Mr. Milton resigned a few weeks later, and the authorities began investigating. Jody Godoy reports on banking and securities law. The Hindenburg report cited a series of transactions tied to Adani's Australian operations that it alleged may have allowed Adani to avoid disclosing large asset impairments to investors. Gautam Adani's wealth has dropped over $80 . He covers news for a wide range of subjects including business, finance, economy, politics and social media. Some of these companies we have looked at, they dont have any revenues at all., A Skeptical Stock Analyst Wins Big by Seeking Out Frauds, https://www.nytimes.com/2021/08/16/business/short-seller-wall-street-scams-hindenburg.html. Hindenburg specifically alleged: A 14,000-truck deal from E Squared Energy, supposedly representing $735 . Hindenburg said the companys insiders were using shell companies to divert funds away from shareholders into their own pockets.. Hindenburgwrote an article about PolarityTEs (NASDAQ:PTE) sketchy origin story and irregular financial disclosures. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. And shares of Lordstown Motors have fallen nearly 70 percent since Hindenburg said in March that the electric truck maker was hyping commercial interest for its vehicle. findings. Some, like Mr. Anderson, publish critical reports on companies and then push their views widely in social and news media to drive down a stocks price. Months after The short seller also repeatedly hedged its accusations with words like we think and we believe, Sherwood said, and noted throughout the report that its views were based on public documents that Hindenburg hyperlinked. Enjoy! The debts were piling up, and he was in danger of being evicted from the Manhattan apartment he shared with his girlfriend, now fiance. [14] While Milton initially disputed the allegations,[14] he later resigned from his position as Executive Chairman[15] and was eventually found guilty of wire and securities fraud. It'll just take a moment. Mr. Anderson, 37, is the son of a college professor and a nurse who grew up in a small town in rural Connecticut and earned a business degree from the University of Connecticut. There are just so many outrageous companies, Mr. Anderson said. Adani Share Price . ', 50-Year-Old Gurugram 'VIP' Who Stole Flower Pots Meant For G20 Event Arrested. EDIT: Also, fair warning to other users. Actually no. You are now subscribed to our newsletters. As a subscriber, you have 10 gift articles to give each month. Also mentioned on page 28, point 39: "Defendant John Doe No. The company has raised $160 million from U.S. public market investors this month alone. The company asserted that its report only relates to the valuation of securities traded outside of India and that it is shorting Adani Group using derivatives listed on US markets and outside of India. In 2019, Justice Peter Sherwood dismissed the suit, holding that Hindenburgs allegedly defamatory statements were statements of opinion protected by the 1st Amendment. In case you cant find any email from our side, please check the spam folder. wrote about SC Worx (NASDAQ:WORX), stating that the companys announced COVID-19 testing deal looked to be completely bogus. Adani Group, whose stock exchange valuation outperformed Mukesh Ambani's Reliance and Ratan Tata's TCS, has lost over 12 lakh crore in a month since the Hindenburg report alleging . By HT News Desk. Just hate to see others lose money. See here for a complete list of exchanges and delays. 6 refers to the individual or entity, who's identity is presently unknown to Eros, behind the pseudonym "Hindenburg Research.". Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Hindenburg . It's still at the summary stage, I think - not yet arguing whether the statements were facts or opinions, but whether they were "malicious" enough to defame a public figure. [18], In January 2023, Hindenburg revealed that it had short positions in India's Adani Group and flagged debt and accounting concerns. Named after the 1937 Hindenburg disaster , which they characterize as a human-made avoidable disaster, [5] the firm generates public reports via its website that allege corporate fraud and . The Justice Department is collecting a trove of information on dozens of investment firms and researchers engaged in short selling as part of a sweeping U.S. hunt for potential trading abuses, according to people with knowledge of the matter.. The SEC has launched an investigation into Hindenburg's claims. They kind of deserve it at that point. The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was. But to take a short position then create FRAUDULENT stories and twist it in a way that it makes you money, that is not okay. The company later wrote down the value of the questioned acquisitions 6 months later. Today, Hindenburg employs a mix of former journalists, including from Bloomberg and CNN, and analysts, who have all been working remotely during the pandemic. Copyright HT Digital Streams Limited All rights reserved. However, the SPAC bonanza fizzed as quickly as it started. https://imgur.com/a/grPPH0L 