Category: Article – Media

Posted on

Article: PMC Increases Goal to $60 Million with $1 Million Challenge from Patrick Byrne

Article - Media, Publications

PMC Increases Goal to $60 Million with $1 Million Challenge from Patrick Byrne

Pan-Mass Challenge, 13 May 2019

After 20 years away, Patrick Byrne returned to the Heavy Hitter stage Friday night and did what he does best: he raised the ante. At the close of his comments to 700 Heavy Hitters assembled at the InterContinental Boston, Byrne declared that if the PMC raises $60 million – $2 million more than the posted $58 million goal – he would kick in an additional $1 million! The crowd voted “yes” with their applause. Continue reading “Article: PMC Increases Goal to $60 Million with $1 Million Challenge from Patrick Byrne”

Posted on

Article: Prescience Point Nominates Slate of Highly-Qualified Director Candidates for Election to MiMedx Board

Article - Media, Publications

Prescience Point Nominates Slate of Highly-Qualified Director Candidates for Election to MiMedx Board

PRNewswire, 07 May 2019

Prescience Point Capital Management, LLC, a private investment management firm, together with certain investment partnerships under its management (collectively, “Prescience Point”), today announced that it has nominated a slate of four world-class candidates for election to the MiMedx Group, Inc. (“MiMedx” or the “Company”) (Ticker: MDXG) Board of Directors (the “Board”) at the Company’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”), scheduled to be held on June 17, 2019. Prescience Point, together with its director nominees, owns approximately 9.98% of the common stock of MiMedx. Continue reading “Article: Prescience Point Nominates Slate of Highly-Qualified Director Candidates for Election to MiMedx Board”

Posted on

Article: Silver Law Group Investigating Village Farms International, Inc. (VFF) For Potential Securities Laws Violations

Article - Media, Publications

Silver Law Group Investigating Village Farms International, Inc. (VFF) For Potential Securities Laws Violations

Silver Law Group, 07 May 2019

Village Farms International, Inc. (VFF), a publicly-traded vertically-integrated greenhouse grower of produce and cannabis, is being investigated by Silver Law Group concerning potential securities laws violations as well as violations by the selling stockbrokers. If you are an investor and have suffered a loss with this company, you may be able to recover some of your losses. Already publicly-traded in Canada, Village Farms started trading on the Nasdaq under the symbol “VFF” in February, 2019.

On April 16, 2019, Citron Research released a report that stated that the SEC should investigate Village Farms. The report alleged that when Village Farms entered into a joint venture with Emerald Health Therapeutics and Pure Sunfarms to get into the cannabis market, it “moved to the dark side by partnering with shady stock promoters that have a track record of failed businesses and [joint ventures] while insiders at both Village Farms and Emerald Health have dumped stock.”
Continue reading “Article: Silver Law Group Investigating Village Farms International, Inc. (VFF) For Potential Securities Laws Violations”

Posted on

Article: In Money Laundering Cover Up Federal Reserve Withholds 133 Pages About BB&T Releases 1 Page

Article - Media

In Money Laundering Cover Up Federal Reserve Withholds 133 Pages About BB&T Releases 1 Page

Matthew R. Lee

Inner City Press, 3 May 2019

When BB&T announced a $66 billion proposal to take over Suntrust Bank, which would close a still undisclosed number of branches and extend BB&T disparate lending patterns, many linked it to deregulatory moves in Washington. Then two days after Federal Reserve Governor Lael Brainard was asked by Inner City Press about the Fed’s lax review of previous mergers, including WSFS on which the Fed still hasn’t ruled on the bank’s withholding of information after rubber stamping the deal, the Fed announced public hearings. But the fix it seems it still in.

Read full article.

Posted on

Article: Appeal Court Upholds Dismissal of Abusive Catalyst Lawsuit

Article - Media, Publications

Appeal Court Upholds Dismissal of Abusive Catalyst Lawsuit

West Face Capital Inc. , 02 May 2019

Catalyst’s remaining litigation against West Face involves two claims. The first claim was filed in June 2015 and alleges that West Face defamed Callidus Capital, a public company controlled by investment funds managed by Catalyst, by making defamatory statements between November 2014 and March 2015 regarding the financial prospects of Callidus. Neither Catalyst nor Callidus has engaged in meaningful steps to advance that litigation since at least February 2017. Continue reading “Article: Appeal Court Upholds Dismissal of Abusive Catalyst Lawsuit”

Posted on

Article: Part 5 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Traditional Shorting Compared to Naked Shorting (Both Legal and Illegal)

Article - Media

Part 5 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Traditional Shorting Compared to Naked Shorting (Both Legal and Illegal)

Larry Smith

Smith On Stocks, 29 April 2019

This is the fifth blog in the series that I am writing to describe how illegal naked shorting is used broadly and massively to manipulate the stock prices of (primarily small) companies. I have been studying illegal naked shorting for nearly five years and I have found it to be incredibly complex and disturbingly it is widely practiced on Wall Street. My earlier blogs were intended to build a foundation needed to understand future blogs.

Read full article.

See All Larry Smith Posts @ SNSS

Posted on

Article: Village Farms International Inc (TSX:VFF): This Famous Investor Thinks it’s a Giant Fraud

Article - Media, Publications

Village Farms International Inc (TSX:VFF): This Famous Investor Thinks it’s a Giant Fraud

Ryan Vanzo, 23 April 2019

Village Farms International (TSX:VFF)(NASDAQ:VFF) stock is riding high from all the cannabis hype. Since 2019 began, shares have exploded higher by more than 300%. The run could be over, however. At least that’s what one famous investor is saying. While you may not have heard of Andrew Left, he is one of the most respected short-sellers today. His firm Citron Research has uncovered countless frauds and scams, profiting handsomely after the stocks take a dip. Recently, Left has set his targets on Village Farms. Here’s what he discovered.
Continue reading “Article: Village Farms International Inc (TSX:VFF): This Famous Investor Thinks it’s a Giant Fraud”

Posted on

Article: Part 4 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Who are the Key Players?

