Astra also has plans to build its own satellite constellation in the future. 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 S&P 500 lost about 14% in the same time period. Camber Energy (NYSE: CEI) has become a bit of a meme stock as of late, a result of Twitter user @MrZackMorris pushing the name to his followers.An oil and gas name whom no doubt has enjoyed the recent excitement in the energy space, the company became the latest target this week of short sellers, with Kerrisdale Capital dropped a report on them Tuesday morning. We're short $ASTR. Adrangi said he expects the stock price to be worth less. However, he did not set a price target for the stock. View Last Form Adv Compilation Report on Record, HTTPS://WWW.LINKEDIN.COM/COMPANY/KERRISDALE-CAPITAL-MANAGEMENT-LLC/, HTTPS://WWW.HVST.COM/ORGANIZATION/KERRISDALE-CAPITAL, HTTPS://SEEKINGALPHA.COM/AUTHOR/KERRISDALE-CAPITAL-MANAGEMENT. 1125 N. Charles St, Baltimore, MD 21201. 4. 1125 N. Charles St, Baltimore, MD 21201. PRTY Stock Surges 10% as Party City Files for Bankruptcy. For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. Why Is Arcimoto (FUV) Stock Down 44% Today. MIAMI, 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 . Don't need proof they just have to push hard enough to get camber to settle out of court. Bloomberg Markets European Close. Kerrisdale made its name in 2011 pointing out that a rash of Chinese companies being listed in the US to take . Kerrisdale Capital is showing that they are not afraid in the least, though. File: 1.00 MB, 638x2987, apocalypse fortnight.jpg /GME/ - Apocalypse Fortnight Edition Anonymous ! Astra is falling behind its competitors. The hedge fund industry is a highly competitive landscape where even the most skilled managers are prone to mistakes. Kerrisdale Capital released a . 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 . 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. 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 . Mission: Kerrisdale Capital is an investment management firm based in New York. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. Such a situation may prove advantageous for Kerrisdales investment style of shorting fraudulent and overvalued companies. the MV of securities sold, whichever is less, 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. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Why Is Mullen Automotive (MULN) Stock Down 11% Today? With Starship timing uncertain and SpaceX now a direct competitor, BB1 timing should suffer. How Is That a Good Thing? Washington D.C., Feb. 4, 2021 . These short positions, each initiated after the GME- and AMC-led retail-investing craze, exemplify an institution unafraid of short-squeeze investing living on much longer. Through this fear and panic make a profit on their current positions. Why Kerrisdale Capital is Short Match Group. Astras attempt to catch up is self-evident. Copyright At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. Adrangi cited the ongoing investigation into online dating sites due to underage use and marketing. Historically, the Federal Reserve has combated inflation by raising interest rates, which in turn can lead to lower equity prices across the board. Kerrigan Preview Skin missing for Widowmaker. 3 reviews of Kerrisdale Capital "Unethical company ran by a man with a history of drug and alcohol problems! This QuickTake adaptation of our award-winning podcast, The Pay Check, focuses on the racial wealth gap. This community is intended for LONG term holders who seriously invested in $CEI and did their fundamental analysis and DD. The company has made orbit once, but can lightning strike twice for the smallsat launcher? 2022. The scathing report levies a number of accusations of fraud, firings and misrepresentation. 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. 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. All rights reserved. Sahm Adrangi - Founder & CIO of Kerrisdale Capital. This launch was aborted early into flight. Ever since GameStop (NYSE:GME) and AMC (NYSE:AMC) short squeezes drained firms of nearly $1 billion in just days, the idea of investors mobilizing on a short position once again comes with considerable weight. Kerrisdale Capital - Sahm Adrangi assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey Thats because the firm has been unabashedly shorting numerous different big name retail stocks. United States Investors with Funds Raised in 2016 . Macroeconomic factors, such as inflation, weigh into Kerrisdales research process as well. Brazil boosts security in capital as riot investigations progress Authorities are seeking to identify anyone who helped fund or organise the storming of government offices in Brasilia. Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. Now we fight back! The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern.. (5/8) All I've seen so far is "investigations" announced by what appears to be ambulance chasers. The program is also part of a broader, 2020 DailyAlts. Finally, Match Group isnt the only online dating operator facing government scrutiny. On the platform, Kerrisdale seeks to promote market efficiency, as well as to trigger discussions in the stocks that we write about.. Spruce published on Nuvei . Their manifested ignorance and persistent hatred of the . It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. 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. Adrangi published a 26-page letter on its site that details its concerns about Match Group. 