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. or to simply have an email sent to you whenever we receive a new ? 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. In addition, these businesses should have attractive margins that generate free cash flow.. Capital gain is the profit one earns on the sale of a real estate asset. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Thats good for the markets, Adrangi said. All rights reserved. But even beyond Virgin, the firm is confident in its stand against many retail-trader favorites. For example, Astras financial projections relied on 165 and 300 rocket launches for 2024 and 2025, respectively. When completed, an email will be sent to the email address you specify Being there is a HUGE investigation going on right now. 2,211 Sq. Go fill out a form floating around. Article printed from InvestorPlace Media, https://investorplace.com/2021/10/cei-stock-and-4-other-big-names-kerrisdale-capital-has-sold-short/. MIAMI, FL | All Rights Reserved | Privacy Policy | Terms & Conditions. 703 Number of Organizations $8.1B Total Funding Amount 240 Number of Investors. As of April 30, its flagship fund had declined by. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. For example, if less testing is done on some component or system of the rocket, thats less time wasted, and time is money. Its only real asset is a 73% stake in Viking Energy, an OTC-traded company with negative book value and a going-concern warning that recently violated the maximum-leverage covenant on one of its loans. Rather, the company says its success is dependent on ignorance of its long and often ugly history.. Man CEI is on the map pull your heads out of your asses were getting paid hold.plus innovative technology that can save our planet sell and be that guy that sold Amazon in their early stages. 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. Buyer Beware! Subscribe to WhaleWisdom to view all filing data Along the way to impressive returns, Kerrisdale managed to grow a noteworthy social media following as well. Kerrisdale also stated that Cambers share count had increased 50 million fold from early 2016 to July 2021. The losses threaten to erase the gains it has earned over the last month of trading. articles a month for anyone to read, even non-subscribers! Following its first successful launch to orbit, the company announced its first launch from Florida. The companys financial statements also warned of substantial doubt regarding the Companys ability to continue as a going concern., , for example. Astra's stock price plummeted following the report by market analyst Kerrisdale Capital, a short seller of Astra Space. Short Seller Kerrisdale Capital Shares Its Secrets for Success in the Markets, has consistently generated positive returns in the form of hundreds of millions of dollars. 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. Adrangi takes a very mathematical approach when researching companies. How Is That a Good Thing? A prime actor in this affair is an obscure Chinese investment firm, ARC Group, that has been repeatedly punished by the SEC for lying about the true nature of businesses that turned . Kerrisdale Capital also alleges the "market is badly mistaken about Camber's share count and ignorant of [Camber's] terrifying capital structure," estimating the Company's "fully diluted share count is roughly triplethe widely reported number." On this report, the price of the Company's stock plummeted. 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. Sahm Adrangi - Founder & CIO of Kerrisdale Capital. Due to this the stock lost 50% of its value making investors lose an incomprehensible amount of money. Why Kerrisdale Capital is Short Match Group. Investing in the stock market should be a lot more mathematical than anything else. This agreement came to light following Astras infamous powerslide launch, in which a Delphin rocket engine (developed by Astra) shut down shortly after liftoff. With Starship timing uncertain and SpaceX now a direct competitor, BB1 timing should suffer. 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. On October 3rd, 2021 Kerrisdale Capital announced their position in Camber Energy Resources Inc, within the article, twitter, and blog posts went so far to state that CEI would be delisted within the next month due to not keeping up with their financial filings. It needs to ramp production and prove reliability of a cheaply built rocket while maintaining access to public markets to fund cash burn. Feb 8, 2022 5:36 PM EST. Then, in 2016 it had less luck, as it has lost 1.89%, but it came back on track in the following . The MSM is the most dangerous element working to destroy this great republic. A consultant who reviewed plans for BB1 components called them "immature.". 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. 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 it public. Spruce published on Nuvei . The war between retail investors and institutional short sellers continues to wage, and theres likely no end in sight. The U.S. Securities and Exchange Commission (SEC) on Monday said more than two dozen investment advisers and broker-dealers agreed to settle charges that they failed to file a key form designed to . Copyright For example, in the Astra report, the subtitle reads Headed for Dis-Astra.. I want to know who the lawsuits are against. 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. 4. Investment firms are surely a little nervous when they announce a new short position. is_redirect && ! The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. !" Subscribe to our free newsletter for updates and news about alternatives investments. It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. 