🚨"Hindenburg Research has a track record of uncovering companies" 🧵
1) Nikola Motors:
In Sep 2020, The stock tumbled from $34 to $2.5, representing a nearly 95% decline after Hindenburg exposed a multitude of alleged falsehoods and deceptions by Nikola.
#Hindenburg
1) Nikola Motors:
In Sep 2020, The stock tumbled from $34 to $2.5, representing a nearly 95% decline after Hindenburg exposed a multitude of alleged falsehoods and deceptions by Nikola.
#Hindenburg
2) WINS Finace: In June 2020, exposed that certain crucial information was not disclosed to investors by the company.
Impact: Approximately 4 months later, in Oct 2020, NASDAQ removed WINS from the stock exchange as a result of the undisclosed asset freeze.
Impact: Approximately 4 months later, in Oct 2020, NASDAQ removed WINS from the stock exchange as a result of the undisclosed asset freeze.
3) Genius Brands: June 2020
Impact: The stock price has dropped significantly from $6.86 to $0.68, a decline of 90%.
Impact: The stock price has dropped significantly from $6.86 to $0.68, a decline of 90%.
4) China Metal Resources Utilization: In May 2020, Hindenburg identified numerous accounting irregularities.
Impact: Stock tumbled by 95%.
Impact: Stock tumbled by 95%.
5) Predictive Technology Group: In March 2020, Hindenburg questioned company’s COVID-19 claims.
Impact: Company’s stock lost 90% of value.
Impact: Company’s stock lost 90% of value.
6) Yangtze River Port & Logistics: In Dec 2018, Hindenburg highlighted the irregularities in company’s assets.
Impact: The company was delisted from NASDAQ 6 months later, lost over 98% of its market cap.
Impact: The company was delisted from NASDAQ 6 months later, lost over 98% of its market cap.
"Only time will determine the veracity of the information provided by Hindenburg Research on Adani Group."
In the meantime, this has contributed to increased volatility in the Indian stock market apart from upcoming Budget event.
In the meantime, this has contributed to increased volatility in the Indian stock market apart from upcoming Budget event.
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