Doris did the exact opposite. Shop onAmazonto support Space Explored Writers. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . Announcing the report with a series of cheeky tweets, calling the play absurd and littering the main points with emojis, the firm is flying in the face of what CEI bulls and meme traders alike want to see. But what plays beside CEI stock are these firms shorting? Find company research, competitor information, contact details & financial data for Kerrisdale Capital Management, LLC of New York, NY. Kerrisdale made its name in 2011 pointing out that a rash of Chinese companies being listed in the US to take . 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. The space-travel darling is a favorite of investors looking to push the envelope of travel, but Kerrisdale remains unconvinced. Following its first successful launch to orbit, the company announced its first launch from Florida. 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. Activist hedge fund Kerrisdale Capital has taken a short stake in Match Group (NASDAQ: MTCH). Directly support Jared by joining hisPatreon(recurring support), or donate throughKo-Fi(one-off support). We believe $DWAC will never secure regulatory approval to close its proposed merger with Trump Media & Tech Group. Eddie Pan specializes in institutional investments and insider activity. (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. Remember the Alamo!!!!! Report avail at https://t.co/Tdwm1bSFni. Get the latest business insights from Dun & Bradstreet. 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. As a result, Adrangi believes that theres just a lot of garbage in the markets., We are short $DWAC. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. All rights reserved. They wouldn't file against Camber unless they have massive proof of everything. Share count dilution has the effect of decreasing a shareholders ownership of a company due to the issuance of new equity, which in turn can reduce the stock price. When completed, an email will be sent to the email address you specify On the platform, Kerrisdale seeks to promote market efficiency, as well as to trigger discussions in the stocks that we write about.. As a result, investors should prepare for the possibility of an extended, high-inflationary environment. Kerrisdale Advisers has met the qualifications for inclusion in our WhaleScore system. They are shit. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Chinese Canadians are a sizable part of the population in Greater Vancouver, especially in the Chinese communities in the city of Vancouver and the adjoining suburban city of Rich Kerrisdale Advisers's largest holding is Valaris Ltd with shares held of 555,046. The scathing report levies a number of accusations of fraud, firings and misrepresentation. A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. This field is for validation purposes and should be left unchanged. I want to know who the lawsuits are against. "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. SEC form, multiple filers or classes of filers, and much more.***. 3 reviews of Kerrisdale Capital "Unethical company ran by a man with a history of drug and alcohol problems! Oftentimes, the hedge fund uses Twitter and Twitter Spaces as a way to engage with everyday investors. However he also remarked that easing inflation and adequate supply chains may be a long time from now. The largest religious group in Vancouver City is those with no religious affiliation, as is the case for the Vancouver CMA (Census Metropolitan Area), and for BC as a whole. he's very engaging on twitter. It should be noted that I am not a Financial Advisor, and this is not financial advice. Adrangi thinks its reasonable that a recession will occur in the next year due to rising interest rates that may detrimentally affect the U.S. housing market. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. Valued at $2 billion, Astra Space is working on its launch vehicle to carry payloads up to 500kg to orbit. Viking has seen multiple auditors quit, with most recent change a chilling 3 wks ago. If it's kerrsdale great! Don't need proof they just have to push hard enough to get camber to settle out of court. Turning back to the Camber short report, Adrangi points out that Cambers only real asset is a 73% stake in, 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, . The agency alleges it engaged in these practices to attract new subscribers. Ive never come across an investment professional that gets everything right, Adrangi said. 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. Maybe four or five years from now.. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. Ft. 1759 Carrera Cir, Medford, OR 97504. Turning back to the Camber short report, Adrangi points out that Cambers only real asset is a 73% stake in Viking Energy (OTCMKTS:VKIN), therefore, Camber is effectively a bet on Viking. Additionally, Viking also had a shady history that ultimately factored into Kerrisdale taking a short position against the company. September. Performance This will increase competition within this market and Astra may not be in a position to compete. It needs to ramp production and prove reliability of a cheaply built rocket while maintaining access to public markets to fund cash burn. Man CEI is on the map pull your heads out of your asses we're getting paid hold.plus innovative technology that can save our planet sell and be that guy that sold Amazon in their early stages. Kerrisdale later made a separate post stating that their information was incorrect. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. Newly empowered retail investors will damage investment firms here and there, sometimes with a big win that drains a firm of millions of dollars. We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with, and gave a three-hour-long presentation to investors on why. SUBSCRIBE Recent Posts. How Is That a Good Thing? Initiating research coverage on long and short investments AST SpaceMobile, Inc. (ASTS) Unconnected from Reality. Facing a 91m share lockup expiry tmrw, $ASTR is 2021s worst space SPAC: a $2b pre-rev launch co, announced at height of the bubble, bleeding cash trying to build hundreds of puny, unreliable rockets for a nonexistent mkt 1/7, Kerrisdale Capital (@KerrisdaleCap) December 29, 2021. Astra also has plans to build its own satellite constellation in the future. I wanna know who they are against. Bill Ackman, one of the most highly regarded names in the hedge fund industry, often used the same auditorium to share his investment ideas. 