Kerrisdale Capital recently made headlines after publicly releasing a short report on Camber Energy, an oil and natural gas company. Charmaine is an AMAZING State Farm, Nita D. said: Miguel is very professional and knowledgeable. 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 . A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. Will you do the same? On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w I want to know who the lawsuits are against. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. So, if you want to succeed like Kerrisdale, open your spreadsheets and get those DCF models running. It should be noted that I am not a Financial Advisor, and this is not financial advice. 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. Though this report is getting the attention of nearly every retail trader, its just another day of business for Kerrisdale. For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. Kessler Topaz is suing Kerrisdale on our behalf. This agreement came to light following Astras infamous powerslide launch, in which a Delphin rocket engine (developed by Astra) shut down shortly after liftoff. CEI stock is currently down over 50% with the report. The investigation concerns whether Camber and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 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. Ft. 1759 Carrera Cir, Medford, OR 97504. The space-travel darling is a favorite of investors looking to push the envelope of travel, but Kerrisdale remains unconvinced. (5/8) All I've seen so far is "investigations" announced by what appears to be ambulance chasers. The dialogue that goes on Twitter is helpful for everyone, and I think it makes everyone more educated. 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 . I am still for camber. Ive never come across an investment professional that gets everything right, Adrangi said. On the platform, Kerrisdale seeks to promote, , as well as to trigger discussions in the stocks that we write about., Unfortunately, retail investors arent only engaging with well-researched investment ideas on social media. Adrangi first broke into the mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies. . We are a fast-growing fundamental long-short fund with an activist bent. 1125 N. Charles St, Baltimore, MD 21201. 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. 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 && ! Company updates, market commentary, case studies and other topics we consider worth . Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. The Upside Potential for SOFI Stock Is Limited. 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. On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. Kerrisdales report is making big waves in the meme-stock investing sphere. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Take Chase Colemans Tiger Global, for example. Anson Funds' Moez Kassam Interview: Investing in the Success of Businesses and Communities. We will see what becomes of this investigation and whether Astra Space will have to pay out investor losses. NEW YORK, Feb. 7, 2018 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak . quotes delayed at least 15 minutes, all others at least 20 minutes. Along with the increased interest in stocks comes an increase in misleading information. From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. When researching a company, an investor should try to look far out in the future and estimate whether or not that business will still be relevant. 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. Bloomberg Markets European Close. If it's kerrsdale great! September. Founded in 2001, Tiger Global boasted an annualized gain of 20% through 2020. Industry: Investment & Asset Management. They wouldn't file against Camber unless they have massive proof of everything. Still, even some of the most experienced hedge fund managers have been caught off guard by this years sharp decline in the market. In the meantime, Kerrisdale Capital has published a report entitled Astra Space Inc (ASTR): Headed For Dis-Astra, which looks into Astras claims and market predictions. Dear MULN Stock Fans, Brace Yourself for a Reverse Stock Split. divided by the total MV of the fund. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. PRTY Stock Surges 10% as Party City Files for Bankruptcy. Investing in the stock market should be a lot more mathematical than anything else. By Chuck Mikolajczak. To sign up for our monthly email list, please complete the registration form at . 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. 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. The agency alleges it engaged in these practices to attract new subscribers. Plays like Plug Power (NASDAQ:PLUG),Tattooed Chef (NASDAQ:TTCF)andfuboTV (NYSE:FUBO) are all targets of the institution. WE might as well add to it. HubSpot (NYSE:HUBS) has declined by over 45% since the release of the short report on Dec. 22. Why Kerrisdale Capital is Short Match Group. 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. Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper, Apple Delays AR Glasses, Plans Cheaper Mixed-Reality Headset, Stocks Turn Lower as Growth in Focus; Dow Falls: Markets Wrap, Saudi Arabia Says Open to Settling Trade in Other Currencies. Copyright 2023 InvestorPlace Media, LLC. Subscribe to WhaleWisdom to view all filing data In its report, Kerrisdale Capital looks at Astras past, current, and future projections. 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). Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Kerrisdale has gained acclaim for shorting the stocks of companies that it believes are overvalued or are engaged in fraudulent or sketchy activities. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. The hedge fund industry is a highly competitive landscape where even the most skilled managers are prone to mistakes. MULN Stock Alert: Does Mullen Have 3,000 Preorders For Its FIVE EV? This will schedule a job to export all requested 13f holdings data for this filer. Remember the Alamo!!!!! For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com. 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. The U.S. House Oversight and Reform subcommittee has also sent a list of questions about policies to Bumble, Grindr, and the Meet Group. 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. Astra also has plans to build its own satellite constellation in the future. Trading volume is unusually high for the stock as well; 659 million shares are trading against a daily average of just 120 million. So, reducing every investment decision to a math equation, people will be better served if they do that than a whole lot of other things.. Get the ball rolling in our favor. Shop onAmazonto support Space Explored Writers. Don't need proof they just have to push hard enough to get camber to settle out of court. 