Author: Anthonette Clerigo

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Article: If You Had Bought Nymox Pharmaceutical (NASDAQ:NYMX) Shares Five Years Ago You’d Have Made 91%

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If You Had Bought Nymox Pharmaceutical (NASDAQ:NYMX) Shares Five Years Ago You’d Have Made 91%

Simply Wall St, 05 May 2020

In late January 2021, GameStop experienced a once-in-a-decade squeeze that has captivated the world’s attention. It was a premeditated and programmatic exercise, orchestrated by coordinated stock and option buying across the retail and professional community, resulting in large institutional entities losing billions of dollars. Investment houses with significant short positions did not expect a stock with GameStop’s fundamental profile to increase +2,500% in price over less than three weeks; therefore, they did not have the controls in place to handle the incredible levels of stock and call option purchases. The frenzy drew comments from the White House, provoked a social media crackdown, caused brokerage units to restrict trading, and has led to a Congressional hearing on GameStop on Thursday, February 18th.
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Article: Aristides Capital LLC closes position in NLTX / Neoleukin Therapeutics, Inc

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Aristides Capital LLC closes position in NLTX / Neoleukin Therapeutics, Inc

Fintel, 15 May 2020

Aristides Capital LLC has filed a 13F-HR form disclosing ownership of 0 shares of Neoleukin Therapeutics, Inc. (US:NLTX) with total holdings valued at $0 USD as of 2020-03-31. Aristides Capital LLC had filed a previous 13F-HR on 2020-02-13 disclosing 13,900 shares of Neoleukin Therapeutics, Inc. at a value of $171,000 USD. This represents a change in shares of -100.00 percent and a change in value of -100.00 percent during the quarter. Other investors with closed positions include Visium Asset Management, LP, Great Point Partners Llc, Perceptive Advisors Llc, Acuta Capital Partners, Llc, and Nomura Asset Management Co Ltd.
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Article: 21.2 Million Reasons Aurora Cannabis Is a Terrible Stock

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21.2 Million Reasons Aurora Cannabis Is a Terrible Stock

Sean Williams, 28 April 2020

If you thought the stock market has been taken on a wild ride over the past two months, then take a closer look at how marijuana stocks have fared since the beginning of April 2019. Following the first quarter of 2019, which saw numerous pot stocks rocket into the stratosphere, the past 13 months have erased anywhere from 50% to 95% of cannabis stock valuations.

Mind you, the long-term outlook for the legal weed industry is promising. Tens of billions of dollars in sales are conducted in the black market each year, meaning there’s a very real opportunity to move these illicit users to legal channels over time. But in the short run, U.S. pot stocks have been crushed by high tax rates, while Canadian cannabis companies have run into supply bottlenecks and shortages, depending on the province.
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Article: Short-seller Jim Chanos reveals bets against Dunkin’ Brands and Burger King’s parent

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Short-seller Jim Chanos reveals bets against Dunkin’ Brands and Burger King’s parent

Matthew J. Belvedere, 26 April 2018

Short-seller Jim Chanos revealed Thursday on CNBC that he’s betting against two fast-food stocks. The founder and president of Kynikos Associates said in a “Squawk Box” interview that he’s shorting Dunkin’ Brands and Burger King’s parent Restaurant Brands International.

“We’ve been short these things for about a year,” said Chanos, who’s known for his past early negative calls on Enron and Tyco. On Thursday’s news, shares of Dunkin’ saw an initial 5 percent spike lower in premarket trading before recovering some of those losses. Dunkin’ had been up before Chanos’ comments. The stock opened lower.

Dunkin’ Brands CEO Nigel Travis pushed back on Chanos’ call in a Thursday afternoon interview with CNBC’s “Closing Bell.” “I love a challenge,” Travis said. “And that was a challenge before our earnings this morning. And I have a book coming out later this year, so I’ll take him head on. He’s absolutely wrong.” Shares of Restaurant Brands — owner of Burger King, Tim Hortons and Popeyes Louisiana Kitchen — sank about 3 percent on the news and then pared some of those declines. The stock opened down slightly.
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Article: Why this screenshot of CNBC’s ‘Mad Money’ host Jim Cramer is ‘everything that is wrong with America’

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Why this screenshot of CNBC’s ‘Mad Money’ host Jim Cramer is ‘everything that is wrong with America’

Shawn Langlois, 14 April 2020

In many ways, last week was one of the darkest stretches in American history.