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. Help others find us by following on Apple News and Google News. 1125 N. Charles St, Baltimore, MD 21201. This petition starter stood up and took action. And in this business, one of the best things about the public market is that, if you decide you no longer want to own a stock, you can just sell it.. The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. Kerrisdale doesnt always rent out fancy auditoriums to share its research. Everything was taken. }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} ); jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [3, 1]) } ); Invesco has introduced a new ETF, the Invesco Global High Yield Corporate Bond ESG UCITS ETF, that aims to tap into the growing demand for both high yield and ESG-focused. Sep 15, 2022. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Anson Funds' Moez Kassam Interview: Investing in the Success of Businesses and Communities. Dear MULN Stock Fans, Brace Yourself for a Reverse Stock Split. 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). You should probably only invest in businesses where you can be confident about [their] future trajectory, Adrangi said. The MSM is the most dangerous element working to destroy this great republic. 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 . Feb 8, 2022 5:36 PM EST. Tag: kerrisdale capital sec investigation. Investment Advisor The losses threaten to erase the gains it has earned over the last month of trading. This will schedule a job to export all requested 13f holdings data for this filer. Thats good for the markets, Adrangi said. Sahm Adrangi, founder and chief investment officer of Kerrisdale Capital, was reportedly arrested early Saturday on . 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. So, if you want to succeed like Kerrisdale, open your spreadsheets and get those DCF models running. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . 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. Thats especially true if you are invested in meme stocks. Man CEI is on the map pull your heads out of your asses were getting paid hold.plus innovative technology that can save our planet sell and be that guy that sold Amazon in their early stages. I could be wrong here though. Create Email Alert, ***Log In or 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. Trading volume is unusually high for the stock as well; 659 million shares are trading against a daily average of just 120 million. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w Anyone know? 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. Be sure to check us out on YouTube, Twitter, Facebook, and Instagram, join our Discord! and the company is accused of 'highly suspicious operations' by the company and also indicates that they await SEC investigation of the company, shortly. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. Rocket Lab, Relativity, ABL, and Firefly all have plausible plans to produce 1,000kg+ rockets that will be entering the market in the near term; by contrast, Astra aspires to produce a 500kg rocket two years from now. They wouldn't file against Camber unless they have massive proof of everything. 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. This is applicable for both long and short positions. 5 Beds. We are a fast-growing fundamental long-short fund with an activist bent. In its report, Kerrisdale Capital looks at Astras past, current, and future projections. Kerrisdales report is making big waves in the meme-stock investing sphere. It needs to ramp production and prove reliability of a cheaply built rocket while maintaining access to public markets to fund cash burn. We are short $CEI. Though this report is getting the attention of nearly every retail trader, its just another day of business for Kerrisdale. 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. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts went so far to state that CEI would be delisted within the next month due to not keeping up with their financial filings. Compa The firm confirmed that it is short Match. 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 . 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Camber Energy: Do Not Ignore Its Recent Agreement Camber Energy Inc. (NYSEAMERICAN: CEI) Subsidiary Viking Press J to jump to the feed. Sahm Adrangi's Kerrisdale Capital has doubled down on its position in Luxoft, which is now 20% of the firm's portfolio. We will see what becomes of this investigation and whether Astra Space will have to pay out investor losses. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . Capital gain is the profit one earns on the sale of a real estate asset. Get the ball rolling in our favor. In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. But even beyond Virgin, the firm is confident in its stand against many retail-trader favorites. Bill Ackman, one of the most highly regarded names in the hedge fund industry, often used the same auditorium to share his investment ideas. Do NOT trust your money to them! Rather, the company says its success is dependent on ignorance of its long and often ugly history.. HTTP://KERRISDALECAP.COM/ Kerrisdale Capital's Short and Distort attack on MMAT goes beyond anything normal in a free market. Buyer Beware! Report avail at https://t.co/mIscXnnEmd. 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. Have been doing extremely well public markets to fund cash burn ultimately factored into Kerrisdale taking short. Future trajectory, Adrangi said quot ; Unethical company ran by a with! 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