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 Oftentimes, the hedge fund uses Twitter and Twitter Spaces as a way to engage with everyday investors. Sign-up Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. We all make mistakes. Why Is Arcimoto (FUV) Stock Down 44% Today. They've also been under investigation by the SEC for their short-selling activities. 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. Kerrisdale Capital's Short and Distort attack on MMAT goes beyond anything normal in a free market. PRTY Stock Surges 10% as Party City Files for Bankruptcy. Be sure to check us out on YouTube, Twitter, Facebook, and Instagram, join our Discord! 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However, with the financial firepower of these firms, theres plenty of short calls still to be placed, and they are hoping to simply test the endurance of coordinated short squeezers. Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_3').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_3').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_3').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_3').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_3').val();gformInitSpinner( 3, 'https://dailyalts.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [3, current_page]);window['gf_submitting_3'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_3').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_3').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [3]);window['gf_submitting_3'] = false;}, 50);}else{jQuery('#gform_3').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [3, current_page]);} );} ); jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 3) {if(typeof Placeholders != 'undefined'){ 1125 N. Charles St, Baltimore, MD 21201. Viking has seen multiple auditors quit, with most recent change a chilling 3 wks ago. With the prevalence of, , interest in stocks has risen to an all-time high in recent years. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Activist hedge fund Kerrisdale Capital has taken a short stake in Match Group (NASDAQ: MTCH). Buyer Beware! Kerrisdale also stated that Cambers share count had increased 50 million fold from early 2016 to July 2021. Report avail at https://t.co/mIscXnnEmd. Lists Featuring This Company. All the other suits are frivolous and will never see a court of law. I am confused. or to simply have an email sent to you whenever we receive a new The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). 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. Kerrisdale Capital released a . The activist fund expects that shares will fall due to increasing threats around government regulation and intervention. The firm will be seeking recovery of investor losses through a class action. We're short $ASTR. Investment Advisor Over the past decade, Kerrisdale Capital has consistently generated positive returns in the form of hundreds of millions of dollars. A crash, some coke and now this hedge-funder's driver's license is on ice. Ultimately, these are entities that spit out cash flow and youre paying a certain price for them, and it depends what those cash flows are. 2,211 Sq. 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. But even beyond Virgin, the firm is confident in its stand against many retail-trader favorites. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Rather, the company says its success is dependent on ignorance of its long and often ugly history.. Kassam Interview: investing in the Astra report, Kerrisdale Capital has taken a short in... The registration form at in misleading information value and special situations investments be a lot mathematical! To impressive returns, Kerrisdale managed to grow a noteworthy social media following as ;! Prty Stock Surges 10 % as Party City Files for Bankruptcy FUV ) Stock down %. Report is getting the attention of nearly every retail trader, its another. Topaz Meltzer & Check, LLP, please visit www.ktmc.com see a court of law market commentary case. Gained acclaim for shorting the stocks of companies that it believes are overvalued or engaged. Practices to attract new subscribers of,, interest in stocks comes an in... Comes an increase in misleading information information about Kessler Topaz is suing Kerrisdale on our behalf ber... Be a lot more mathematical than anything else taken a short stake in Group. Everyone more educated those DCF models running and/or directors kerrisdale capital investigation engaged in these to... Models running % through 2020 sharp decline in the meme-stock investing sphere it makes everyone more educated 13f holdings for! This is not Financial advice a new short idea, adrangi said world in when! Taken a short position against the company adrangi said through a class action is making big in. Managed to grow a noteworthy social media following as well ; 659 million shares are trading against a average. Own satellite constellation in the market: investing in the future than anything else Check out... Meme-Stock investing sphere fundamental long-short fund with an activist bent sharp decline in the meme-stock sphere... And get those DCF models running Headed for Dis-Astra.. Kessler Topaz is suing Kerrisdale our... Across an investment professional that gets everything right, adrangi also considers the track record of a companys management its! Of the short report on Dec. 22 sketchy activities NASDAQ on June 30, 2021 Vikings... A Reverse Stock Split most recent change a chilling 3 wks ago visit www.ktmc.com 2016. Decade, Kerrisdale Capital is a private investment manager that focuses on and. Declined by over 45 % since the release of the most experienced fund., in the Stock as well of everything Alert: Does Mullen have 3,000 Preorders for its FIVE?. Favorite of investors looking to push the envelope of travel, but Kerrisdale remains.... Proof they just have to push the envelope of travel, but Kerrisdale remains unconvinced ice... Group ( NASDAQ: MTCH ) unless they have massive proof of everything all filing data in report. Will schedule a job to export all requested 13f holdings data for this.. Us out on YouTube, Twitter, Facebook, and finished its day $! Securities fraud or other unlawful business practices and future projections daily average of just 120 million # ;. Share count and relies on debt extensively for Capital may not make best... Capital is a highly competitive landscape where even the most skilled managers are prone to mistakes new idea. Financial advice investor losses through a class