I am still for camber. This agreement came to light following Astras infamous powerslide launch, in which a Delphin rocket engine (developed by Astra) shut down shortly after liftoff. January 1, 2023 January 12, 2023 Interviews by Igor. 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). for 2024 and 2025, respectively. | All Rights Reserved | Privacy Policy | Terms & Conditions. 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. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Edit Lists Featuring This Company Section. DWAC has admitted it is under SEC investigation for statements made in its S-1, as well as the timing and circumstances surrounding its proposed merger with TMTG. . jQuery(document).ready(function($){gformInitSpinner( 3, 'https://dailyalts.com/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_3').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_3');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_3').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. 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. However he also remarked that easing inflation and adequate supply chains may be a long time from now. In 2014, Kerrisdale rented out a Manhattan auditorium and gave a three-hour-long presentation to investors on why Globalstars (NYSEMKT:GSAT) valuation at the time was irrational. From 2015 to the first half of 2021, Vikings cumulative net income totaled negative $105 million. ? In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. Take Chase Colemans Tiger Global, for example. The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. Camber Energy (NYSE: CEI) has become a bit of a meme stock as of late, a result of Twitter user @MrZackMorris pushing the name to his followers.An oil and gas name whom no doubt has enjoyed the recent excitement in the energy space, the company became the latest target this week of short sellers, with Kerrisdale Capital dropped a report on them Tuesday morning. 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. As a result, Adrangi believes that theres just a lot of garbage in the markets., Adrangis latest short reports focus on names that are popular with retail investors, such as. All the other suits are frivolous and will never see a court of law. 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[2]: Kerrisdale is a 99-year Leasehold property, located in Farrer Park / Serangoon Rd. The online dating operator owns Tinder and Match.com. Report at https://t.co/s3QiLOk7Zo. Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) [email protected], Netflix advertises private jet flight attendant job for $385,000, Fed's Mester says rates need to rise "a little bit" above 5%, Elon Musks Twitter sells espresso makers, computers, Football and Finances: NFL's Ndamukong Suh teaches kids money smarts, NASA awards $425 million for Boeing fuel-efficient airliner research project. ChatGPT Sounds Exactly Like Us. As a result, Adrangi believes that theres just a lot of garbage in the markets., We are short $DWAC. Astra also has plans to build its own satellite constellation in the future. 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). These short positions, each initiated after the GME- and AMC-led retail-investing craze, exemplify an institution unafraid of short-squeeze investing living on much longer. 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 . 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. Such a situation may prove advantageous for Kerrisdales investment style of shorting fraudulent and overvalued companies. View Last Form Adv Compilation Report on Record, HTTPS://WWW.LINKEDIN.COM/COMPANY/KERRISDALE-CAPITAL-MANAGEMENT-LLC/, HTTPS://WWW.HVST.COM/ORGANIZATION/KERRISDALE-CAPITAL, HTTPS://SEEKINGALPHA.COM/AUTHOR/KERRISDALE-CAPITAL-MANAGEMENT. Everything was taken. A crash, some coke and now this hedge-funder's driver's license is on ice. 3D WALKTHROUGH. And soon, the company will have just been a dream too. Louis Navellier and the InvestorPlace Research Staff. Sometimes it's just a fight for the good things. Following this news, Cambers stock price fell $1.56, or over 50%, to close at $1.53 per share on October 5, 2021. Nasdaq The agency alleges it engaged in these practices to attract new subscribers. Rocket Lab, Relativity, ABL, and Firefly all have plausible plans to produce 1,000kg+ rockets that will be entering the market in the near term; by contrast, Astra aspires to produce a 500kg rocket two years from now. The Upside Potential for SOFI Stock Is Limited. In the end, investing is a highly mathematical concept that requires diligent and constant research. }} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} ); jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [3, 1]) } ); Invesco has introduced a new ETF, the Invesco Global High Yield Corporate Bond ESG UCITS ETF, that aims to tap into the growing demand for both high yield and ESG-focused. Through this fear and panic make a profit on their current positions. 703 Number of Organizations $8.1B Total Funding Amount 240 Number of Investors. It should be noted that I am not a Financial Advisor, and this is not financial advice. Commentary. Based on this years returns alone, youd be surprised to hear that Coleman is regarded as one of the best hedge fund managers of all time. Throughout the past decade, Kerrisdale hasnt lost its touch for flair. Adrangi thinks its reasonable that a recession will occur in the next year due to rising interest rates that may detrimentally affect the U.S. housing market. Melvin Capital Management, Sophos Capital Management, Orso Partners, Kerrisdale Capital Management, and even Hindenburg Research all appear to be under some form of investigation. 1125 N. Charles St, Baltimore, MD 21201. Report avail at https://t.co/mIscXnnEmd. On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. Sign-up Copyright 15. 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. and the company is accused of 'highly suspicious operations' by the company and also indicates that they await SEC investigation of the company, shortly. Google News, Jared is a Photographer and Writer for Space Explored based out of Orlando, FL. Get the latest business insights from Dun & Bradstreet. 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. . In light of the market decline, though, Kerrisdales publicly disclosed short positions have been doing extremely well. The firm will be seeking recovery of investor losses through a class action. Ive never come across an investment professional that gets everything right, Adrangi said. Published . A source said AST's forecast relies on cheap launches using SpaceX's Starship. Recently, the fund started adding punny subtitles to its reports to add a breath of humor. 2023 InvestorPlace Media, LLC. What makes the hedge fund stand out, however, is that it is willing to share its secrets with the public. 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. Viking has seen multiple auditors quit, with most recent change a chilling 3 wks ago. We are a fast-growing fundamental long-short fund with an activist bent. Spruce published on Nuvei . Company updates, market commentary, case studies and other topics we consider worth . 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 . Sahm Adrangi, Kerrisdale's CIO, founded the hedge fund in 2009 with less than $1 million in initial capital. At the time of publication, Astra had only successfully launched one rocket into orbit after six previous failures. On December 14th, 2021 they announced their position in Meta Materials Inc. and posted it to their twitter and blog page, baseless speculation and slander are found throughout the post. We believe Astras reliability goal for its rockets is 80% (which itself is not exactly confidence inspiring). In its report, Kerrisdale Capital looks at Astras past, current, and future projections. Investments. 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. The Federal Trade Commission sued Match Group in 2019 for what it called "deceptive or unfair practices." The agency alleges it engaged in these practices to attract new subscribers. Founded in 2001, Tiger Global boasted an annualized gain of 20% through 2020. Astras stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. To sign up for our monthly email list, please complete the registration form at . For yrs, CEO Doris ran Viking with an allegedly fake CFO. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. The agreement referred in the report is a deal Astra made with Firefly Aerospace. 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