1125 N. Charles St, Baltimore, MD 21201. $518,600 Last Sold Price. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. Kerrisdale Capital's Short and Distort attack on MMAT goes beyond anything normal in a free market. Through this fear and panic make a profit on their current positions. 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The Federal Trade Commission sued Match Group in 2019 for what it called deceptive or unfair practices.. How do I update this listing? Copyright VIEW MORE. ? The DCF model relies on discounting future cash flows back to the present value using the, When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. I haven't seen any lawsuits filed against anyone. containing a link to download the .zip file of the CSV file(s) you requested. 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, . 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). 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. All rights reserved. Edit Lists Featuring This Company Section. Investments. I could be wrong here though. By Sam Boughedda. . Donald Trump tosses out MAGA hats at a rally in Ohio, in June 2021. CEI stock is currently down over 50% with the report. 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 . Management lowered fiscal 2018 guidance for revenue from $943 million to $920 million and for earnings per share from $3.26 to $2.85 . Trading volume is unusually high for the stock as well; 659 million shares are trading against a daily average of just 120 million. [2]: The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern., , for example. The investigation concerns whether Camber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. Class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns. Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. A consultant who reviewed plans for BB1 components called them "immature.". Theyre investigating conveniently 2.5 minutes after the FUD and massive shortnothing to see here. All rights reserved. Presenting this to a mass audience to further effect their position in the stock to their favor. By Chuck Mikolajczak. This will increase competition within this market and Astra may not be in a position to compete. If it's kerrsdale great! The activist fund expects that shares will fall due to increasing threats around government regulation and intervention. 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. Google News, Jared is a Photographer and Writer for Space Explored based out of Orlando, FL. WHAT IS THIS ABOUT: On December 14, 2021, during market hours, market analyst Kerrisdale Capital published a report entitled "Meta Materials, Inc. (MMAT): A 'Photonics' Company That's an Optical Illusion" which alleges several issues at the Company including: "[d]isappearing segments, misleading product claims, fake medical devices . Kerrisdale Advisers has met the qualifications for inclusion in our WhaleScore system. Directly support Jared by joining hisPatreon(recurring support), or donate throughKo-Fi(one-off support). January 1, 2023 January 12, 2023 Interviews by Igor. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. The Upside Potential for SOFI Stock Is Limited. With Starship timing uncertain and SpaceX now a direct competitor, BB1 timing should suffer. 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. Kerrisdale Capital - Sahm Adrangi assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey The firm will be seeking recovery of investor losses through a class action. We believe Astras reliability goal for its rockets is 80% (which itself is not exactly confidence inspiring). Create an account to follow your favorite communities and start taking part in conversations. Hedge Fund Eddie Pan specializes in institutional investments and insider activity. Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. OriginalWhaleScore 13F filing from KERRISDALE ADVISERS, LLC, enter your How Is That a Good Thing? We love the technology and the growth happening in this company. Industry: Investment & Asset Management. Investing in the stock market should be a lot more mathematical than anything else. We recommend reading this report should you be interested in the full context. SUBSCRIBE Recent Posts. Were the only other fund outside of Pershing Square thats ever rented out an auditorium and done a multi-hour slideshow presentation on one of our shorts, and its probably still our favorite, said Adrangi. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. All rights reserved. Artemis 1 splashes down in the Pacific Ocean, Astra Space could face a class-action lawsuit for misleading investors, Astra Space Inc (ASTR): Headed For Dis-Astra. or we can just @ Doris on twitter he usually responds. Maybe four or five years from now.. In the field where it asks "Please choose the general topic of your message: CHOOSE "OTHER" at the VERY . We are a fast-growing fundamental long-short fund with an activist bent. The deal also involved Firefly sending Astra engines to inspect. Why Is Mullen Automotive (MULN) Stock Down 11% Today? Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. I am confused. Recently, the fund started adding punny subtitles to its reports to add a breath of humor. Investment Advisor Oftentimes, the hedge fund uses Twitter and Twitter Spaces as a way to engage with everyday investors. This one has something for everyone: death-spiral financing, a fake CFO, delinquent filings, fired auditors 3 wks ago, insolvent energy assets & the saddest family of entrepreneurs in the cleantech vaporware space 1/7, Kerrisdale Capital (@KerrisdaleCap) October 5, 2021. Get the latest business insights from Dun & Bradstreet. HubSpot (NYSE:HUBS) has declined by over 45% since the release of the short report on Dec. 22. 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. 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. Valued at $2 billion, Astra Space is working on its launch vehicle to carry payloads up to 500kg to orbit. The Rosen Law Firm, a global investor rights law firm, has opened an investigation into Astra Space based on the allegations outlined in the Kerrisdale Capital report. 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. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. Adrangis latest short reports focus on names that are popular with retail investors, such as Digital World Acquisition (NASDAQ:DWAC) and Astra Space (NASDAQ:ASTR). 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. email address below and choose 'Submit'. Astra Space went public on the NASDAQ on June 30, 2021, and . At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap. 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 . Alt Turnover is calculated by taking either the total MV of new purchases or This launch was aborted early into flight. Enter your How is that a Good Thing donald Trump tosses out MAGA hats at a rally Ohio... And Twitter Spaces as a way to engage with everyday investors lawsuits filed against.... Follow your favorite communities and start taking part in conversations fund Eddie specializes! A mass audience to further effect their position in the stock to their favor and Twitter as. 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