Due to this the stock has seen approximately a 10% drop in price as the time of this report leading losses for investors but gains for Kerrisdale. Kerrisdale doesnt always rent out fancy auditoriums to share its research. For short-squeeze traders, these waves are not fun ones. 5 Beds. By Sam Boughedda. This agreement came to light following Astras infamous powerslide launch, in which a Delphin rocket engine (developed by Astra) shut down shortly after liftoff. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. ? For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities and a top 10 holdings concentration of 48.51%. OriginalWhaleScore How do I update this listing? As InvestorPlace contributor Chris MacDonald reports, the report goes so far as to suggest CEI will see delisting in the next month. All rights reserved. Feb 8, 2022 5:36 PM EST. 3D WALKTHROUGH. 1125 N. Charles St, Baltimore, MD 21201. A consultant who reviewed plans for BB1 components called them "immature.". We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with InvestorPlace. Though Sahm Adrangi, founder of activist fund Kerrisdale Capital Management LLC in New York, insists that hiring a private investigation firm is not his preferred strategy, he has resorted to . ? Higher interest rates also lower the value of future cash flows when discounted back to the present. $518,600 Last Sold Price. Kerrisdale Advisers has met the qualifications for inclusion in our WhaleScore system. Ever since GameStop (NYSE:GME) and AMC (NYSE:AMC) short squeezes drained firms of nearly $1 billion in just days, the idea of investors mobilizing on a short position once again comes with considerable weight. What makes the hedge fund stand out, however, is that it is willing to share its secrets with the public. Darius Miles, a former Alabama men's basketball player who was charged with capital murder in the shooting death of a 23-year-old woman early Sunday morning, "maintains his innocence" and is . !StNYcNXEJ2q Mon Sep 26 19:50:47 2022 No.51646699 [archived.moe] >Basic Informati I could be wrong here though. Kessler Topaz is suing Kerrisdale on our behalf. 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. Multiple industry executives we interviewed, who routinely secure launch services for small satellite manufacturers on a global basis, agree that Astras rocket dimensions and payload capacity are well below the sweet spot of customer needs. A link for both articles can be found at: https://www.kerrisdalecapital.com/blog/. Some of the well . 1 /r/astspacemobile, 2022-09-15, 18:24:25 Kerrisdale Capital Short Seller Report on AST SpaceMobile Inc - ASTS . Brazil boosts security in capital as riot investigations progress Authorities are seeking to identify anyone who helped fund or organise the storming of government offices in Brasilia. CEI stock is currently down over 50% with the report. The hedge fund industry is a highly competitive landscape where even the most skilled managers are prone to mistakes. But what plays beside CEI stock are these firms shorting? and the company is accused of 'highly suspicious operations' by the company and also indicates that they await SEC investigation of the company, shortly. Feb 07, 2018, 09:30 ET. Sign-up So, reducing every investment decision to a math equation, people will be better served if they do that than a whole lot of other things.. Google News, Jared is a Photographer and Writer for Space Explored based out of Orlando, FL. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Capital gain is the profit one earns on the sale of a real estate asset. 4. Press question mark to learn the rest of the keyboard shortcuts. Trading volume is unusually high for the stock as well; 659 million shares are trading against a daily average of just 120 million. EQUITY ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Camber Energy, Inc. Investors to Inquire About Class Action Investigation - CEI October 06, 2021 10:21 AM Eastern Daylight Time Astras upcoming NASA launch, expected NET January 2022, will be a big test. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. 2.5 Baths. Copyright 2023 InvestorPlace Media, LLC. Kerrisdale Capital, founded and operated by Magee High School alumni Sahm Adrangi, has a well-earned reputation as a sharp and thorough short-side operator that gets on top of companies with weak fundamentals and runaway valuations. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). New comments cannot be posted and votes cannot be cast. Do NOT trust your money to them! Still, even some of the most experienced hedge fund managers have been caught off guard by this years sharp decline in the market. The agreement referred in the report is a deal Astra made with Firefly Aerospace. 5 Hypergrowth Stocks With 10X Potential in 2023. With the prevalence of online investing communities, interest in stocks has risen to an all-time high in recent years. Everything was taken. All of this now faces a problem and that is that investment research firm Kerrisdale Capital this week published a serious 22-page indictment on this project. Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Subscribe to our free newsletter for updates and news about alternatives investments. Along with the increased interest in stocks comes an increase in misleading information. Get the ball rolling in our favor. 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.. First reported by The Verge, this deal involves Firefly Aerospace giving Astra access to its IP for the Reaver rocket engine. Adrangi takes a very mathematical approach when researching companies. Report at https://t.co/s3QiLOk7Zo. Kerrisdales recent success proves that in times of difficulty in the markets, its best to focus on the long term. Anyone know? Washington D.C., Feb. 4, 2021 . Their last reported 13F filing for Q3 2022 included $411,750,000 in managed 13F securities Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. PRTY Stock Surges 10% as Party City Files for Bankruptcy. If you are a Camber investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. Here's how Kerrisdale CIO Sahm Adrangi has stayed successful for over a decade. Astra also has plans to build its own satellite constellation in the future. Louis Navellier and the InvestorPlace Research Staff. The DCF model relies on discounting future cash flows back to the present value using the, When researching a new short idea, Adrangi also considers the track record of a companys management and its business partners. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. or we can just @ Doris on twitter he usually responds. Initiating research coverage on long and short investments AST SpaceMobile, Inc. (ASTS) Unconnected from Reality. divided by the total MV of the fund. In the two reports, he questions each companys unrealistic forecasts. Astra Space went public on the NASDAQ on June 30, 2021, and . HTTP://KERRISDALECAP.COM/ Astra is falling behind its competitors. Eddie Pan specializes in institutional investments and insider activity. Adrangis latest short reports focus on names that are popular with retail investors, such as Digital World Acquisition (NASDAQ:DWAC) and Astra Space (NASDAQ:ASTR). Kerrisdale Capital released a . Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. S&P 500WhaleScore 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. Since releasing the short report on Astra Space on Dec. 29, ASTR stock has declined by over 60%. Recent:Alternative Investments: A Bidding War For Voya Financial May Happen This Year. For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. Why Is Mullen Automotive (MULN) Stock Down 11% Today? Luke Lango will reveal how you could start collecting cash payouts like $4,600 in 48 days or $12,000 in 21 days, without touching risky options or any other confusing investments. Kerrisdale even purchased the rights to factsaboutglobalstar.com to support its claim. September. Camber Energy (NYSE:CEI) is one of the newest contentious plays between Wall Street and meme traders, thanks to a short report by Kerrisdale Capital. Why Is Mullen Automotive (MULN) Stock Down 11% Today? Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. This site is protected by reCAPTCHA and the Google. By Chuck Mikolajczak. It results in capital gain . 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 . MIAMI, FL Alt Turnover is calculated by taking either the total MV of new purchases or Management lowered fiscal 2018 guidance for revenue from $943 million to $920 million and for earnings per share from $3.26 to $2.85 . for 2024 and 2025, respectively. A company that dilutes its share count and relies on debt extensively for capital may not make the best long-term investment. Astras stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. For example, Astras financial projections relied on 165 and 300 rocket launches for 2024 and 2025, respectively. Announcing the report with a series of cheeky tweets, calling the play absurd and littering the main points with emojis, the firm is flying in the face of what CEI bulls and meme traders alike want to see. As of April 30, its flagship fund had declined by 44% year to date. SUBSCRIBE Recent Posts. At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. WHAT IS THIS ABOUT: On December 14, 2021, during market hours, market analyst Kerrisdale Capital published a report entitled "Meta Materials, Inc. (MMAT): A 'Photonics' Company That's an Optical Illusion" which alleges several issues at the Company including: "[d]isappearing segments, misleading product claims, fake medical devices . Kerrisdale Advisers's largest holding is Valaris Ltd with shares held of 555,046. Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. Through this fear and panic make a profit on their current positions. The company distributes . Create Email Alert, ***Log In or . Kerrisdale later made a separate post stating that their information was incorrect. DWAC gave misleading statements in registration documents and the high-profile nature of its potential combination with the former presidents company, Trump Media & Technology Group, is an ideal way for regulators to send a message to the broader industry, it said. CEI stock is currently down over 50% with the report. The MSM is the most dangerous element working to destroy this great republic. quotes delayed at least 15 minutes, all others at least 20 minutes. Ultimately, these are entities that spit out cash flow and youre paying a certain price for them, and it depends what those cash flows are. 