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Article: Hedge Funds Are Dumping Cerence Inc. (CRNC)

Article - Media, Publications

Hedge Funds Are Dumping Cerence Inc. (CRNC)

Debasis Saha, 05 July 2020

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. In this article, we will take a closer look at hedge fund sentiment towards Cerence Inc. (NASDAQ:CRNC) at the end of the first quarter and determine whether the smart money was really smart about this stock.

Cerence Inc. (NASDAQ:CRNC) has experienced a decrease in enthusiasm from smart money in recent months. Our calculations also showed that CRNC isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks).
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Article: Green Plains sues ADM, alleging ethanol market manipulation

Article - Media, Publications

Green Plains sues ADM, alleging ethanol market manipulation

P.J. Huffstutter, 05 July 2020

CHICAGO (Reuters) – Green Plains Inc, one of the biggest U.S. ethanol producers, sued Archer Daniels Midland Co on Tuesday, accusing the global grain trader of manipulating the price of the biofuel to profit from its positions in the derivatives market.

Green Plains filed the proposed class action with the U.S. District Court of Nebraska, where it also claimed that senior ADM officials knew of the alleged manipulation. ADM told Reuters in an email statement that the company does not comment on pending litigation. The lawsuit seeks unspecified damages. It follows reporting by Reuters that ADM’s ethanol selling had led traders to complain to S&P Global Platts, which provides benchmark pricing for the physical ethanol contract at different U.S. delivery points. Continue reading “Article: Green Plains sues ADM, alleging ethanol market manipulation”

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Article: Form S-1/A Jupiter Wellness, Inc.

Article - Media, Publications

Form S-1/A Jupiter Wellness, Inc.

BONGIOVANNI MICHAEL J, 04 July 2020

We are offering 1,000,000 units (each, a “Unit”), each Unit consisting of one share of common stock, par value $0.001 per share, and one warrant (each a “Warrant”), in a firm commitment initial public offering at an assumed price of US$7.50 per Unit. Each Warrant is immediately exercisable, will entitle the holder to purchase one share of common stock at an exercise price of US$8.50 and will expire five (5) years from the date of issuance. The shares of common stock and Warrants may be transferred separately immediately upon issuance.

We intend to apply to list our shares of common stock and Warrants for trading on the Nasdaq Capital Market, subject to official notice of issuance, under the symbols “JUPW” and “JUPWW”. Completion of this offering is contingent on the approval of our listing application for trading on the Nasdaq Market.

We are an emerging growth company under the Jumpstart our Business Startups Act of 2012, or JOBS Act, and, as such, may elect to comply with certain reduced public company reporting requirements for future filings. Investing in our securities involves a high degree of risk.

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Article: Spruce Point Capital Management Releases A Strong Sell Research Opinion On Prestige Consumer Healthcare Inc. (NYSE: PBH)

Article - Media, Publications

Spruce Point Capital Management Releases A Strong Sell Research Opinion On Prestige Consumer Healthcare Inc. (NYSE: PBH)

PRNewswire, 30 June 2020

Report entitled “Time To Nix Management” outlines how Prestige Consumer Healthcare Inc. (“PBH”, “Prestige” or “the Company”) faces 40%-60% downside risk to approximately $15 to $23 per share. The full contents of the report can be reviewed at www.sprucepointcap.com. Continue reading “Article: Spruce Point Capital Management Releases A Strong Sell Research Opinion On Prestige Consumer Healthcare Inc. (NYSE: PBH)”

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Article: Coffee’s for Closers: How a Short Seller’s Warning Helped Take Down Luckin Coffee

Article - Media, Publications

Coffee’s for Closers: How a Short Seller’s Warning Helped Take Down Luckin Coffee

Jing Yang in Hong Kong, Juliet Chung in New York and Julie Steinberg in London, 23 June 2020

In January, days after the shares of Luckin Coffee Inc. hit a record high on the Nasdaq Stock Market , giving the company a $12 billion valuation, a cryptic email arrived in the inboxes of multiple short sellers. “A new generation of Chinese Fraud 2.0 has emerged,” it said. “Companies that start off as fundamentally and structurally flawed business model [sic] that evolves into fraud.” The author offered to share customer receipts and videos from Luckin Coffee outlets, attached a long report about the company and said the short sellers could publish and take credit for it. Continue reading “Article: Coffee’s for Closers: How a Short Seller’s Warning Helped Take Down Luckin Coffee”

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Article: Why Investors Are Talking About Hyliion and Tortoise Acquisition

Article - Media, Publications

Why Investors Are Talking About Hyliion and Tortoise Acquisition

John Rosevear, 28 June 2020

Shares of Tortoise Acquisition (NYSE:SHLL) are on quite a run. The stock ended Friday’s session up 41.2% on the day — and up 140% since the morning of June 19, when it announced plans to merge with a company called Hyliion. The quick run-up has investors asking some big questions. Did I miss something? Is this a scam? Who the heck are these guys?