Article - Media

Article: Part 4 in Series on Illegal Naked Shorting’s Role in Stock Manipulation: Who are the Key Players?

Larry Smith

Smith On Stocks, 17 April 2019

I worked on Wall Street as an analyst for nearly 40 years and was involved in the stock market on a day to day basis. Throughout this time, I was focused on fundamental developments that would give an insight into the potential for a company to grow its sales and profits and then trying to translate that into future stock performance. Like many investors, I believed that this was the overarching factor in predicting future stock performance. I had no inkling and I would have been shocked if someone had told me ten years ago what the experience of the past decade has taught, i.e., in many, many cases (particularly for small companies) fundamentals are not the most important factor determining the stock price.

Read full article.

See All Larry Smith Posts @ SNSS

Posted on

Article: Deutsche Bank faces action over $20bn Russian money-laundering scheme

Article - Media, Publications

Deutsche Bank faces action over $20bn Russian money-laundering scheme

Luke Harding, 17 April 2019

Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says.

The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche concedes that the scandal has hurt its “global brand” – and is likely to cause “client attrition”, loss of investor confidence and a decline in its market value.

Read Full Article

Posted on

Article: German regulator files complaint on alleged Wirecard manipulation

Article - Media

German regulator files complaint on alleged Wirecard manipulation

BaFin targets two FT journalists and several short-sellers after reports hit payments group’s share price

Olaf Storbeck

Financial Times, 16 April 2019

The German financial watchdog has filed a criminal complaint against two Financial Times journalists and several short sellers, accusing them of potential market manipulation over reports about suspected accounting irregularities at payments processor Wirecard.

Continue reading “Article: German regulator files complaint on alleged Wirecard manipulation”

Posted on

Article: RM LAW Announces an Investigation of Village Farms International, Inc.

Article - Media, Publications

RM LAW Announces an Investigation of Village Farms International, Inc.

PRNewswire, 16 April 2019

RM LAW, P.C. announces an investigation on behalf of Village Farms International, Inc. (NASDAQ: VFF) (“Village Farms” or the “Company”) investors concerning the Company and its officers’ possible violations of federal securities laws. On April 16, 2019, Citron Research published a report titled “Citron presents the Red Flag Why the SEC should investigate Village Farms – Price Target $1”. Following the release of this report, Village Farms’ shares dropped more than 10%.
Continue reading “Article: RM LAW Announces an Investigation of Village Farms International, Inc.”

Posted on

Article: Village Farms Investigated by Block & Leviton LLP For Violations of Federal Securities Laws

Article - Media, Publications

Village Farms Investigated by Block & Leviton LLP For Violations of Federal Securities Laws

GLOBE NEWSWIRE, 16 April 2019

Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) and certain of its officers and directors violated federal securities laws. On April 16, 2019, Citron Research published a report titled “Citron presents the Red Flag Why the SEC should investigate Village Farms – Price Target $1”. Following the release of this report, Village Farms’ shares dropped more than 15%. Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation’s largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
Continue reading “Article: Village Farms Investigated by Block & Leviton LLP For Violations of Federal Securities Laws”

Posted on

Article: Part 3 in Series on Illegal Naked Shorting’s Role in Stock Manipulation – Prime Brokers and the DTCC Have a Troubling Monopoly on Clearing and Settling Stock Trades

Article - Media

Part 3 in Series on Illegal Naked Shorting’s Role in Stock Manipulation – Prime Brokers and the DTCC Have a Troubling Monopoly on Clearing and Settling Stock Trades

Larry Smith

Smith On Stocks, 11 April 2019

I am not going to attempt to show in any detail how the clearing, settlement and depositing of securities system evolved from the crisis of the mid-60s to what is now a totally paperless, electronic system. But briefly, Congress passed legislation in 1971 for two new service organizations, whose objectives were the speeding up the clearance and settlement process. The Depository Trust Company (DTC) was established as the nation’s principal securities depository, with the mission to convert paper certificates to electronic book entries and to immobilize the paper certificates and keep them in a vault at the DTC. (No more shuttling by messengers.) The National Securities Clearing Corporation (NSCC) was established at the same time to speed up clearance and settlement services.

Read full article.

See All Larry Smith Posts @ SNSS

Posted on

Article: Goldman Sachs faces 72 million won fine due to naked short selling

Article - Media, Publications

Goldman Sachs faces 72 million won fine due to naked short selling

Kim Min-jee, 10 April 2019

Goldman Sachs was slapped with fines by financial authorities for illegal short stock selling. According to the Financial Services Commission on April 9, Goldman Sachs India, a subsidiary of Goldman Sachs, was fined 72 million won for making a naked short selling at a meeting of the Securities and Futures Commission held in February.

Goldman Sachs allegedly made naked short selling for 21 Lotte Chilsung Beverage shares and 18 JW Pharmaceutical shares in October 2017 and January 2018, respectively. Goldman Sachs said, “It is a human error.”

In November last year, the committee also slapped a record 7.5 billion won fine on Goldman Sachs International, a unit of Goldman Sachs, on charges of illegal short stock selling. Continue reading “Article: Goldman Sachs faces 72 million won fine due to naked short selling”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?