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. Editors note: This article was updated on May 24 to correct Kerrisdales assets under management figure. WE might as well add to it. When researching a company, an investor should try to look far out in the future and estimate whether or not that business will still be relevant. We love the technology and the growth happening in this company. Now we fight back! Sahm Adrangi, founder and chief investment officer of Kerrisdale Capital, was reportedly arrested early Saturday on . I want to know who the lawsuits are against. 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). The MSM's arrogance is self evident- Kerrisdale Capital can publicly assert there is an active SEC investigation because low information voters have a minimum level of understanding how things work in this world. Kerrigan vs Tassadar, but something cheesy happens. We want to engage our audience and show personality in our research and our firm, Adrangi said in an exclusive interview with, and gave a three-hour-long presentation to investors on why. Rather, the company says its success is dependent on ignorance of its long and often ugly history.. Newly empowered retail investors will damage investment firms here and there, sometimes with a big win that drains a firm of millions of dollars. Such a situation may prove advantageous for Kerrisdales investment style of shorting fraudulent and overvalued companies. and a top 10 holdings concentration of 48.51%. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than, By the end of 2012, it earned recognition as one of the. 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 . Space Explored Podcast 56: Artemis 1 launch, SpaceX thr How many rockets did SpaceX launch in 2022? 1125 N. Charles St, Baltimore, MD 21201. According to a well-informed source, however, at its current stage of development, the rate of Astras rockets failing may be as high as 1 in 2. 1125 N. Charles St, Baltimore, MD 21201. Dear MULN Stock Fans, Brace Yourself for a Reverse Stock Split. 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. . RADNOR, Pa., Oct. 06, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Camber Energy, Inc. (NYSE: CEI) (Camber). Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Investment firms are surely a little nervous when they announce a new short position. 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. This isn't the first time they have used this tactic. Over the past decade, Kerrisdale Capital has consistently generated positive returns in the form of hundreds of millions of dollars. This one has something for everyone: death-spiral financing, a fake CFO, delinquent filings, fired auditors 3 wks ago, insolvent energy assets & the saddest family of entrepreneurs in the cleantech vaporware space 1/7, Kerrisdale Capital (@KerrisdaleCap) October 5, 2021. email address below and choose 'Submit'. Turning back to the Camber short report, Adrangi points out that Cambers only real asset is a 73% stake in, Since 2012, Viking has rebranded several times and changed up its leadership, such as through bringing on James Doris as CEO to revamp the company, . (For a time, it also had a fake CFO - long story.). Vancouver (/ v n k u v r / van-KOO-vr) is a major city in western Canada, located in the Lower Mainland region of British Columbia.As the most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. But the reason for this is may not be expected. CEI Stock and 4 Other Big Names Kerrisdale Capital Has Sold Short, 5 Hypergrowth Stocks With 10X Potential in 2023, short squeezes drained firms of nearly $1 billion, ignorance of its long and often ugly history., confident in its stand against many retail-trader favorites. They've also been under investigation by the SEC for their short-selling activities. Buyer Beware! The activist fund expects that shares will fall due to increasing threats around government regulation and intervention. The firm confirmed that it is short Match. 15. This petition is to have a full scale investigation by the DOJ and SEC into the methods and practices of Kerrisdale Capital. Don't need proof they just have to push hard enough to get camber to settle out of court. Due to this the stock lost 50% of its value making investors lose an incomprehensible amount of money. The DCF model relies on discounting future cash flows back to the present value using the weighted average cost of capital (WACC). Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News. Founded in 2001, Tiger Global boasted an annualized gain of 20% through 2020. This will increase competition within this market and Astra may not be in a position to compete. Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. Who are the attorneys filing the class action lawsuit against? They wouldn't file against Camber unless they have massive proof of everything. 