Citron – Page 3 – Financial Treason & Crime

Benzinga, 03 January 2018

After a 545-percent run the last three months, AURORA CANNABIS IN (OTC:ACBFF) is running on fumes, according to Citron Research. Short-seller Andrew Left warned investors in a Wednesday short thesis that the $10.80 stock is likely to concede 50 percent “when sanity sets in.”

“You must be high to be buying Aurora, which sports Enron type accounting and is the weakest player in the space,” Left tweeted at 12:39 p.m. ET. Aurora Cannabis announced Tuesday it sold cannabis worth $2.5 million in November, its highest ever. By Left’s assessment, the firm has no path to profitability even without the burden of taxes and distribution, and its financing structure betrays weakness in the underlying business model.
Continue reading “Article: Citron Slams Aurora Cannabis; Company Says It Won’t ‘Lose Any Sleep On Amateurish Attack’”

10/04/201702/27/2021

Article: Short seller Andrew Left says he’s found a ‘business dirtier than Herbalife’

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Short seller Andrew Left says he’s found a ‘business dirtier than Herbalife’

Joe Ciolli, 04 October 2017

Andrew Left is back at it again. The Citron Research founder tweeted on Wednesday that the Canadian e-commerce company Shopify was a “business dirtier than Herbalife.” He also posted a seven-minute YouTube video outlining his bear case, titled “Citron Exposes the Dark Side of Shopify — The FTC Will Take Notice,” and posted a report to his firm’s website.

In the video, Left lays out the big question he has around the company: Outside the roughly 50,000 verifiable merchants working with Shopify, who are the other 450,000 the company says it has? According to Left, many of them are, among other things, influencers paid to promote the company.
Continue reading “Article: Short seller Andrew Left says he’s found a ‘business dirtier than Herbalife’”

03/10/201003/02/2021

Article: SEABRIDGE GOLD (AMEX:SA)… DID YOU KNOW THIS? Dreams of Gold vs Reality of Share Prices

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SEABRIDGE GOLD (AMEX:SA)… DID YOU KNOW THIS? Dreams of Gold vs Reality of Share Prices

Citron Research, 10 March 2010

Seabridge’s explicitly advertised and promoted investment premise is that it is a “call option” on the future price of gold. Citron believes this premise is utterly false. Aside from all the background noise about stock promotions, Seabridge investors invest in the stock because they hope it will rise in value as the price of gold rises. As the company has told them, it is a levered play on gold. Continue reading “Article: SEABRIDGE GOLD (AMEX:SA)… DID YOU KNOW THIS? Dreams of Gold vs Reality of Share Prices”