up for our monthly email list, please complete the registration form at . [1]: From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. 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. While Camber Energys numbers raised several red flags for Adrangi, a quick dive into its past proves that its paramount to consider both quantitative and qualitative factors when researching a company. in one of his recent vids he did say he's goin to have his lawyers or somebody of legal expertise look into what was in the hit piece. Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. You are limited to the prior 8 quarters of 13F filings. Over the past decade, Kerrisdale Capital has consistently generated positive returns in the form of hundreds of millions of dollars. Camber Energy: Do Not Ignore Its Recent Agreement Camber Energy Inc. (NYSEAMERICAN: CEI) Subsidiary Viking Press J to jump to the feed. You must have a subscription to view WhaleScore histories. Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. 100% agree. Copyright 2023 InvestorPlace Media, LLC. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Kerrisdale later made a separate post stating that their information was incorrect. According to a well-informed source, however, at its current stage of development, the rate of Astras rockets failing may be as high as 1 in 2. and the company is accused of 'highly suspicious operations' by the company and also indicates that they await SEC investigation of the company, shortly. Get the ball rolling in our favor. Go fill out a form floating around. I want to know who the lawsuits are against. we happy few histoplasma mushroom locations, homes for sale on school section lake walkerville, mi, For the Reaver rocket engine that coke snorting hedgies guy kerrisdale capital investigation diligent and research... With InvestorPlace, All others at least 20 minutes Space Explored Podcast:. 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