What is Tortoise Acquisition?
Tortoise is a special-purpose acquisition company, or SPAC, a type of company created specifically to acquire one or more other companies. Sometimes called a “shell company,” SPACs generally have no ongoing businesses of their own. In this case, Tortoise was created by a team of veteran energy-industry executives and investors with the goal of finding and investing in one or more good businesses related to their shared area of interest, renewable natural gas. That’s where Hyliion comes in.
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Subject: Fahmi Quadir

Subject of Interest

Founder & Chief Investment Officer at Safkhet Capital

Born in the USA to Bangladeshi parents. Left PhD track to do research at Deallus Consulting.  Recruited by Michael Krensavage to be a short seller.

Central to the short selling of both Valeant and Wirecard. Has enjoyed a massive media elevation with no inquries into her connections to naked short sellers who destroyed both Valeant and Wirecard.

Website: https://safkhetcapital.com/

Comment: There is a new layer of naked short sellers and bashers on Wall Street that is connected to India, Pakistan, and Bangldesh. They are the new gang in town.

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Article: The woman shaking up Wall Street

Article - Media

The woman shaking up Wall Street

Safi Thind, SquareMile, 7 February 2020

“Valeant had a certain reputation within the industry,” she says. “I knew it was already engaged in unethical, potentially fraudulent practice. Pharmaceuticals are a very established industry, when someone tries to disrupt it and post unusual numbers, there’s probably something wrong.”

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Article: Short-sellers need more transparency, says former SEC commissioner

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Short-sellers need more transparency, says former SEC commissioner

Ben Ashwell, Corporate Secretary, 26 June 2020

Robert Jackson discusses short-selling, fraud and the role of the commission

Former SEC commissioner Robert Jackson says he is troubled by the ‘increasing evidence of manipulation through short-selling’, and calls on his former colleagues at the SEC to consider a proposal for greater transparency for short-sellers.

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Article: Russian scammer tied to Naama Issachar case jailed for 9 years by US court

Article - Media, Publications

Russian scammer tied to Naama Issachar case jailed for 9 years by US court

MATTHEW BARAKAT, 27 June 2020

A Russian computer hacker who facilitated $20 million in credit card fraud and ran a sophisticated clearinghouse for international cybercriminals was sentenced Friday to nine years in prison.

Prosecutors say Aleksey Burkov of St. Petersburg, Russia, filled a unique niche in the world of cybercrime, describing his Direct Connection website as “the most exclusive criminal forum on the web.” Would-be participants had to put up a $5,000 bond and have three existing members vouch for them. Once inside, members could buy and sell stolen credit-card numbers, hacking services and malware, and criminals with different skill sets could join forces to launch schemes. Continue reading “Article: Russian scammer tied to Naama Issachar case jailed for 9 years by US court”

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Article: Russian Cybercriminal Gets 9 Years for Online Fraud Website

Article - Media, Publications

Russian Cybercriminal Gets 9 Years for Online Fraud Website

Associated Press, 27 June 2020

A Russian computer hacker who facilitated $20 million in credit card fraud and ran a sophisticated clearinghouse for international cybercriminals was sentenced Friday to nine years in prison.

Prosecutors say Aleksei Burkov of St. Petersburg, Russia, filled a unique niche in the world of cybercrime, describing his Direct Connection website as “the most exclusive criminal forum on the web.” Would-be participants had to put up a $5,000 bond and have three existing members vouch for them. Once inside, members could buy and sell stolen credit-card numbers, hacking services and malware, and criminals with different skill sets could join forces to launch schemes.

“You’ve made it as a criminal once you get on Direct Connection because you have access to the best criminals in the world,” prosecutor Kellen Dwyer said at Friday’s sentencing hearing. Continue reading “Article: Russian Cybercriminal Gets 9 Years for Online Fraud Website”

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Article: Russian national pleads guilty to being part of $568 million fraud ring

Article - Media, Publications

Russian national pleads guilty to being part of $568 million fraud ring

Sean Lyngaas, 26 June 2020

A 33-year-old Russian man has pleaded guilty to being part of a cybercriminal enterprise that caused more than $568 million in losses through identity theft and stolen payment cards, the U.S. Justice Department announced Friday. Continue reading “Article: Russian national pleads guilty to being part of $568 million fraud ring”

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Robert Steele: Decision Memorandum for the President – Achieving the Mother of All Landslides with Six Initiatives

Memorandum

SHORT URL THIS POST:
https://tinyurl.com/POTUS-DMX4

25 June 2020

 DECISION MEMORANDUM FOR THE PRESIDENT

From: Robert David Steele

Subject: Eradicating Crime on Wall Street, Recovering $100 Trillion, Passing Election Reform Legislation, Winning the Mother of All Landslides

Continue reading “Robert Steele: Decision Memorandum for the President – Achieving the Mother of All Landslides with Six Initiatives”