The coronavirus death toll in the U.S. — now topping 23,000 — skyrocketed as families continued to huddle in their homes uncertain of what’s next, while an unthinkable number of more than 16 million people have now filed for unemployment amid an economy grappling with the shutdown.

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Article: Why Wendy’s Stock Crashed Today

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Why Wendy’s Stock Crashed Today

Anders Bylund, 02 April 2020

Shares of fast-food chain Wendy’s (NASDAQ:WEN) fell as much as 8.6% on Thursday even though the market trended upward in general. Noted short-seller Jim Chanos appeared on CNBC in the morning and said that he still expects several food-service stocks (including Wendy’s) to continue falling. After mounting a partial recovery, the stock closed Thursday’s trading 4.4% lower.

The founder of short-selling investment firm Kynikos Associates appeared on CNBC’s Halftime Report, where he said that the firm still is short-selling restaurant stocks such as Wendy’s, Burger King parent Restaurant Brands (NYSE:QSR), and Dunkin’ Brands (NASDAQ:DNKN). Restaurant Brands shares fell as much as 5.4% today, and Dunkin bottomed out at a drop of 8.2%.
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Article: Domain Registrars Take Action Against Fraudulent COVID-19 Websites

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Domain Registrars Take Action Against Fraudulent COVID-19 Websites

Sarah Coble, 27 March 2020

American domain registration companies are taking steps to combat coronavirus-related fraud. Budget hosting provider Namecheap Inc. has halted automated registration of website names that reference the COVID-19 health crisis. The Los Angeles–based company’s action comes after a surge in fraudulent websites seeking to profit from the pandemic.

Online scams proliferating from the coronavirus outbreak have included fraudulent charity websites, sites selling fake vaccines and cures, and infection-tracking sites that deliver malware. In an email to customers sent on March 26, Namecheap CEO Richard Kirkendall said the company was removing terms such as “coronavirus,” “COVID,” and “vaccine” from the company’s domain availability search tool.
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Article: Block & Leviton Investigates HEXO Corp. For Possible Fraud; Investors Who Lost Money Should Contact The Firm

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Block & Leviton Investigates HEXO Corp. For Possible Fraud; Investors Who Lost Money Should Contact The Firm

GLOBE NEWSWIRE, 17 March 2020

Block & Leviton LLP (www.blockesq.com), a National Securities Litigation law firm, is investigating whether HEXO Corp. (HEXO) misled its shareholders. Investors who have lost money should contact the Firm for a free case evaluation. On March 17, 2020 HEXO announced that it would delay the release of its second quarter 2020 financial results to record a significant impairment charge and to amend its MD&A disclosures for its first and second quarter to address concerns raised by the Ontario Securities Commission. HEXO’s common stock is down more than 30% in early trading. “The company’s announcement is concerning; we are focused on the potential recovery of investor losses,” said Mark Delaney, the Block & Leviton attorney leading the investigation.
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Article: Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of PharmaCielo Ltd. (PCLOF) on Behalf of Investors

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Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of PharmaCielo Ltd. (PCLOF) on Behalf of Investors

BUSINESS WIRE, 04 March 2020

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf PharmaCielo Ltd. (“PharmaCielo” or “the Company”) (OTC: PCLOF) investors concerning the Company and its officers’ possible violations of the federal securities laws.

On March 2, 2020, Hindenburg Research published a report, alleging, among other things, that PharmaCielo’s “key operating property in Rionegro, Colombia” was sold “at a massive markup, allowing insiders to enrich themselves by an estimated $5.35 million.” The report also stated that the Company’s purported greenhouse facilities on newly-purchased land is “nothing more than an empty field covered in weeds.”
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Article: PharmaCielo Rocked by New Short Report

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PharmaCielo Rocked by New Short Report

Bryan Mc Govern, 03 March 2020

The cannabis industry is facing another targeted short-seller attack leading to a massive value drop. On Monday (March 2) Colombia-based operator PharmaCielo (TSXV:PCLO,OTCQX:PCLOF) opened at a price of C$1.60 in Toronto, indicating a double-digit percentage drop in its share price directly tied to new claims raised in a report.