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. Kerrisdale is notorious for its high-quality and brazen short reports. Astras upcoming NASA launch, expected NET January 2022, will be a big test. Do NOT trust your money to them! . Press question mark to learn the rest of the keyboard shortcuts. VIEW MORE. Report at https://t.co/s3QiLOk7Zo. This petition starter stood up and took action. for 2024 and 2025, respectively. Equal-WTWhaleScore 2.0 Nasdaq PRTY Stock Surges 10% as Party City Files for Bankruptcy. Trading volume is unusually high for the stock as well . Today, the fund manages over $550 million. Tag: kerrisdale capital sec investigation. From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. Being there is a HUGE investigation going on right now. 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. Sahm Adrangi, founder and chief investment officer of Kerrisdale Capital, was reportedly arrested early Saturday on . In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. We will see what becomes of this investigation and whether Astra Space will have to pay out investor losses. Over the past decade, Kerrisdale Capital has consistently generated positive returns in the form of hundreds of millions of dollars. Camber Energy (NYSE:CEI) is one of the newest contentious plays between Wall Street and meme traders, thanks to a short report by Kerrisdale Capital. 100% agree. Finally, Match Group isnt the only online dating operator facing government scrutiny. 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. Nearby Recently Sold Homes. Moez Kassam is a top-performing hedge fund manager and successful entrepreneur. We recommend reading this report should you be interested in the full context. Article printed from InvestorPlace Media, https://investorplace.com/2021/10/cei-stock-and-4-other-big-names-kerrisdale-capital-has-sold-short/. What makes the hedge fund stand out, however, is that it is willing to share its secrets with the public. containing a link to download the .zip file of the CSV file(s) you requested. Astras attempt to catch up is self-evident. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. United States Investors with Funds Raised in 2016 . . Our best opinion and analysis outlining single stock investing ideas, often from authors with positions in the stocks they're covering. Why Kerrisdale Capital is Short Match Group. Vancouver (/ v n k u v r / van-KOO-vr) is a major city in western Canada, located in the Lower Mainland region of British Columbia.As the most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. And if not ambulance chasers it is possible that lawyers were hired to cause a stir. From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. Louis Navellier and the InvestorPlace Research Staff. To sign up for our monthly email list, please complete the registration form at . The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern.. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. 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. Multiple industry executives we interviewed, who routinely secure launch services for small satellite manufacturers on a global basis, agree that Astras rocket dimensions and payload capacity are well below the sweet spot of customer needs. for KERRISDALE ADVISERS, LLC, Top 20 equal-weighted holdings. 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. 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. Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. Kerrisdale doesnt always rent out fancy auditoriums to share its research. For yrs, CEO Doris ran Viking with an allegedly fake CFO. Copyright 2023 InvestorPlace Media, LLC. Sie knnen Ihre Einstellungen jederzeit ndern. For example, Astras financial projections relied on 165 and 300 rocket launches for 2024 and 2025, respectively. You must have a subscription to view WhaleScore histories. As a result, Adrangi believes that theres just a lot of garbage in the markets., Adrangis latest short reports focus on names that are popular with retail investors, such as. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Camber or Kerrisdale? Report avail at https://t.co/mIscXnnEmd. 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. Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities and a top 10 holdings concentration of 48.51%. Along with the increased interest in stocks comes an increase in misleading information. We, Asad C. said: After doing my own taxes for a number of years, I turned to Louie to, Victor M. said: My family and I have done our taxes at this location for two years in, Charmaine Robin - State Farm Insurance Agent, Naomi J. said: I just relocated back to New York. Now we fight back! Kessler Topaz is suing Kerrisdale on our behalf. Investment firm Kerrisdale Capital released a short report on Lightwave Logic Inc (NASDAQ: LWLG) on Thursday, describing the company as a "failure" and stating that it "has been . 2022. Historically, the Federal Reserve has combated inflation by raising interest rates, which in turn can lead to lower equity prices across the board. S&P 500WhaleScore This isn't the first time they have used this tactic. All of this now faces a problem and that is that investment research firm Kerrisdale Capital this week published a serious 22-page indictment on this project. 2.5 Baths. 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 . Astra is falling behind its competitors. The Wall Street institution is releasing its short report on popular meme stock play Camber Energy today, and its incensing retail traders. As InvestorPlace contributor Chris MacDonald reports, the report goes so far as to suggest CEI will see delisting in the next month. 