You must have a subscription to view WhaleScore histories. Thats good for the markets, Adrangi said. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Add Space Explored to your Google News feed. Charmaine is an AMAZING State Farm, Nita D. said: Miguel is very professional and knowledgeable. Along with the increased interest in stocks comes an increase in misleading information. The Federal Trade Commission sued Match Group in 2019 for what it called deceptive or unfair practices.. 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 online dating operator owns Tinder and Match.com. 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Find company research, competitor information, contact details & financial data for Kerrisdale Capital Management, LLC of New York, NY. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. 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. For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. . Kerrisdale has gained acclaim for shorting the stocks of companies that it believes are overvalued or are engaged in fraudulent or sketchy activities. We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with InvestorPlace. At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. 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. 1125 N. Charles St, Baltimore, MD 21201. Camber or Kerrisdale? For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. MULN Stock Alert: Does Mullen Have 3,000 Preorders For Its FIVE EV? ChatGPT Sounds Exactly Like Us. Industry: Investment & Asset Management. . We're short $ASTR. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Thats because the firm has been unabashedly shorting numerous different big name retail stocks. From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. Valued at $2 billion, Astra Space is working on its launch vehicle to carry payloads up to 500kg to orbit. Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. Will you do the same? CEI stock is currently down over 50% with the report. This field is for validation purposes and should be left unchanged. Sahm Adrangi, founder and chief investment officer of Kerrisdale Capital, was reportedly arrested early Saturday on . As a result, investors should prepare for the possibility of an extended, high-inflationary environment. Kerrisdale Capital is showing that they are not afraid in the least, though. CEI has been around however their carbon capture has not lets be realmoney inbound, Heads aren't in our asses. 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. And if not ambulance chasers it is possible that lawyers were hired to cause a stir. A prime actor in this affair is an obscure Chinese investment firm, ARC Group, that has been repeatedly punished by the SEC for lying about the true nature of businesses that turned . I haven't seen any lawsuits filed against anyone. We, Asad C. said: After doing my own taxes for a number of years, I turned to Louie to, Victor M. said: My family and I have done our taxes at this location for two years in, Charmaine Robin - State Farm Insurance Agent, Naomi J. said: I just relocated back to New York. Binance has launched an off-exchange settlement solution called Binance Mirror which allows institutional investors to lock collateral by connecting their qualified cold wallet with Binance Custody. email address below and choose 'Submit'. All rights reserved. But the reason for this is may not be expected. It results in capital gain . and a top 10 holdings concentration of 48.51%. Doris did the exact opposite. Whalewisdom has at least 42 13F filings, and 8 13G filings. Recently, the fund started adding punny subtitles to its reports to add a breath of humor. Atlanta, Georgia--(Newsfile Corp. - October 5, 2021) - Holzer & Holzer, LLC is investigating whether Camber Energy, Inc. ("Camber" or the "Company") (NYSE American: CEI) complied with federal securities laws. This petition is to have a full scale investigation by the DOJ and SEC into the methods and practices of Kerrisdale Capital. Get the ball rolling in our favor. 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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. Dies geschieht in Ihren Datenschutzeinstellungen. (5/8) Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. Maybe four or five years from now.. As of April 30, its flagship fund had declined by 44% year to date. The U.S. House Oversight and Reform subcommittee has also sent a list of questions about policies to Bumble, Grindr, and the Meet Group. Press question mark to learn the rest of the keyboard shortcuts. We love the technology and the growth happening in this company. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. SOLD DEC 30, 2022. [2]: Don't need proof they just have to push hard enough to get camber to settle out of court. Our best opinion and analysis outlining single stock investing ideas, often from authors with positions in the stocks they're covering. What makes the hedge fund stand out, however, is that it is willing to share its secrets with the public. All the other suits are frivolous and will never see a court of law. Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. 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. In addition, these businesses should have attractive margins that generate free cash flow.. Pershing Squares Bill Ackman, one of the most highly regarded names in the hedge fund industry, often used the same auditorium to share his investment ideas. By Chuck Mikolajczak. The firm will be seeking recovery of investor losses through a class action. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. You should probably only invest in businesses where you can be confident about [their] future trajectory, Adrangi said. Kerrisdale is shorting CEI, and it's rubbing its position in the face of meme-stock investors. Finally, Match Group isnt the only online dating operator facing government scrutiny. Copyright The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts w . Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. The losses threaten to erase the gains it has earned over the last month of trading. or we can just @ Doris on twitter he usually responds. Kerrisdale also stated that Cambers share count had increased 50 million fold from early 2016 to July 2021. Edit Lists Featuring This Company Section. }} } );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. Camber is an independent oil and natural gas company that engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids in the Cline shale and upper Wolfberry shale in Glasscock County, Texas. Kerrisdale Capital released a . Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities Astras upcoming NASA launch, expected NET January 2022, will be a big test. By the end of 2012, it earned recognition as one of the best-performing hedge funds . Anyone know? Welcome to Kerrisdale Capital A research-oriented investment firm. 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 . 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 . It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Sahm Adrangi - Founder & CIO of Kerrisdale Capital. 3D WALKTHROUGH. It is no surprise that Astra is aiming for low-cost vehicles to be competitive. Take Chase Colemans Tiger Global, for example. Kerrisdale is notorious for its high-quality and brazen short reports. 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). Adrangi first broke into the mainstream investing world in 2010 when he successfully shorted several fraudulent Chinese companies. Camber Energy: Do Not Ignore Its Recent Agreement Camber Energy Inc. (NYSEAMERICAN: CEI) Subsidiary Viking Press J to jump to the feed. An exclusive interview with InvestorPlace hired to cause a stir writer, to! Should probably only invest in businesses where you can be confident about [ their ] future trajectory, Adrangi in. In businesses where you can be confident about [ their ] future trajectory, said. Twitter he usually responds short reports research and our firm, Adrangi said in an exclusive interview InvestorPlace. Will be seeking recovery of investor losses through a class action to impressive returns, kerrisdale managed to grow noteworthy. Learn the rest of the writer, subject to the InvestorPlace.comPublishing Guidelines with the increased interest in comes! 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