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. This site is protected by reCAPTCHA and the Google. Remember the Alamo!!!!! All text and design is copyright 2020 WhaleWisdom.com. Astra Space went public on the NASDAQ on June 30, 2021, and finished its day at $12.90 a share. You are limited to the prior 8 quarters of 13F filings. Copyright 2023 InvestorPlace Media, LLC. 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. Furthermore, Adrangi is an adamant supporter of using the discounted cash flow (DCF) model as the basis of valuing a company. The agreement referred in the report is a deal Astra made with Firefly Aerospace. Revenue: $1 to $5 million (USD) Competitors: Unknown. You must have a subscription to view WhaleScore histories. Louis Navellier and the InvestorPlace Research Staff. CEIs filings arent current & delisting is a real risk 6/7, Since 2012, Viking has rebranded several times and changed up its leadership, such as through bringing on James Doris as CEO to revamp the company. Kessler Topaz is suing Kerrisdale on our behalf. Moez Kassam is a top-performing hedge fund manager and successful entrepreneur. 13F filing from KERRISDALE ADVISERS, LLC, enter your Washington D.C., Feb. 4, 2021 . Kerrisdale is shorting CEI, and it's rubbing its position in the face of meme-stock investors. SOLD DEC 30, 2022. Adrangi thinks its reasonable that a recession will occur in the next year due to rising interest rates that may detrimentally affect the U.S. housing market. jQuery(document).ready(function($){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 && ! Plays like Plug Power (NASDAQ:PLUG),Tattooed Chef (NASDAQ:TTCF)andfuboTV (NYSE:FUBO) are all targets of the institution. Kerrisdale Capital's short of Meta Materials, a Canadian tech company, led to the next biggest drop. and a top 10 holdings concentration of 48.51%. Management lowered fiscal 2018 guidance for revenue from $943 million to $920 million and for earnings per share from $3.26 to $2.85 . It's Kerrisdale Partners LP fund returned strong 27.15% in 2013, 14.03% in 2014, 16.39% in 2015. Throughout the past decade, Kerrisdale hasnt lost its touch for flair. The scathing report levies a number of accusations of fraud, firings and misrepresentation. 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. Kerrisdale Advisers has met the qualifications for inclusion in our WhaleScore system. All I've seen so far is "investigations" announced by what appears to be ambulance chasers. Be sure to check us out on YouTube, Twitter, Facebook, and Instagram, join our Discord! 2022. Monogram Health, a company that provides in-home care and benefit management services for patients living with chronic conditions, has closed a $375 million funding round. or we can just @ Doris on twitter he usually responds. The dialogue that goes on Twitter is helpful for everyone, and I think it makes everyone more educated. This petition is to have a full scale investigation by the DOJ and SEC into the methods and practices of Kerrisdale Capital. This community is intended for LONG term holders who seriously invested in $CEI and did their fundamental analysis and DD. The hedge fund industry is a highly competitive landscape where even the most skilled managers are prone to mistakes. However he also remarked that easing inflation and adequate supply chains may be a long time from now. Kerrisdale has a creative and opportunistic work culture with a decentralized investment process. A crash, some coke and now this hedge-funder's driver's license is on ice. Ive never come across an investment professional that gets everything right, Adrangi said. Unfortunately, retail investors arent only engaging with well-researched investment ideas on social media. Sahm Adrangi is no stranger to being transparent on social media; he joined Twitter in 2012 and before that, he was posting anonymously on . Get Kerrisdale Condo Details, recent transaction prices, pricing insights, nearby location, condo reviews, and available condo units for sale and for rent. It is no surprise that Astra is aiming for low-cost vehicles to be competitive. All rights reserved. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. 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%. Astra Space went public on the NASDAQ on June 30, 2021, and . 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. The losses threaten to erase the gains it has earned over the last month of trading. Edit Lists Featuring This Company Section. Kerrisdale Advisers is based out of Miami. Directly support Jared by joining hisPatreon(recurring support), or donate throughKo-Fi(one-off support). There are 2 lawyers so far for investors who chose to seek damages. . This field is for validation purposes and should be left unchanged. 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 . The thrill of the unexpected should be confined to going on a new date, not investing in the company that helped you find it,said Sahm Adrangi, the hedge funds founder in an interview with Reuters. Privacy Policy | Terms & Conditions an email sent to you whenever we receive a?! Intended for LONG term holders who seriously invested in $ CEI and did their fundamental and. Jared by joining hisPatreon ( recurring support ), or donate throughKo-Fi one-off! For LONG term holders who seriously invested in $ CEI and did their fundamental analysis and DD Cambers. Be ambulance chasers & quot ; immature. & quot ; immature. & quot ; access to public markets to cash... To check us out on YouTube, Twitter, Facebook, and it 's rubbing its position in the of... Its day at $ 12.90 a share due to this the stock market be! Of April 30, 2021, and Instagram, join our Discord with Firefly Aerospace Virgin the. Wall Street money manager at a Main Street price D.C., Feb. 4,.. 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