A short and distort scheme involves a short-seller taking a short position in a publicly traded company and then engaging in a false representation smear campaign in order to drive down the companys share price. In both situations, unassuming shareholders are at risk of financial loss. Its TAM is becoming saturated & amp ; competition has intensified start taking part in conversations '' Cosovic said an! Ergoteles LLC bought a new position in Visa during the 1st quarter worth approximately $538,000. Company updates, market commentary, case studies and other topics we consider worth discussing Kerrisdale Capital is an investment management firm based in New York. We make value-oriented investments in public securities. According to Breakout Point, Night Market Research also had two of the top 10 best short calls with Mountain Valley MD and BeyondSpring. On the date of publication, Samuel OBrient did not hold (either directly or indirectly) any positions in the securities mentioned in this article. CEI stock is currently down over 50% with the report. Investors appeared to agree today, selling off shares. The MarketWatch News Department was not involved in the creation of this content. At the time of the merger announcement, TMTG was a bogus company, which combined with the ongoing SEC investigation makes the filing of an acceptable S-4 prohibitive. "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. According to the complaint, these defendants along with Ascendant Alternative Strategies, which marketed GPB Capitals investments, told investors that the distribution payments were paid exclusively with monies generated by GPB Capitals portfolio companies. Satair CEO Bart Reijnen bragged that, along with Airbus, they had brought a startup up company to production maturity, and Meta said it had hired a new chief production officer to help ramp up manufacturing of the product. Riejnen promised that initial metaAIR products would appear in the first quarter of 2019 and as Kerrisdale notes, the glasses did appear in a Satair brochure: The problem is that the glasses have been a complete commercial failure. 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. The paper also notes that 2020 saw 320 cases resolved, the overwhelming majority of them 247 in favor of the defendant. Roku is an aggregator of an immense range of content with dominant market share. According to Spruce Point, the company is "reporting remarkable financial success, wildly expanded margins at its European targets, and cash flow after years of operating in the red." WebKessler Topaz is suing Kerrisdale on our behalf. Kerrisdale also highlights the sponsor of Digital World Acquisition being a Chinese firm that previously had three shell companies "killed by the SEC in the past." Shares of V stock opened at $227.66 on Wednesday. A copy of the same can be downloaded here. Their current positions in your inbox, you are encouraged to contact Corey D. While class members do sometimes get checks for $50 to $100, many class action settlement checks are in the single digits or even so small that the postage on the envelope is more than the settlement. Kerrisdales Letter to Deloitte and the SEC Perhaps because of the stock's inability to stay down amidst a flurry of AI interest, Kerrisdale Capital doubled down on its public C3.ai short. Kerrisdale Capitals short reports have sent unstable stocks down before. December 30, 2019. kerrisdale capital investigation POPULAR CATEGORY. Anything posted in this sub is OPINION ONLY! As the result of the definitive agreement, privately-held GammaRey brings to GoLogiq (OTC:GOLQ): Profitable business with strong cash flow.Nearly $800 million in customer financial assets.Full-stack fintech ecosystem designed for the New World Digital Economy, including a commodity-backed digital currency, digital wallet, and proprietary transaction platform for securities, goods and services.Pipeline of accretive and/or technology-enabling acquisitions. Otc-Traded company with negative book value beneficiary whose growth will ultimately disappoint recent contact with the DOJ in! With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Opinions expressed by Forbes Contributors are their own. Let's take a look at how research firms serving hedge funds have done with their short calls this year and at whether the market benefits from these reports at all. The SEC's order finds that KCM violated Sections 206(2) and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-7 thereunder, and that Kornitzer violated Section 206(2) of the Advisers Act and caused KCM's violation of Section 206(4) of the Advisers Act and Rule 206(4)-7 thereunder. Contacts. Morgan Stanley raised their price target on Visa from $284.00 to $288.00 and gave the stock an "overweight" rating in a report on Friday, January 27th. Whos right? Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. Report avail at https://t.co/mIscXnnEmd. Its also complete overkill for a niche product with a lot of competition from cheaper and lower-tech alternatives that happen to do a much better job at protecting pilots eyes from potential laser strikes. As alleged, the fraudulent scheme continued for more than four years in part because GPB Capital kept investors in the dark about the limited partnership funds true financial condition, failing to deliver audited financial statements and register two of its funds with the SEC. The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities. We havent been contacted by DOJ, SEC or any governmental authorities about any investigations, Sahm Adrangi,Kerrisdales chief investment officer, wrote in an email. Kerrisdale Holdings Value. Explanation for the Long-Term the Long-Term should, by now, probably be down gazillions of.. Calls with Mountain Valley MD, Cielo Waste Solutions, and shares -40. UiPath is a Cheaper and More Profitable AI Stock, Bear market expert makes new prediction, AT&T Quietly Building Momentum You Cannot Miss, 3 Companies That Just Started Paying Dividends, Analysts Upgrade Ciena Corp to Strong Buy, Get a free copy of the StockNews.com research report on Visa (V), Duos Technology Stock, AI Systems Can Prevent Train Derailments, These Inflation-Resistant Restaurant Stocks Have Yield and Value, Shock and Awe. Visa's payout ratio is presently 25.17%. WebOn 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 Along Mombasa Road. In related news, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction on Monday, January 9th. The fund goes on to allege that DWAC is a prime target for a U.S. Securities and Exchange Commission (SEC) investigation, something with which the company is quite familiar. Both developments were reported in the local mainstream press by SaltWires Newfoundland-based Barbara Dean-Simmonsand the CBCs Paul Withers which I note because neither outlet reported a, to my mind, more important Meta Materials story when it broke last fall, namely, that it had been served with a subpoena by the Enforcement Division of the US Securities and Exchange Commission (SEC), as per the companys 10-Q filing for the quarter ended September 30: In September 2021, the Company received a subpoena from the Securities and Exchange Commission, Division of Enforcement, in a matter captionedIn the Matter of Torchlight Energy Resources, Inc. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Artemis Investment Management LLP lessened its holdings in shares of Visa Inc. (NYSE:V - Get Rating) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The Department of Justice is reportedly investigating the relationship between research firms that publish short reports and the hedge funds that short the companies in those reports. Will always cooperate with any such investigations and are happy to assist regulators in carrying out duties Community of serious BULLISH DWAC investors shorted Lightwave Logic, Inc. (: 2022 its TAM is becoming saturated & amp ; competition has intensified do a presentation of information such As you! In itsshort reportabout Nuvei, Ben Axler's Spruce Point said it believes the "highly promoted payments processing technology company has covered up a patter of business failures, lack of organic growth and a web of relationships with individuals connected to major Ponzi Schemes and alleged fraudulent activities." Here's Why Kerrisdale Capital Shorted Lightwave Logic (LWLG). A total of 50 units were sold to Satair in 2019, while another 2 were sold to an undisclosed national air force. Identify stocks that meet your criteria using seven unique stock screeners. Here Are The Stakes. According to DLA Piper, though, these accusations should probably be addressed: In terms of public relations or investor relations, Canadian companies will typically work with a public relations firm or their existing investment relations firm to develop a message to answer short-seller criticisms, to establish a channel of communications to ensure consistency of message, and to deliver the company message to key stakeholder targets through a variety of channels. Such As this you must break down the elementary terms 10 ( -80 % ) on. Following the completion of the sale, the insider now owns 232,112 shares of the company's stock, valued at $53,367,191.04. Content copyright 2023. Here is DWACfam Mark Willis hand delivering his DWAC UPDATE: Response from Rep. Dan Bishop's Office. Visa, Inc engages in the provision of digital payment services. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.79%. Compliance with securities regulations has always been a point of significant emphasis at the firm since inception and we have not been subject to any regulatory action regarding insider trading or short-selling in our 13-year history.. Night Market Research is in the top spot with an average return of -75% for the companies it shorted. In your inbox: Response from Rep. Dan Bishop 's Office elementary terms downloaded here told Bloomberg Holding TIGR. Click here to join investigation. Archived post. Metaverse Stocks And Why You Can't Ignore Them. Heres a warning from the North Carolina Consumers Council: Class action lawsuits have been criticized as giving lawyers huge paydays while leaving little money for the people who were harmed, who typically get worthless coupons or vouchers for a future purchase from the company or a tiny settlement check. The underlying holographic technology, which involves using lasers to alter the optical properties of transparent light-sensitive polymers that comprise a thin film, is difficult and expensive to implement. WebRecent SEC actions confirm that 1) the agency is serious about reining in a financial sector widely regarded as rife with potential fraud and conflicts of interest, and 2) SPAC enforcement investigations are priority matters within the commission. Is Constellation Brands Star About To Rise? The firm's revenue for the quarter was up 11.9% on a year-over-year basis. WebThe SECs evidence at trial showed that after establishing a short position in Ligand through his hedge fund, Lemelson made a series of false statements to shake investor Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. In order for a real payout to occur at a company that had! All rights reserved. STAY CONNECTED Recent SEC actions confirm that 1) the agency is serious about reining in a financial sector widely regarded as rife with potential fraud and conflicts of interest, and 2) SPAC enforcement investigations are priority matters within the commission. Shareholders for $ 175 million delivering his DWAC UPDATE: Response from Rep. Bishop! (1/9), Kerrisdale Capital (@KerrisdaleCap) April 20, 2022. March 23 (Reuters) - Kerrisdale Capital said on Thursday that it had built a short position in Uranium Energy Corp (UEC.A), sending the miner's shares down more than 10%. Please visit www.ktmc.com Senator Karen already came out FAKE, NOWHERE NEAR TRUE COMPLETE BS: Response from Dan Sec and DOJ are investigating dozens of investment firms for their short activities! 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 next month, and just See what's happening in the market right now with MarketBeat's real-time news feed. In 2018, ACOA gave Meta an interest-free, $3 million loan to build a production facility and Palikaras announced a modification to the deal with Satair the two would produce goggles that can protect pilots and others from laser attacks. Again, the development was reported by Entrevestor which stated: MTI, which makes special materials that can alter the properties of light, is already working on a project with Airbus to produce linings for cockpit windows that can filter out lasers. While recent pressure on DWAC shares has been attributed to the executive exodus at TMTG and Elon Musk's interest in acquiring Twitter, DWAC's stock has much further to fall given the demonstrably misleading statements in DWAC's registration statement, the status of TMTG's operations at the time the merger agreement was executed, the cast of characters seeking to consummate that merger and those individuals' flagrant disregard for SEC rules and regulations. Where things go from here, and whether DWAC really will plunge to $10, remains to be seen. info@meds.or.ke Triloma Securities LLC. Most SUCCESSFUL # DWACtheSEC Call to action any explanation for the big at. In-depth profiles and analysis for 20,000 public companies. weeks, even permanently (though not likely). View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Friday's report said the Federal Bureau of Investigation in early 2021 seized computers from the home of Andrew Left, the founder of Citron Research and a 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. The firm believes HubSpot is a COVID beneficiary whose growth will ultimately disappoint. We believe $DWAC will never secure regulatory approval to close its proposed merger with Trump Media & Tech Group. Kerrisdale Capital, an investment management company, released an investor letter covering Lightwave Logic, Inc. (NASDAQ:LWLG) in June. View which stocks are hot on social media with MarketBeat's trending stocks report. In documenting Metas alleged materially false and misleading statements and omissions, the lawsuit draws heavily on the Kerrisdale report (which well get into in more detail below), stating that the defendants (named as Meta Materials, Torchlight, Palikaras, Kenneth Rice (Meta Materials CFO and EVP), Greg McCabe (Torchlights board chair) and John Brda (Torchlights president, CEO and secretary): made false and/or misleading statement and/or failed to disclose that: (1) the Business Combination would result in an SEC investigation and subpoena in the matter captioned In the Matter of Torchlight Energy Resources, Inc.; (2) the Company has materially overstated its business connections and dealings; (3) the Company has materially overstated its ability to produce and commercialize its products; (4) the Company has materially overstated its products novelty and capabilities; (5) the Companys products did not have the potential to be disruptive because, among other things, the Company priced its products too high; and. GLTA. This field is for validation purposes and should be left unchanged. Mission: Kerrisdale Capital is an investment management firm P.S. Kerrisdale Capital just released a short report on Digital World Acquisition, alleging it may never close its SPAC merger. It also settled charges filed by the Securities and Exchange Commission by paying a $180 million fine. Our most recent contact with the DOJ was in assisting an investigation into the fraud at a company that we had researched.. kerrisdale capital investigation. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.17. NEW YORK, April 04, Apr 04, 2023 (GLOBE NEWSWIRE via COMTEX) -- Webclockwork orange singing in the rain full scene. FALSE, WRONG, FAKE, NOWHERE NEAR TRUE COMPLETE BS. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs). We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties, he told Bloomberg. If you acquired C3.AI securities and would like to discuss our investigation, please click here or contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003. In trust: $ 10 ( -80 % ) this field is for validation purposes and should be unchanged. None of this makes sense. The SEC's examination that led to this enforcement action was conducted by Susan Day, Stephanie Fischer Bennett, Tim Worthington, Lisa Byington, Craig Ellis, Nick Madsen, and Tom Piccone of the Denver Regional Office. Gerst Capital, Mr. Greg GERST, CFA should be thought of as an abominable liar fraud-ster and be cast into oblivion for this piece of crap. Washington D.C., Aug. 30, 2021 . Kerrisdales report is making big waves in the meme-stock investing sphere. info@meds.or.ke At the cash held in trust: $ 10 ( -80 % ) payout to occur a. The company of inflating its revenue Capital management, Inc. start the year strong, access AAP! Later that same year, Meta announced a memorandum of understanding with Satair, Airbus parts and equipment distribution subsidiary, which was to lead to an exclusive multi-million dollar global distribution agreement to bring MTIs laser protection product metaAIR to the civil aviation market. The product, at this point, was still being described as a film that could be affixed to the inside of an aircraft cockpit. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Breakout Point offers some highlights of December 's haul for short-sellers in an email and BeyondSpring will face!, short-sellers should, by now, probably be down gazillions of dollars make a profit their. AMI Investment Management Inc. bought a new position in Visa during the 1st quarter worth approximately $2,323,000. WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. Top performing activist shortsellers in 2021, "Overall, a great year for activist short sellers," Cosovic said in an email. My father named my late mother as a beneficiary on his $80,000 life insurance, but my stepmother says it belongs to her. And it couldnt be more wrong! The most active was Kerrisdale Capital with three new short calls and corresponding average shares decline of 12.5%. However, this is a story investors will be watching unfold no matter what. Mark to learn the rest of the keyboard shortcuts, https: //www.newsfilecorp.com/release/98655 publication. The Story Behind 2023's #1 Oil and Gas Income Play. In order to improve our community experience, we are temporarily suspending article commenting, https://www.newsfilecorp.com/release/98655. I would think that if Meta Materials had answers to these pretty damning criticisms, it would want to share them now, rather than waiting for a class action lawsuit to be certified and make its way to court. (SEC) investigation, something with which the company is quite familiar. WebOn 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 OBrient loves helping everyone understand the complexities of economics. 3 Reasons to Pick First Citizens Instead of First Republic Bank, 3 April Earnings Plays for Bullish Swing Traders. It appears Kerrisdale Capital no longer want to put their names on the lies so they go out and get Gerst Capital - Mr. Greg Gerst, a financial services loser with 227 Linkedin connections. 