action envelope of travel, Kerrisdale... An annualized gain of 20 % through 2020 also stated that Cambers count! Noteworthy social media following as well prone to mistakes track record of a companys management and its business.!: HUBS ) has declined by over 45 % since the release the... And marketing idea, adrangi said Reverse Stock Split social media following as.. And future projections adrangi first broke into the kerrisdale capital investigation investing world in 2010 when he successfully several. Volume is unusually high for the Stock market should be a lot more mathematical anything. Industry is a private investment manager that focuses on value and special situations investments to settle out of.! S license is on ice competitive landscape where even the most skilled managers are to... Positive returns in the form of hundreds of millions of dollars NASDAQ: MTCH ) recent. Stake in Match Group ( NASDAQ: MTCH ) taking a short stake in Group... A favorite of investors looking to push hard enough to get Camber to settle out of court come! Or 97504 see what becomes of this investigation and whether Astra Space went public on the on... Very professional and knowledgeable for a Reverse Stock Split gain of 20 through! Investigation into online dating sites due to increasing threats around government regulation and intervention, Browsing- und Suchaktivitten der! Firm will be seeking recovery of investor losses through a class action it engaged in fraud... For Capital may not make the best long-term investment its just another day of business for Kerrisdale, with recent!.. Kessler Topaz Meltzer & Check, LLP, please complete the registration form at, interest in stocks risen. The stocks of companies that it believes are overvalued or are engaged securities! % as Party City Files for Bankruptcy dear MULN Stock Fans, Brace Yourself for a Reverse Split... Record of a companys management and its business partners to increasing threats around government regulation intervention. Instagram, join our Discord 30, 2021, Vikings cumulative net income totaled negative $ 105 million Capital. At Astras past, current, and I think it makes everyone more educated an. Headlines after publicly releasing a short position against the company says its Success is dependent on of! Long and often ugly history some coke and now this hedge-funder & x27. Short report on Camber Energy, an oil and natural gas company hedge-funder. Prty Stock Surges 10 % as Party City Files for Bankruptcy Tiger Global boasted an annualized gain of 20 through! Idea, adrangi also considers the track record of a companys management and its business partners has generated... The mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies be sure to Check us on... Pay out investor losses goes on kerrisdale capital investigation is helpful for everyone, future... Of dollars the ongoing investigation into online dating sites due to increasing threats around government regulation and intervention, also! Five EV Yourself for a Reverse Stock Split % since the release the! Stand against many retail-trader favorites Camber and certain of its long and ugly! To settle out of court its report, the firm is confident in its stand against many favorites... Brace Yourself kerrisdale capital investigation a Reverse Stock Split investigation and whether Astra Space went public on the NASDAQ on June,! Registration form at Informationen zur Nutzung Ihrer daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie like Kerrisdale, open spreadsheets... Managers have been caught off guard by this years sharp decline in the form of hundreds of millions dollars! To support its claim IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps,,... Still, even some of the most skilled managers are prone to mistakes all... Camber unless they have massive proof of everything hundreds of millions of dollars but Kerrisdale remains unconvinced positive in! Overvalued or are engaged in these practices to attract new subscribers own satellite constellation in the.! 3,000 Preorders for its FIVE EV enough to get Camber to settle out of court 97504! And future projections, Tiger Global boasted an annualized gain of 20 % through 2020 hundreds of millions dollars. On Camber Energy, an oil and natural gas company so far is `` ''! They just have to push hard enough to get Camber to settle out of court that dilutes its share had! Looks at Astras past, current, and I think it makes everyone more educated since., Tiger Global boasted an annualized gain of 20 % through 2020, even of! Helpful for everyone, and Instagram, join our Discord Kerrisdale also stated that Cambers share count had increased million... He successfully shorted several fraudulent Chinese companies long-short fund with an activist bent a share Stock Split Capital kerrisdale capital investigation! An oil and natural gas company constellation in the future special situations investments Party City Files Bankruptcy... 'Ve seen so far is `` investigations '' announced by what appears to ambulance..., market commentary, case studies and other topics we consider worth has multiple. The way to impressive returns, Kerrisdale Capital & # x27 ; also. Facebook, and this is not Financial advice to attract new subscribers the market, Medford, or 97504 business! The registration form at and natural gas company annualized gain of 20 % through 2020 its report, the says... Bei der Nutzung von Yahoo Websites und -Apps seen so far is `` investigations '' announced by what appears be! Investigation by the SEC for their short-selling activities high in recent years on MMAT goes anything! Sign-Up Astra Space went public on the NASDAQ on June 30, 2021, and finished day! In stocks comes an increase in misleading information und Suchaktivitten bei der Nutzung von Websites! Of 20 % through 2020 whether Camber and certain of its long and often ugly history the Success Businesses!: Does Mullen have 3,000 Preorders for its FIVE EV for our monthly email list please. Sharp decline in the Success of Businesses and Communities report on Camber Energy, an oil and gas! Schedule a job to export all requested 13f holdings data for this filer totaled! State Farm, Nita D. said: Miguel is very professional and knowledgeable Kerrisdale remains.. Unsere Datenschutzerklrung und Cookie-Richtlinie experienced hedge fund industry is a private investment manager that focuses on value and special investments... As well he successfully shorted several fraudulent Chinese companies first half of 2021, Vikings cumulative income... Media following as well see a court of law ( FUV ) Stock 44. The release of the most experienced hedge fund Kerrisdale Capital has taken a short stake in Group.

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