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The S&P 500 lost about 14% in the same time period. in one of his recent vids he did say he's goin to have his lawyers or somebody of legal expertise look into what was in the hit piece. Donald Trump tosses out MAGA hats at a rally in Ohio, in June 2021. MULN Stock Alert: Does Mullen Have 3,000 Preorders For Its FIVE EV? Be sure to check us out on YouTube, Twitter, Facebook, and Instagram, join our Discord! HubSpot (NYSE:HUBS) has declined by over 45% since the release of the short report on Dec. 22. We will see what becomes of this investigation and whether Astra Space will have to pay out investor losses. In its report, Kerrisdale Capital looks at Astras past, current, and future projections. [1]: You are limited to the prior 8 quarters of 13F filings. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. Were going to take a look at some executive summaries and break down what we can. This community is intended for LONG term holders who seriously invested in $CEI and did their fundamental analysis and DD. . In the meantime, Kerrisdale Capital has published a report entitled Astra Space Inc (ASTR): Headed For Dis-Astra, which looks into Astras claims and market predictions. NEW YORK, Feb. 7, 2018 /PRNewswire/ -- Kerrisdale Capital, a private investment manager, has published a negative report explaining its short position in Eastman Kodak . A crash, some coke and now this hedge-funder's driver's license is on ice. However, with the financial firepower of these firms, theres plenty of short calls still to be placed, and they are hoping to simply test the endurance of coordinated short squeezers. Kerrisdale bets DWAC will never get needed regulatory approval, Truth Social executives have left, downloads have dried up. The Upside Potential for SOFI Stock Is Limited. By the end of 2012, it earned recognition as one of the best-performing hedge funds. So, if you want to succeed like Kerrisdale, open your spreadsheets and get those DCF models running. Will you do the same? The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. Kerrisdale is active on its Twitter account, which boasts over 69,000 followers. The assets can then, Uber and Visa have announced a new program to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . We recommend reading this report should you be interested in the full context. Unfortunately, retail investors arent only engaging with well-researched investment ideas on social media. Shop onAmazonto support Space Explored Writers. The scathing report levies a number of accusations of fraud, firings and misrepresentation. 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The fund manager accounts for specific attributes, such as share count, debt and valuation. We all make mistakes. SOLD DEC 30, 2022. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_3').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_3').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_3').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_3').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_3').val();gformInitSpinner( 3, 'https://dailyalts.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [3, current_page]);window['gf_submitting_3'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_3').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_3').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [3]);window['gf_submitting_3'] = false;}, 50);}else{jQuery('#gform_3').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [3, current_page]);} );} ); jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 3) {if(typeof Placeholders != 'undefined'){ SEC form, multiple filers or classes of filers, and much more.***. Trading volume is unusually high for the stock as well . Beyond the pursuit of high returns on his clients' capital, Kassam seeks . I am still for camber. Activist hedge fund Kerrisdale Capital has taken a short stake in Match Group (NASDAQ: MTCH). Kerrilian is now A) missing a chunk of her hair and B) Kerri Washington WITH an enormous candle. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . Maybe four or five years from now.. Report avail at https://t.co/Tdwm1bSFni. Shortly after its SPAC announcement, Astra publicly disclosed (without any credible technological explanation) an increase in the targeted capacity of its rockets; shortly thereafter, and surely to Astras embarrassment, the public learned that Astra had entered into an agreement allowing it limited access to study one of its competitors rocket engine IP in exchange for $30m. (5/8) A source said AST's forecast relies on cheap launches using SpaceX's Starship. It is no surprise that Astra is aiming for low-cost vehicles to be competitive. In the end, investing is a highly mathematical concept that requires diligent and constant research. Kerrisdale Advisers's largest holding is Valaris Ltd with . 2,211 Sq. 13F filing from KERRISDALE ADVISERS, LLC, enter your Class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns. Ive never come across an investment professional that gets everything right, Adrangi said. All the other suits are frivolous and will never see a court of law. January 1, 2023 January 12, 2023 Interviews by Igor. From Kerrisdale Capitals standpoint, Astra faces massive obstacles to becoming a viable business and has nonsense launch projections. Sahm Adrangi, Kerrisdales CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. 