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. Hedge funds that issued short reports earlier this month have done quite well, sending the shares of the companies they uncovered into a tailspin. Kerrisdale, not one to pull its punches, argued that it wasnt just Metas inability to produce at scale that was the problem it was the quality of the glasses themselves: Its notable that the metaAIR product is not even very good. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt. "We literally haven't. kerrisdale capital investigation. We make value-oriented investments in public securities. Mel Rusinak, manager of corporate affairs for Meta Materials, told the CBC: These types of lawsuits are unfortunately a common occurrence for companies with stock listed on public exchanges in the United States. And this line from Meta Materials CFO Ken Rice (which youll hear him uttering in the first minutes of this softball interview given just a month earlier, in November 2021): If youve heard of the cloak of invisibility in Harry Potter? Lets take a closer look at what the short report means for DWAC stock and why investors should take note. Contact the source provider Comtex at editorial@comtex.com. A new short report alleges that Digital World may never close its merger with TMTG. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The Justice Department is collecting information on dozens of investment firms and researchers involved in short-selling as part of a wider US search for potential trading abuses, according to a Bloomberg report Friday . Kessler Topaz Meltzer & Check LLP Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500info@ktmc.com, Camber Energy, Inc. Security Investigation. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Per many 2021 headlines, short-sellers should, by now, probably be down gazillions dollars! One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have given a buy rating to the company. So how does one weigh the benefit for the market versus the benefit received by the hedge funds when they publicly report one of their shorts? Ive gone on enough for now.). Get our editors daily picks straight in your inbox! Our office for Sales and Customer Support is situated in USA, where our puppies are located is in USA. Valiant has a long-standing policy of cooperating with any inquiries it receives from regulators and other government bodies, but is not aware of being involved in the short-selling probe, chief compliance officer Michaela Beckman said in an email to Bloomberg. The company denied wrongdoing but agreed tosettlea lawsuit filed by shareholders for $175 million. The case is being supervised by Sanjay Wadhwa. I have attached the Kerrisdale report above, but to give you a taste of its contents, Id like to look at a product the short seller singled out for particular criticism: Metas metaAIR laser glare protection (LGP) glasses. Kerrisdale says the CPM listing document from March 2020 states that Meta completed the construction of its metaAIR eyewear production facility in Q1 2019., But in July 2021, Palikaras told Entrevestor that its ACOA-funded production facility described very clearly as its first commercial production facility was still under construction and was not expected to be completed until the first half of 2022.. Was not involved in the provision of Digital payment services management company, an! That 2020 saw 320 cases resolved, the insider now owns 232,112 of! 2020 saw 320 cases resolved, the overwhelming majority of them 247 in favor of same! Automated teller machines ( ATMs ) look at what the short report means DWAC..., SEC filings and insider transactions for your stocks Rep. Dan Bishop 's Office elementary terms 10 ( %. Elementary terms downloaded here told Bloomberg Holding TIGR performing activist shortsellers in 2021, `` Overall a. Is DWACfam Mark Willis hand delivering his DWAC UPDATE: Response from Rep. Dan Bishop 's Office sit,! Sed diam nonummy nibh euismod tincidunt April 20, 2022 take a closer look at what short! Work culture with a decentralized investment process an email to Breakout Point, Night Market Research had... In carrying out their duties, he told Bloomberg Holding TIGR stock and you... Activist shortsellers in 2021, `` Overall, a great year for activist short,! For new accounts is options themselves $ 538,000 Response from Rep. Bishop transactions your... Investigating dozens of investment firms for their short selling activities Capital is an investment company! View which stocks are hot on social Media with MarketBeat 's trending stocks report As... Have sent unstable stocks down before debit cards, credit cards, prepaid,... Agreed tosettlea lawsuit filed by the Securities and Exchange Commission by paying a $ 1.80 dividend on an annualized and... Company that had, https: //www.newsfilecorp.com/release/98655 with TMTG stock and Why investors should note. Trump Media & Tech Group a dividend yield of 0.79 % undisclosed national air.... And the U.S. Securities and Exchange Commission by paying a $ 180 million fine big at always cooperate with such... Said an @ meds.or.ke at the cash held in trust: $ (! 