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 . How do I update this listing? 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. A crash, some coke and now this hedge-funder's driver's license is on ice. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Kerrisdale is shorting CEI, and it's rubbing its position in the face of meme-stock investors. HTTP://KERRISDALECAP.COM/ DWAC gave misleading statements in registration documents and the high-profile nature of its potential combination with the former presidents company, Trump Media & Technology Group, is an ideal way for regulators to send a message to the broader industry, it said. 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. Throughout the past decade, Kerrisdale hasnt lost its touch for flair. And soon, the company will have just been a dream too. (5/8) 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 . In the field where it asks "Please choose the general topic of your message: CHOOSE "OTHER" at the VERY . Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. divided by the total MV of the fund. Luke Lango will reveal how you could start collecting cash payouts like $4,600 in 48 days or $12,000 in 21 days, without touching risky options or any other confusing investments. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Kerrisdale Advisers is a hedge fund with 4 clients and discretionary assets under management (AUM) of $1,147,424,779 (Form ADV from 2022-05-02). Subscribe to our free newsletter for updates and news about alternatives investments. Still, even some of the most experienced hedge fund managers have been caught off guard by this years sharp decline in the market. When SEC asked then-chairman Simeo if the CFO was made up, he pled the 5th. ? Kerrigan Preview Skin missing for Widowmaker. Adrangi isnt sure how inflation will play out in the future, but he stated that at some point, inflation will ease and supply chain challenges will resolve. Kerrisdale Capital - Sahm Adrangi assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey 1 /r/astspacemobile, 2022-09-15, 18:24:25 Kerrisdale Capital Short Seller Report on AST SpaceMobile Inc - ASTS . Feb 8, 2022 5:36 PM EST. quotes delayed at least 15 minutes, all others at least 20 minutes. 703 Number of Organizations $8.1B Total Funding Amount 240 Number of Investors. Kerrisdale Capital also looks at the small launch vehicle market with upcoming providers like Relativity, ABL, and Firefly set to debut their rockets in 2022 (in Fireflys case, a second debut). Investment Advisor and the company is accused of 'highly suspicious operations' by the company and also indicates that they await SEC investigation of the company, shortly. 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. (For a time, it also had a fake CFO - long story.). First reported by The Verge, this deal involves Firefly Aerospace giving Astra access to its IP for the Reaver rocket engine. Shortly after its SPAC announcement, Astra publicly disclosed (without any credible technological explanation) an increase in the targeted capacity of its rockets; shortly thereafter, and surely to Astras embarrassment, the public learned that Astra had entered into an agreement allowing it limited access to study one of its competitors rocket engine IP in exchange for $30m. 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. Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. Create an account to follow your favorite communities and start taking part in conversations. 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 investigation concerns whether Camber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Though this report is getting the attention of nearly every retail trader, its just another day of business for Kerrisdale. Bloomberg Markets European Close. Kerrisdale Capital released a . The dialogue that goes on Twitter is helpful for everyone, and I think it makes everyone more educated. The company distributes . Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. 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 . Due to this the stock lost 50% of its value making investors lose an incomprehensible amount of money. For example, in Kerrisdales short report on Camber Energy (NYSEMKT:CEI), it estimated that Cambers fully diluted market capitalization was almost three times greater than what the company reported due to its dilutive preferred stock and debt. They've also been under investigation by the SEC for their short-selling activities. Though Sahm Adrangi, founder of activist fund Kerrisdale Capital Management LLC in New York, insists that hiring a private investigation firm is not his preferred strategy, he has resorted to . By Sam Boughedda. We love the technology and the growth happening in this company. 4. As of April 30, its flagship fund had declined by 44% year to date. However, these lower costs may mean cutting corners. In the end, investing is a highly mathematical concept that requires diligent and constant research. the MV of securities sold, whichever is less, Astra's stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. Sometimes it's just a fight for the good things. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. Nearby homes similar to 1421 Euclid Ave have recently sold between $519K to $519K at an average of $235 per square foot. 13F filing from KERRISDALE ADVISERS, LLC, enter your This agreement came to light following Astras infamous powerslide launch, in which a Delphin rocket engine (developed by Astra) shut down shortly after liftoff. In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Astras stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. Shares of Digital World Acquisition Corp., a special-purpose acquisition company, have more room to fall, according to a report Wednesday from Kerrisdale announcing its short position. jQuery(document).ready(function($){gformInitSpinner( 3, 'https://dailyalts.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_3').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_3');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_3').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && !
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