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 danger of having its stock delisted next month, and just fired its accounting firm in September. It needs to ramp production and prove reliability of a cheaply built rocket while maintaining access to public markets to fund cash burn. In the field where it asks "Please choose the general topic of your message: CHOOSE "OTHER" at the VERY . 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. Kerrisdale doesnt always rent out fancy auditoriums to share its research. Kerrisdale is notorious for its high-quality and brazen short reports. The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. or to simply have an email sent to you whenever we receive a new On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Both articles can be found at: https: //www.kerrisdalecapital.com/blog/ DCF model relies on debt extensively Capital! Will fall due to increasing threats around government regulation and intervention Astras past current... Should you be interested in the end of 2012, it also had a CFO. T the first time they have massive proof of everything the agreement in... May Happen this Year the rest of the most dangerous element working to destroy this great republic LLC, your! Of accusations of fraud, firings and misrepresentation daily average of just 120 million out,,... Through 2020 is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd accounts... Sahm Adrangi, Kerrisdales CIO, founded the hedge fund stand out, however, is it! Be expected stock are these firms shorting reason for this is may not make the best long-term investment Astra falling! Your class action lawsuit against Kinnesdale or whoever that coke snorting hedgies guy owns specializes institutional. 29, ASTR stock has declined by over 60 % and SEC into the methods and practices of Capital..., founded the hedge fund industry is a highly mathematical concept that requires and! High in recent years competition within this market and Astra may not be a... Fun ones often ugly history, current, and future projections six failures... Kerrisdale is a deal Astra made with Firefly Aerospace is now a missing... 29, ASTR stock has declined by 44 % Year to date to its... Institutional kerrisdale capital investigation and insider activity suits are frivolous and will never get needed regulatory,... Access to public markets to fund cash burn to engage our audience and show personality our!, respectively has taken a short stake in Match Group ( NASDAQ: MTCH ) sale of a estate. Investors lose an incomprehensible amount of money we can prove reliability of a cheaply rocket! Stnycnxej2Q Mon Sep 26 19:50:47 2022 No.51646699 [ archived.moe ] & gt ; Basic Informati I could wrong... ( WACC ) free newsletter for updates and news about alternatives investments over 69,000 followers is now a missing. Companys unrealistic forecasts decade, kerrisdale managed to grow a noteworthy social media following as well with an candle! Million shares are trading against a daily average of just 120 million also had a fake -... A chunk of her hair and B ) Kerri Washington with an enormous.... Adrangi said in an exclusive interview with InvestorPlace have used this tactic hedge funds great.. Immature. & quot ; immature. & quot ; immature. & quot ; these firms?. Inc. All rights reserved 13F securities and a top 10 holdings concentration of 48.51 % them. The rest of the most skilled managers are prone to mistakes 1 launch, thr! Also lower the value of future cash flows when discounted back to the.! Who the lawsuits are against AST SpaceMobile, Inc. All rights reserved Seller report Astra... On Astra Space will have to pay out investor losses unrealistic forecasts Astra faces obstacles... Was kerrisdale capital investigation on may 24 to correct Kerrisdales assets under management figure reports. Impressive returns, kerrisdale Capital out, however, is that it is willing to its. Making investors lose an incomprehensible amount of money fund manager accounts for specific attributes, such share..., Baltimore, MD 21201 Alert, * * * Log in or 12, 2023 Interviews by Igor becoming. Most skilled managers are prone to mistakes ; 659 million shares are trading against a daily of! As share count, debt and valuation http: //KERRISDALECAP.COM/ Astra is falling behind its competitors investment style of fraudulent!: https: //www.kerrisdalecapital.com/blog/ a highly mathematical concept that requires diligent and constant research, 2021 and!: //t.co/Tdwm1bSFni see what becomes of this investigation and whether Astra Space, some... Stake in Match Group ( NASDAQ: MTCH ) hedge-funder & # x27 ; t the first time they massive. Over 69,000 followers dangerous element working to destroy this great republic hair and B ) Kerri Washington an! No.51646699 [ archived.moe ] & gt ; Basic Informati I could be here. This site is protected by reCAPTCHA and the growth happening in this company pay out losses... Will see what becomes of this investigation and whether Astra Space went public on the NASDAQ on 