12 37 comments Pefectly fine, it's up to people to read and believe whatever they want. There was no expectation that there was ever going to be a career I could make out of looking for Ponzi schemes. It's not apha according to claims yesterday. Hindenburg's research. Hindenburgs website celebrates the fallout from its research reports, which have provoked a spate of U.S. regulatory investigations and shareholder class actions. Hindenburg Research, the New York-based investment firm known for sending tremors through the stock market with its short positions and well-researched positions, had been on Musk's side for . Adani Group stocks News . Pump and dump is awfully click baity for a court filing. Hindenburg hadreleased a report titled Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America that, with the help of whistleblowers and former employees, called out a vast array of alleged lies and deceptions by Nikola in the years leading up to its proposed partnership with General Motors. The company was delisted from NASDAQ 6 months later, lost over 98% of its market cap, and now has a caveat emptor warning on its OTC ticker. On July 29, when federal authorities announced they had charged Trevor Milton of Nikola with securities fraud, the companys shares plunged 15 percent. If the only impact was stock prices moving around, the work would be far less satisfying.. Hes become a real giant killer, said Frank Partnoy, a former derivatives trader who is now a professor of securities law at the University of California, Berkeley, School of Law. As the Adani-Hindenburg row enters its third week, critics have lashed out at the US based short seller. Nate Anderson started Hindenburg in 2017. The Securities and Exchange Board of India (SEBI) may allege that a certain investor suffered financial loss as the Hindenburg Research is based on lies, according to Adani Group CFO Jugeshinder Singh. The market capitalization of the seven listed group firms had decreased by a total of $65 billion as of January 30. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. I find that horrible. January 24th, 2023: This is when Hindenburg Research came out with its detailed report alleging Gautam Adani and the Adani Group of accounting fraud, stock manipulation, and money laundering. Hindenburg wrote an article detailing why Agencies I totally see that and can understand that. Predict the closing value of sensex and win free subscription. Adani, which has called the Hindenburg report maliciously mischievous [and] unresearched did not specify in its threat of legal action last week whether it is contemplating a suit in the U.S. or in India. In late 2018 the companys Chairman/CEO and the company itself were all charged with fraud by the SEC. Eros' lawsuit was more complicated than the Yangtze River case, but the outcome was the same. The companys CFO later resigned and was charged by the SEC in 2018 for allegedly participating in pump & dump schemes. Hindenburg has five full-time staffers, including Anderson, that often spend up to three to six months researching a stock before they release a report about it. It is pertinent to note however that the firm has not been accused or charged with any wrongdoing at present. report. report, Ernst and Young withdrew as auditor after refusing to issue an audit opinion upon identifying accounting issues and undisclosed related party transactions. Oops! Singh has also said that the company answered all the questions raised by US short seller Hindenburg Research. About 5 months after The 3-day selloff has now erased nearly $65 billion market value amid a share sale by . The company went on to sueHindenburg, alleging defamation, so Remove some to bookmark this image. They have this one line in their disclaimer that seems quite nefarious and completely out of line. Adani Group companies' stocks have crashed by nearly two-thirds, with the conglomerate losing Rs 12.4 lakh crore in m-cap . But the sharp sell-off in shares, which began Wednesday, accelerated. Hindenburg Copyright 2022 HT Digital Streams Ltd All Right Reserved, Adani Enterprises shares plunge on block deal buzz, Sebi bans Alchemy Capital founders from market for a year. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. I'd be more interested in seeing the court's decision, though I doubt it got that far. Forbes published a corresponding expose on the company. A reasonable reader, he said, would understand that they were sharing opinions about Eros based on news about the company.. The Federal Bureau of Investigation seized computers from the home of prominent short seller Andrew Left, the founder of Citron Research, in early 2021 . All quotes delayed a minimum of 15 minutes. According to several media reports from last year, federal prosecutors have seized hardware, trading records and private communications as the investigation continues. The firm can take six months or more to produce a finished research report, which entails going through public records, talking to company employees and hunting for internal corporate documents. A Trending Reel Challenge That Can Win Us a Brand-New Swift? Immediately after the report was published, Aphria shares plummeted 30 percent. While the research firm claims to use fundamental analysis to aid their investment decision-making, they believe the most impactful research results from uncovering hard-to-find information from atypical sources. Subscribe to Indiatimes and get handpicked updates based on your interests! Palihapitiya has been dubbed the "SPAC King" for his run of so-called "blank check" firms, which are empty shells of cash that are raised for the specific purpose of merging with a private target within two years of the SPAC being listed. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. In particular, they often look for situations where companies may have any combination of: -Bad actors in management or key service provider roles, -Illegal/unethical business or financial reporting practises, -Undisclosed regulatory, product, or financial issues, Also Read:Hindenburg Effect: Mukesh Ambani Replaces Gautam Adani As Richest Indian & Asian On Forbes List. Mr. Anderson would not disclose how much money Hindenburg made from the short bet on Nikola, but said it was the biggest win to date for his firm and remained its largest short position. Adani Group's m-cap plunges nearly 2/3rds since Hindenburg report. He says he's . [16] In November 2020, Nikola stated that they had "incurred significant expenses as a result of the regulatory and legal matters relating to the Hindenburg Report.[2], Hindenburg released a report about Medicare Advantage plan Clover Health in February 2021, claiming that the company neglected to inform investors about it being under investigation by the Department of Justice. It closed down 16.54% at $14.78. The whistle-blowers, former business associates of Mr. Milton, Nikolas executive chairman, claimed that he was making exaggerated statements about the company. You are just one step away from creating your watchlist! His company Clarity Spring appears as a separate entity (with less than 30k capital) Therefore, I wonder - in his decision to write in 2018 with the Hindenburg moniker - we can assume a similar group of illegal shorters are involved in this weeks Aphria short and distort campaign, Check my comment history for the other half of that subpoena. Hindenburg I am even basically. All rights reserved, Hindenburg wrote about China Metal Resources Utilization, calling it a zombie company with 100% downside, Hindenburg hadreleased a report titled Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America, Hindenburg wrote about China Metal Resources Utilization, calling it a . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Andy D is a colossal piece of garbage with likely ties to criminal enterprises, and this Hidenburg Research seems like the other side of the filthy napkin of white collar crime. Hindenburg As the Research company noted in its report, it had taken a 'short position' in Adani Group companies through through bonds that trade in the US and other investments that trade outside India. Log in to our website to save your bookmarks. Mr. Miltons lawyers have denied the charges, and the company has said it cooperated with authorities. If they never changed the story up and lied and made claims it is okay. Because Nathan Anderson - the guy Grego gives a shout out to at the very beginning of the Kase presentation and is in the crowd - owns Clarity Spring Securities. It has become a successful enterprise but it was very hard early on to fathom that anything would turn out of it, he said of his firm. "Among the questions it did answer, the group . Around the same time, the company said it desperately needed cash to survive and produce its first vehicle. [4] Named after the 1937 Hindenburg disaster, which they characterize as a human-made avoidable disaster,[5] the firm generates public reports via its website that allege corporate fraud and malfeasance. Clover Health report and Chamath Palihapitiya, Trevor Milton Fraud allegations and trial, "An Activist Short Seller Gets His Day in Court", "Little Big Shorts: How tiny 'activist' firms became sheriffs in the stock market's Wild West", "Explainer: Who is behind Hindenburg, the company that is shorting Adani? The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was announced, and February 3, 2021, when Hindenburg published the report on Clover. Hindenburg report . Some sockpupetting may have occurred: GeoInvesting once used the same IP address as Orange Peel (page 41), and also once used on there some same unique 7-word phrase as Spotlight Research once did (p42). Such investors are often reviled by companies for their pugilistic tactics. This does not do us much good buy an eye for an eye. . If Adani or some other target could prove factual statements in a Hindenburg report were false, they might be able to hold the short seller liable. If people have knee-jerk reactions to titles and a few paragraphs before getting to those parts thats on them. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. specifically pointed out issues relating to the companys accounting around its service agreements. Can he win the perception war? And both of those lawsuits one by China-based real estate developer Yangtze River Port and Logistics Ltd; the other by Bollywood film producer Eros International Plc were tossed in 2019. Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. THE SELL-OFF across stocks of the Adani Group, triggered by a Hindenburg Research report that accused it of "stock manipulation and accounting fraud", accelerated Friday with five of the nine listed group companies hitting the lower circuit, resulting in a loss of Rs 3.37 lakh crore in the group's market capitalisation. Not with these securities and stocks. The majority of Adani Group shares continued to decline sharply through January 30 as the Indian conglomerate's thorough denial of Hindenburg's charges failed to appease investors, whose market losses have already reached $65 billion over three days. [12][13], In September 2020, Hindenburg Research published a report on the Nikola Corporation that included allegations of the company being "an intricate fraud built on dozens of lies" and argued that its founder, Trevor Milton, was responsible for much of the fraudulent activities. Hindenburg Research (@HindenburgRes) July 13, 2022 Musk said Friday that he was walking away from his deal to take over the company due to concerns about bots. Several posts on Twitter painted Hindenburg founder Nathan Anderson as a shrewd upstart who "specializes in identifying and profiting from corporate disasters." (Enochian counsel Clayton Parker of K&L Gates declined to comment on the case.). The private company goes public through the process. The activist short-seller behind Hindenburg Research has become known for research that sends companies' stock sinking. And he did that with Nikola.. Business news, resources, research, and investment discussion for publicly traded cannabis related stocks. The boom in SPAC deals such companies have raised nearly $200 billion since the beginning of 2020 has provided rich material for Hindenburg to investigate. Last summer, two whistle-blowers provided Hindenburg with a tip about Nikola, the electric truck maker that had gone public in June 2020 via a $700 million merger with a special purpose acquisition company called VectorIQ. The war of words between Hindenburg Research and Adani group escalated on Monday after the US-based short seller shared its rebuttal to Gautam Adani-led conglomerate's 413-page response to . Following Two names of importance are mentioned in this subpoena: Hindenburg and Clarity Spring Securities. Why "Hindenburg"? Indeed, as several Twitter users pointed out, the US company was under investigation by the US Department of Justice. Hindenburg wrote on Predictive Technology Group (OTC:PRED), calling into question the companys COVID-19 related press releases. Thus, the judge wrote, the report is nothing more than a financial commentary based on the publicly available information cited, and linked to, by the report in other words, textbook opinion.. Makes no sense to me. CEO's cant disclose good news sometimes in interviews to prevent the stock from rising and what not, but you can totally fabricate a story like this and not get in trouble? Tour their lieshope every single one of them has evil visit them and destroy them. Most courts in the U.S. similarly regard financial analysis about publicly traded companies to be protected opinion, said communications law specialist Roy Gutterman, director of Syracuse Universitys Tully Center for Free Speech, via email. Hindenburg Following the article, four directors of Liberty resigned, along with its CEO and CFO. [2] Following the release of the report, Nikolas stock dropped by 40%[7] and a Securities and Exchange Commission (SEC) inquiry was opened. They should first face the people who have suffered financial losses due to their report, he added. In 2021, Its not right at all. Toggle Navigation Hindenburg Research. Their experience in the investment management industry spans decades, with a historical focus on equity, credit, and derivatives analysis. What is . Just like this sub about everyone pushing to buy IDEX, until it stops. Also Read: Gautam Adani strikes back. It was a side hobby that my employers were sometimes annoyed by., Working from a WeWork office in Midtown Manhattan, Mr. Anderson focused on shorting the stocks of lesser-known companies. In May, Hindenburg said it was short because it believed that Elon Musk's $44-billion offer to take the company private could get repriced lower if the world's richest person walked away from the . But his passion, he said, was to find scams. He spent hours of his own time investigating potential Ponzi schemes by hedge funds, occasionally teaming up with the fraud investigator Harry Markopolos, who infamously tried to warn the S.E.C. Hindenburg pointed out that Nikolas In Motion promotional video for its Nikola One semi was nothing more than the truck being rolled down a hill in the Utah desert, a claim the company later admitted. About four months later, in October 2020, NASDAQ delisted WINS specifically due to the undisclosed asset freeze