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They had a pretty serious report against Nikola that forced the CEO to step down and started an SEC investigation. They also forced a CEO stepdown at Lordstown
by graeme 5y ago
They had a pretty serious report against Nikola that forced the CEO to step down and started an SEC investigation.
They also forced a CEO stepdown at Lordstown motors, got the SEC to investigate and forced the company to amend their accounting statements.
https://en.m.wikipedia.org/wiki/Hindenburg_Research https://en.m.wikipedia.org/wiki/Hindenburg_Research
And their reports have been pretty accurate this year based on long term market reaction: https://breakoutpoint.com/blog/2021/10/activist-short-selling-q3-2021/ https://breakoutpoint.com/blog/2021/10/activist-short-sellin...
- panick21_ 5y agoThe thing is, anybody that actually followed that industry in any serious way and had any technical understanding knew that that company was full of shit. A number of stories were already floating around from former employees. The company was the most obvious scam I have seen in my life. With minimal intelligence and just 10 min of listening to the CEO made clear that it was a scam company. Sure they went threw the effort and and gathered that stuff up and did some research, but it was hardly some master-journalism that was required.
- graeme 5y agoThat may be, but the report had a striking effect. This is a thread about Tether, another company that is an obvious scam, that even once admitted in court a few years back that they were only 74% backed. If Hindenburg makes a report formalizing everything and getting some new research, that might well have a similar effect.