A group known as Hindenburg Research shared with the market a new note in which the researchers pose several claims against company co-founder and former CEO Anthony Wile. The group has picked up a short position but it did not indicate a price-target for the shares of PharmaCielo.
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Article: SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NexTech AR Solutions Corporation – (NEXCF)

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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NexTech AR Solutions Corporation – (NEXCF)

GLOBE NEWSWIRE, 11 February 2020

On February 10, 2020, Hindenburg Research published a report entitled “NexTech AR: Relentless Stock Promotion, Sketchy Related Party Transactions and a Vaporware Product—Price Target: $0,” alleging, among other things, that NexTech had “virtually no credible business prospects and appears to be focused almost entirely on promoting its stock and insider self-dealing.” On this news, NexTech’s stock price fell $0.36 per share, or 21.73%, to close at $1.29 per share on February 10, 2020.
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Article: Who Needs New Year’s Resolutions After 43% Returns? Andrew Left Does.

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Who Needs New Year’s Resolutions After 43%
Returns? Andrew Left Does.

Alicia McElhaney, 07 January 2020

In 2019, short-seller Andrew Left’s Citron Capital returned a searing 43.3 percent, net of fees. But instead of wallowing in glory, Left plans to make some changes to his investment style in 2020. Foremost, Left intends to zero in on small-cap stocks rather than betting on (or against) major names like Shopify and Tesla, he told Institutional Investor Tuesday.

“My job is not to be right; my job is to generate returns,” Left said. “I’m not doing that by shorting high-concept big stocks.” Left shared the firm’s 2019 performance in an investor letter Monday, where he also reflected on recent big bets and what’s ahead. He learned two major lessons in 2019, according to the letter. The first: “Always go back to Citron’s proficiency – exposing fraud.”
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Article: HAMILTON REGION Scammers steal about $150 worth of Canadian Tire Triangle points from Dunnville couple

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Scammers steal about $150 worth of Canadian Tire Triangle points from Dunnville couple

The Sachem, 13 January 2020

Dianne and Reinder Vanderkooi are warning everyone to keep an eye on their loyalty point balances after scammers stole about $150 worth of Canadian Tire Triangle points from them. On Nov. 23, the Dunnville couple made a purchase and had $300 worth of loyalty points showing as their account’s balance on their receipt. Four days later when they made another purchase, that amount had dropped down to $149. Reinder said they’d been “saving toward a new set of tires. That’s a big deal, especially when you’re on a fixed income; we’re pensioners.
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Article: Shopify’s (SHOP) Stock Price Soars As Short Seller Throws in the Towel

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Shopify’s (SHOP) Stock Price Soars As Short Seller Throws in the Towel

Mat Litalien, 11 January 2020

Since going public, Shopify (TSX:SHOP)(NYSE:SHOP) has been one of Canada’s most prolific stocks. Shareholders who were lucky enough to get in on the company at its IPO price would be sitting on gains in excess of 1,450%! One of the downsides of being an industry disruptor and one of the top performers as that there will always be skeptics.

In the markets, these skeptics take many forms, but one of the most polarizing is the short seller, which is a bearish investors who makes significant bets against the company. In extreme cases, a short seller will spend considerable time and effort trying to market their bearish outlook to the masses. In Shopify’s case, it was attacked repeatedly by notable short seller Andrew Left, Managing Partner at Citron Research. Citron is known for making big marketing splashes.
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Article: Silver Law Group Investigates Marijuana Company HEXO Corp. (HEXO)

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Silver Law Group Investigates Marijuana Company HEXO Corp. (HEXO)

Silver Law Group, 06 January 2020

On October 4, 2019, HEXO Corp. announced the sudden resignation of its Chief Financial Officer (FCO), Michael Monahan, after four months in the position. The next trading day, the company’s stock closed down 6.4%. A few days after that, Bank of America analyst Christopher Carey downgraded the stock from “buy” to “underperform” and said that such an abrupt resignation from an experienced CFO would cause investors to wonder what they didn’t know. On October 10, 2019, HEXO released preliminary revenue data for the fourth quarter of 2019 that were almost 50% lower than their previous guidance. They also withdrew guidance for fiscal 2020 of up to $400 million in revenue.
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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?