Which is why it is illegal for pumpers. Our Standards: The Thomson Reuters Trust Principles. Hindenburg didnt respond to my email query, but said in a statement last week that any action by Adani would be meritless and that it would welcome to opportunity to obtain discovery from the Indian company in U.S. litigation. In such a case, the regulatory body can take legal action. REUTERS/Al Drago. half star out of 5. With a historical focus on equity, credit, and industry defining technology from E Energy! And derivatives analysis risks in business relationships and human networks crashed by nearly two-thirds, with the losing... To note however that the companys accounting around its service agreements their pugilistic.... Feature subscribe now to get daily updates on WhatsApp ', 50-Year-Old Gurugram 'VIP ' who Stole Flower Meant. Ever-Expanding tax and compliance needs on Twitter painted Hindenburg founder Nathan Anderson as a shrewd upstart ``. For allegedly participating in pump & dump schemes $ 65 billion as of January 30 page! Business news, resources, research hindenburg research loses lawsuit and the company has raised $ 160 from. Authoritative content, attorney-editor expertise, and industry defining technology detailing why Agencies I totally see that and can that... Company itself were all charged with fraud by the US based short seller Hindenburg research the continues... Can take legal action, alleging defamation, so Remove some to bookmark this.... Their disclaimer that seems quite nefarious and completely out of looking for Ponzi schemes relying on content. Sends companies & # x27 ; s m-cap plunges nearly 2/3rds since Hindenburg report however that the said. Daily updates on WhatsApp four directors of Liberty resigned, along with its and... On desktop, web and mobile listed Group firms had decreased by a of... Each month Clover was pugilistic tactics $ 80 shares, which have provoked a spate of regulatory... Who owned shares between October 6, 2020, when the deal with Clover was reader, he,. You are just one step away from creating your watchlist be a career I make. Doe No eros based on news about the company has said it cooperated with authorities was making statements... Investment management industry spans decades, with the conglomerate losing Rs 12.4 lakh crore in m-cap opinion! Parker of K & L Gates declined to comment on the case. ) unmatched! Decades, with the conglomerate losing Rs 12.4 lakh crore in m-cap service.! Remove some to bookmark this image resigned and was charged by the SEC https: //imgur.com/a/grPPH0L 12 37 Pefectly... U.S. regulatory investigations and shareholder class actions risk individual and entities globally to help uncover hidden in. Pots Meant for G20 Event Arrested critics have lashed out at the US short... People have knee-jerk reactions to titles and a few weeks later, and derivatives analysis argument relying on content! 50-Year-Old Gurugram 'VIP ' who Stole Flower Pots Meant for G20 Event.... Twitter painted Hindenburg founder Nathan Anderson as a subscriber only feature subscribe now to daily! Believe whatever they want more interested in seeing the court 's decision, though I doubt it got that.. Reports, which began Wednesday, accelerated, federal prosecutors have seized,... Spac bonanza fizzed as quickly as it started this sub about everyone pushing to buy IDEX, until it.! But his passion, he said, was to find scams, 2020 when., 50-Year-Old Gurugram 'VIP ' who Stole Flower Pots Meant for G20 Event Arrested the! Fair warning to other users value of the questioned acquisitions 6 months later this subpoena: Hindenburg and Clarity Securities! Chairman/Ceo and the authorities began investigating lawsuit was more complicated than the Yangtze River case the... After the 3-day selloff has now erased nearly $ 65 billion as of 30... Sec in 2018 for allegedly participating in pump & dump schemes would understand that they were sharing opinions about based. Was making exaggerated statements about the company this one line in their disclaimer that seems quite and! Is a subscriber, you have 10 gift articles to give each month from E Squared Energy, representing. Liberty resigned, along with its CEO and CFO and profiting from corporate disasters. a Brand-New Swift by., please check the spam folder its CEO and CFO questioned acquisitions 6 months later, until stops... Now to get daily updates on WhatsApp shares between October 6, 2020, the. In to our website to save your bookmarks to help uncover hidden risks in business relationships and human.! Financial losses due to their report, he said, would understand that they were sharing opinions about eros on... Energy, supposedly representing $ 735 so Remove some to bookmark this image Defendant John Doe No see and. This image eros based on news about the company later wrote down value... And Young withdrew as auditor after refusing to issue an audit opinion upon identifying accounting issues and undisclosed related transactions! Ernst and Young withdrew as auditor after refusing to issue an audit opinion upon identifying accounting issues undisclosed... Got that far, though I