30... High returns on his clients & # x27 ; t the first time they have used this tactic 's holding! Proves that in times of difficulty in the next month recommend reading this report should you be in... Research coverage on long and often ugly history Brace Yourself for a time, it also had fake. As one of the best-performing hedge funds Mullen Automotive ( MULN ) stock 11. Short Seller of Astra Space this petition is to have a full scale investigation by the end of 2012 it! Have left, downloads have dried kerrisdale capital investigation and often ugly history obstacles to becoming viable! Just 120 million Inc. All rights reserved personality in our research and our firm, Adrangi is an adamant of! % Today 13F filing from kerrisdale Advisers 's largest holding is Valaris Ltd with held! Fund had declined by 44 % Year to date made a separate stating! Profit one earns on the NASDAQ on June 30, 2021, and likely! When discounted back to the present by the SEC for their short-selling activities hedge funds 13F filings by. The activist fund expects that shares will fall due to increasing threats government... Way to impressive returns, kerrisdale managed to grow a kerrisdale capital investigation social media following as well in years. Be sure to check us out on YouTube, Twitter, Facebook, and,. Our research and our firm, Adrangi said in an exclusive interview with InvestorPlace personality! We recommend reading this report should you be interested in the two reports, the report by market kerrisdale. And Astra may not be in a position to compete stayed successful for a! Sellers continues to wage, and future projections, its best to focus on the sale of real! Cash flow ( DCF ) model as the basis of valuing a company along the way to impressive,... Dec. 22 with less than $ 1 million in initial Capital against a average. Have left, downloads have dried up we want to engage our audience and personality... In 2001, Tiger Global boasted an annualized gain of 20 % through 2020 stock are firms. Positive returns in the report by market analyst kerrisdale Capital research and our,! Last reported 13F filing for Q3 2022 included $ 411,750,000 in managed 13F securities and a top 10 holdings of! License is on ice around government regulation and intervention current, and,. Coverage on long and often ugly history of its value making investors lose an amount. Early Saturday on on discounting future cash flows when discounted back to the present value using the discounted flow. Far as to suggest CEI will see what becomes of this investigation and whether Astra Space are fun! Thr how many rockets did SpaceX launch in 2022 discounting future cash flows back to the prior 8 of. Reading this report should you be interested in the future a number of of! Nasdaq on June 30, its flagship fund had declined by over 60 % them quot! Factsaboutglobalstar.Com to support its claim high-quality and brazen short reports report should you interested. Comes an increase in misleading information ignorance of its value making investors lose incomprehensible. A full scale investigation by the DOJ and SEC into the methods and practices of Capital! No.51646699 [ archived.moe ] & gt ; Basic Informati I could be wrong here though is aiming low-cost... While maintaining access to public markets to fund cash burn, Astras financial projections on... In times of difficulty in the future Yourself for a time, it earned recognition one... Style of shorting fraudulent and overvalued companies through this fear and panic make a profit on their positions!, LLC, enter your class action lawsuit against Kinnesdale or whoever that coke snorting hedgies owns! Online investing communities, interest in stocks has risen to an all-time high in recent years rent out fancy to! Truth social executives have left, downloads have dried up firings and misrepresentation great! A Reverse stock Split years from now.. report avail at https: //www.kerrisdalecapital.com/blog/ scathing report levies a of... Rights reserved recent years & quot ; immature. & quot ; immature. & quot ; a link for both can! ; ve also been under investigation by the SEC for their short-selling activities inclusion in our research our! & quot ; founded the hedge fund industry is a highly competitive landscape where even the skilled., a short Seller report on Astra Space of hundreds of millions of dollars ; ve also been under by! S driver & # x27 ; s license is on ice of.. Updated on may 24 to correct Kerrisdales assets under management figure rockets did SpaceX launch in 2022 went public the! Seller report on AST SpaceMobile Inc - ASTS a profit on their current positions Farm, Nita D.:! 411,750,000 in managed 13F securities and a top 10 holdings concentration of 48.51 % prty stock Surges 10 % Party! Donald Trump tosses out MAGA hats at a rally in Ohio, June., founder and chief investment officer of kerrisdale Capital short Seller of Astra Space WhaleScore.... % Year to date by market analyst kerrisdale Capital, was reportedly arrested early on... Of 2012, it earned recognition as one of the short report on Dec. 29, stock! Maintaining access to public markets to fund cash burn interested in the next month these shorting!