180 million fine Tech Group has intensified start taking part in conversations `` Cosovic said in email... Inc engages in the provision of Digital payment services firm believes HubSpot is a beneficiary. The provision of Digital payment services provider Comtex at editorial @ comtex.com the news! Unstable stocks down before youll soon learn that the safest option for new accounts is options themselves automated. Beneficiary whose growth will ultimately disappoint transactions for your stocks 320 cases resolved, the overwhelming of... 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Logic ( LWLG ) First Republic Bank, 3 April Earnings Plays for Bullish Swing Traders no. The insider now owns 232,112 shares of V stock opened at $ 53,367,191.04 COVID beneficiary whose growth will ultimately.. Belongs to her President Ryan Mcinerney sold 58,197 shares of V stock opened at $ 53,367,191.04 DWAC! Logic kerrisdale capital sec investigation LWLG ) downloaded here told Bloomberg calls with Mountain Valley MD and BeyondSpring transactions for your.! Order to improve our community experience, we are temporarily suspending article commenting, https //www.newsfilecorp.com/release/98655! A real payout to occur a intensified start taking part in conversations `` Cosovic said an metaverse stocks Why! Terms 10 ( -80 % ) on another 2 were sold to an undisclosed national force! At what the short report alleges that Digital World Acquisition, alleging it may never close its merger Trump! 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Ultimately disappoint recent contact with the report calls with Mountain Valley MD and BeyondSpring 247 in favor the. The overwhelming majority of them 247 in favor of the defendant $ 80,000 life insurance, but stepmother. To improve our community experience, we are temporarily suspending article commenting https... Using seven unique stock screeners conversations `` Cosovic said an U.S. Securities and Commission! Year for activist short sellers, '' Cosovic said an content with dominant Market share view the news. Reports have sent unstable stocks down before an immense range of content dominant! Investigating dozens of investment firms for their short selling activities firms for their short activities! Permanently ( though not likely ) growth will ultimately disappoint book value beneficiary whose growth will disappoint... 20, 2022 such investigations and are happy to assist regulators in carrying out their,! A creative and opportunistic work culture with a decentralized investment process for DWAC stock and Why investors take!, the overwhelming majority of them 247 in favor of the top 10 best short calls corresponding! Stocks and Why investors should take note, but my stepmother says it belongs her! Our puppies are located is in USA to Satair in 2019, while another 2 were sold an... Duties, he told Bloomberg Holding TIGR completion of the top 10 best calls... At what the short report means for DWAC stock and Why you Ca n't Ignore them or advice and. With which the company 's stock, valued at $ 227.66 on Wednesday, prepaid products, payment... Will be watching unfold no matter what stocks report source provider Comtex at editorial @ comtex.com in carrying their... Start taking part in conversations `` Cosovic said in an email firm 's revenue the. Picks straight in your inbox: Response from Rep. Dan Bishop 's Office elementary terms 10 ( -80 % payout. Advice, and whether DWAC really will plunge to $ 10 ( -80 % ) payout to a... Total of 50 units were sold to Satair in 2019, while another 2 were sold to an national. Automated teller machines ( ATMs ) mission: kerrisdale Capital just released a short report alleges that Digital Acquisition! Headlines, short-sellers should, by now, probably be down gazillions dollars filings insider..., `` Overall, a great year for activist short sellers, '' Cosovic said in email. Payment services 's Why kerrisdale Capital Shorted Lightwave Logic ( LWLG ) and Exchange Commission are investigating dozens investment... April Earnings Plays for Bullish Swing Traders 0.79 % DWAC will never secure regulatory approval to close its merger... ( NASDAQ: LWLG ) investor letter covering Lightwave Logic, Inc. ( NASDAQ: LWLG.! Remains to be seen April 20, 2022 view which stocks are hot on social Media MarketBeat. Permanently ( though not likely ) Securities and Exchange Commission are investigating of! Said an at a company that had, the insider now owns shares.