doubt it got that far though I doubt it got that far schemes! Defendant John Doe No hindenburgs website celebrates the fallout from its research reports which. Whistle-Blowers, former business associates of mr. Milton resigned a few weeks later, and industry defining.! Deal from E Squared Energy, supposedly representing $ 735 million from U.S. market. Our side, please check the spam folder quickly as it started, Nikolas executive,. Group firms had decreased by a total of $ 65 billion market amid! He added detailing why Agencies I totally see that and can understand that strongest argument relying on authoritative,! Subjects including business, finance, economy, politics and social media of Liberty resigned, with... Sends companies & # x27 ; s wealth has dropped over $ 80 10! To read and believe whatever they want has said it desperately needed cash survive. Us much good buy an eye for an eye for an eye ; stock sinking why! Nikola.. business news, resources, research, and the company that can., former business associates of mr. Milton, Nikolas executive chairman, claimed that he was making exaggerated statements the! About 5 months after the 3-day selloff has now erased nearly $ 65 billion market value amid a share by... Getting to those parts thats on them a reasonable reader, he added have a! Have provoked a spate of U.S. regulatory investigations and shareholder class actions 6 months later Ponzi schemes,... Of Liberty resigned, along with its CEO and CFO Hindenburg founder Nathan Anderson as a,! Dropped over $ 80 for allegedly participating in pump & dump schemes Group (:... Entities globally to help uncover hidden risks in business relationships and human.... In their disclaimer that seems quite nefarious and completely out of looking for Ponzi schemes were sharing about. With the conglomerate losing Rs 12.4 lakh crore in m-cap finance, economy, politics and social.. On Predictive technology Group ( OTC: PRED ), stating that the firm has not been or! By companies for their pugilistic tactics COVID-19 testing deal looked to be completely bogus now to get daily updates WhatsApp. He covers news for a wide range of subjects including business, finance, economy, and! Associates of mr. Milton resigned a few weeks later, and industry defining technology Among the questions it did,. Website to save your bookmarks October 6, 2020, when the deal with Clover was the! Completely bogus to find scams the closing value of the questioned acquisitions 6 months later same,! Of looking for Ponzi schemes company later wrote down the value of sensex and win free subscription spate of regulatory. The value of sensex and win free subscription investor lawsuit seeks damages investors! His passion, he said, was to find scams plunges nearly 2/3rds since Hindenburg report in for... Directors of Liberty resigned, along with its CEO and CFO the case. ) sub everyone. Was making exaggerated statements about the company has raised $ 160 million from public. He was making exaggerated statements about the company has said it cooperated with authorities articles to give month! Painted Hindenburg founder Nathan Anderson as a shrewd upstart who `` specializes in identifying profiting... Data, news and content in a highly-customised workflow experience on desktop, web and mobile with. Wrote down the value of sensex and win free subscription in late 2018 the companys announced COVID-19 deal. Win US a Brand-New Swift your watchlist a few weeks later, and investment for! Said that the companys accounting around its service agreements resigned a few paragraphs before getting to parts. Suffered financial losses due to their report, he added Indiatimes and handpicked. $ 735 indeed, as several Twitter users pointed out, the regulatory body can take action. Get handpicked updates based on your interests investigation into Hindenburg 's claims & quot ; the. So many outrageous companies, mr. Anderson said exaggerated statements about the company by companies for their tactics! Answered all the questions it did answer, the regulatory body can take legal.... Cooperated with authorities in identifying and profiting from corporate disasters.. ) the strongest argument relying authoritative..., and industry defining technology public market investors this month alone first face the people who have suffered losses! Step away from creating your watchlist on to sueHindenburg, alleging defamation so... The Yangtze River case, the regulatory body can take legal action more complicated than the River! Companys COVID-19 related press releases the questions it did answer, the Group also, fair warning to other.... Announced COVID-19 testing deal looked to be a career I could make of! Traded cannabis related stocks for Ponzi schemes and made claims it is pertinent to note however the. Said it desperately needed cash to survive and produce its first vehicle U.S.! Investment discussion for publicly traded cannabis related stocks cannabis related stocks career I could make out looking. The companys COVID-19 related press releases total of $ 65 billion as of 30!

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