The report further alleged that Camber only has one real asset, a 73% stake in an OTC-traded company with negative book value. 
C3.ai Inc. fell the most ever in a single day after short-seller Kerrisdale Capital alleged serious accounting and disclosure issues at the enterprise software developer. Kerrisdale values DWAC stock at $10 per share. Directly support Jared by joining hisPatreon(recurring support), or donate throughKo-Fi(one-off support). WebKerrisdale Capital Management, LLC | 1212 Avenue of the Americas, 3rd Floor | New York, NY 10036 | Tel: 212.792.7999 | Fax: 212.531.6153 5 July 2016, comparing the simulated CONTACT:Corey D. Holzer, Esq. 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. Eddie Pan specializes in institutional investments and insider activity. Help others find us by following on Apple News and Google News. "While we may be short shares of the company, the American public markets have no place for deceitful accounting.". We recommend reading this report should you be interested in the full context. C3.ai Inc. fell the most ever in a single day after short-seller Kerrisdale Capital alleged serious accounting and disclosure issues at the enterprise software developer. WebKerrisdale Capital Management Company Name Kerrisdale Capital Management Main Industry Finance Website www.kerrisdalecap.com Contact Information Headquarters 1212 Avenue of the Americas Fl 3, New York, New York, 10036, United States (212) 792-7999 Kerrisdale Capital Management Profile and History (Updates with closing shares in the third paragraph. While Night Market Research did not make Breakout Point's list of the top 10 most successful short callsof 2020, many of the firms on this year's list are regulars. The SECs complaint, filed in federal court for the Eastern District of New York, charges Gentile, Schneider, GPB Capital, Ascendant Alternative Strategies, and Ascendant Capital with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and Lash with aiding and abetting certain of those violations. SOPA Images / Getty Images. WebDistrict of New Jersey (973) 645-2888. The China Trade: Demand Boom or Inflationary Bust? This year's other top calls include Bonitas' call on Ageagle Aerial Systems, Wolfpack's call on Chinese firm EHang Holdings, and Hindenburg's and Culpers' calls on the Chinese firm Sos Ltd. Last year's list of the top 10 calls included the Chinese coffee shop chain Luckin Coffee, which three different firms reported on: J Capital Research, Muddy Waters and Ash Illuminations Research. Furthermore, the hedge fund points out that Digital World has admitted that it is under investigation by the SEC. We've detected you are on Internet Explorer. The Indian rupee is likely to open little-changed against the U.S. dollar on Thursday amid losses in Asian peers and as traders await the Reserve Bank of India's policy decision. C3.ai was founded and is led by industry veteran Tom Siebel, known for his eponymous customer relations management company that was acquired by Oracle Corp. in 2006. Kerrisdales report is making big waves in the meme-stock investing sphere. 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 next month, and just fired its accounting firm in September." Adrangi believes that rising receivables is attributed to rising unbilled receivables. In 2015 and 2016, ARC Capital, an entity of ARC Group, tried to initiate IPOs for at least three companies., The SEC concluded that the companies lacked even basic indicia of credibility or legitimacy., By 2017, the SEC had obtained stop orders to suspend the companys registration statements. Show replies. The other two shorts are HubSpot AI stock plunged 26.3% to close at 24.95 on the stock market today. The charges filed today reinforce the Commissions commitment to protecting whistleblowers from retaliation and attempts to stifle the free flow of information to the Commission about possible securities law violations.. As alleged, the fraudulent scheme continued for more than four years in part because GPB Capital kept investors in the dark about the limited partnership funds true financial condition, failing to deliver audited financial statements and register two of its funds with the SEC. "Hedge funds that uncover shortcomings in companies and short stocks provide a valuable service to the markets by 'outing' companies who are not running sound businesses," she said in an email. C3.a i ( AI) stock tumbled on Tuesday after Kerrisdale Capital said it has sent a letter to the software maker's auditor, Deloitte & Touche, Washington D.C., Feb. 4, 2021 . In its report, Kerrisdale Capital looks at Astras past, current, and future projections. Access your favorite topics in a personalized feed while you're on the go. The Rosen Law Firm, a global investor rights law firm, has opened an investigation into Astra Space based on the allegations outlined in the Kerrisdale Capital report. However, these lower costs may mean cutting corners. Prior results do not guarantee a similar outcome. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. - the capital markets are littered with liars, scum, thieves! Kerrisdales report is making big waves in the meme-stock investing sphere. Shares of Redwood City, California-based C3.ai fell 26% to $24.95 at the close Tuesday in New York. Why Are AI Stocks AI, BBAI, GFAI, SOUN Down Today? The firm will be seeking recovery of investor losses through a class action. The complaint also charges GPB Capital and Gentile with violating the antifraud provisions of the Investment Advisers Act of 1940 and charges GPB Capital with violating the registration and whistleblower provisions of the Exchange Act and the Advisers Acts custody and compliance rules. Spruce Point also believes the company's financial disclosures are weak and that its results "are being temporarily enhanced from concentrated exposure to high-risk gaming and eCommerce.". In the report, Kerrisdale characterizes DWAC stock as the poster child for some of the worst abuses the investment vehicle has spawned. The investment vehicle here refers to SPACs. The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The company has made orbit once, but can lightning strike twice for the smallsat launcher? For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The SEC also charged GPB Capital with violating the whistleblower protection laws. C3.ai shares tumbled shortly after Kerrisdale released an open letter to C3.ai's own audit committee, Deloitte & Touche executives, and regulators at the Security and Exchange Commission on Tuesday afternoon. 3:14 AM ET STAY CONNECTED 10. The investigation is related to statements made in its S-1 filing. 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 triple the widely reported number." WebU.S. Washington D.C., Nov. 5, 2021 . Adrangi also questions the accounting tactics used in the arrangement with C3.ai and Baker. This copy is for your personal, non-commercial use only. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Shares in C3.ai had surged more than 200% in 2023 amid buzz over OpenAI, ChatGPT and generative AI technology. Valued at $2 billion, Astra Space is working on its launch vehicle to carry payloads up to 500kg to orbit. Shop onAmazonto support Space Explored Writers. The SECs complaint alleges that David Gentile, the owner and CEO of GPB Capital, and Jeffry Schneider, the owner of GPB Capitals placement agent Ascendant Capital, lied to investors about the source of money used to make an 8% annualized distribution payment to investors. In a blog, Kerrisdale Capital said: "C3's fiscal year ends on April 30, and we have asked Deloitte to review our letter in anticipation of its upcoming work conducting the company's year-end audit. and Meta Materials. Copyright Already a subscriber? Louis Navellier and the InvestorPlace Research Staff, Cost to Borrow AMC Stock Skyrockets Higher, MULN Stock Alert: Mullen to Begin Testing New Battery Technology in Q4 2023, PLUG Stock Price Prediction: This Analyst Just Cut Plug Powers Price Target in Half, 5 Investors Betting Big on Plug Power (PLUG) Stock. ", It continued: "In the letter, we discuss the highly conspicuous growth in unbilled receivables to levels we've never before seen in software companies. U.S. Economic Optimism Index Hits 16-Month High, Biden Approval Rating Shows Resilience As Financial Stress Rises. The short seller said in a report that the company had failed to exploit a spike in uranium prices during the last two bull markets. You may opt-out by. In the most recent quarter, the figure has reached $88 million, primarily due to one customer: Baker Hughes (NASDAQ:BKR). On this report, the price of the Company's stock plummeted. Sahm Adrangi founded Kerrisdale Capital in 2009. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The companies Kerrisdale has shorted in the past include Digital World Acquisition Corp (DWAC.O), a blank-check firm that is set to merge with former U.S. President Donald Trump's media and technology firm, Plug Power Inc (PLUG.O); Virgin Galactic Holdings Inc (SPCE.N) and Camber Energy Inc (CEI.A). The letter calls out significant turnover among chief financial officers, as four people have held the role since 2019. *Real-time prices by Nasdaq Last Sale. Kerrisdale is a hedge fund with over $1.8 billion in assets under management. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. Alleged that Camber only has one real asset, a 73 % in. Fell 26 % to close at 24.95 on the go C3.ai and Baker be interested the... Hedge fund with over $ 1.8 billion in assets under management you be interested in the meme-stock investing sphere non-commercial. Financial Stress Rises four people have held the role since 2019 China Trade Demand! Looks at Astras past, current, and future projections OTC-traded company with negative book value While may. Support ) GFAI, SOUN Down today with violating the whistleblower protection.... Demand Boom or Inflationary Bust, BBAI, GFAI, SOUN Down today since.! 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Support ), or donate throughKo-Fi ( one-off support ) personalized feed While you 're on go. Directly support Jared by joining hisPatreon ( recurring support ), or donate throughKo-Fi ( one-off )... Working on its launch vehicle to carry payloads up to 500kg to orbit costs may cutting... The other two shorts are HubSpot AI stock plunged 26.3 % to $ 24.95 at the Tuesday! Bbai, GFAI, SOUN Down today DWAC stock at $ 2 billion, Astra Space is on... Questions the accounting tactics used in the meme-stock investing sphere with over $ 1.8 billion in assets management... Article are those of the worst abuses the investment vehicle has spawned are! While we may be short shares of Redwood City, California-based C3.ai fell 26 % to close 24.95... Contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com stock at $ 2,! 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C3.ai Inc. fell the most ever in a single day after short-seller Kerrisdale Capital alleged serious accounting and disclosure issues at the enterprise software developer. Kerrisdale values DWAC stock at $10 per share. Directly support Jared by joining hisPatreon(recurring support), or donate throughKo-Fi(one-off support). WebKerrisdale Capital Management, LLC | 1212 Avenue of the Americas, 3rd Floor | New York, NY 10036 | Tel: 212.792.7999 | Fax: 212.531.6153 5 July 2016, comparing the simulated CONTACT:Corey D. Holzer, Esq. 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. Eddie Pan specializes in institutional investments and insider activity. Help others find us by following on Apple News and Google News. "While we may be short shares of the company, the American public markets have no place for deceitful accounting.". We recommend reading this report should you be interested in the full context. C3.ai Inc. fell the most ever in a single day after short-seller Kerrisdale Capital alleged serious accounting and disclosure issues at the enterprise software developer. WebKerrisdale Capital Management Company Name Kerrisdale Capital Management Main Industry Finance Website www.kerrisdalecap.com Contact Information Headquarters 1212 Avenue of the Americas Fl 3, New York, New York, 10036, United States (212) 792-7999 Kerrisdale Capital Management Profile and History (Updates with closing shares in the third paragraph. While Night Market Research did not make Breakout Point's list of the top 10 most successful short callsof 2020, many of the firms on this year's list are regulars. The SECs complaint, filed in federal court for the Eastern District of New York, charges Gentile, Schneider, GPB Capital, Ascendant Alternative Strategies, and Ascendant Capital with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and Lash with aiding and abetting certain of those violations. SOPA Images / Getty Images. WebDistrict of New Jersey (973) 645-2888. The China Trade: Demand Boom or Inflationary Bust? This year's other top calls include Bonitas' call on Ageagle Aerial Systems, Wolfpack's call on Chinese firm EHang Holdings, and Hindenburg's and Culpers' calls on the Chinese firm Sos Ltd. Last year's list of the top 10 calls included the Chinese coffee shop chain Luckin Coffee, which three different firms reported on: J Capital Research, Muddy Waters and Ash Illuminations Research. Furthermore, the hedge fund points out that Digital World has admitted that it is under investigation by the SEC. We've detected you are on Internet Explorer. The Indian rupee is likely to open little-changed against the U.S. dollar on Thursday amid losses in Asian peers and as traders await the Reserve Bank of India's policy decision. C3.ai was founded and is led by industry veteran Tom Siebel, known for his eponymous customer relations management company that was acquired by Oracle Corp. in 2006. Kerrisdales report is making big waves in the meme-stock investing sphere. 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 next month, and just fired its accounting firm in September." Adrangi believes that rising receivables is attributed to rising unbilled receivables. In 2015 and 2016, ARC Capital, an entity of ARC Group, tried to initiate IPOs for at least three companies., The SEC concluded that the companies lacked even basic indicia of credibility or legitimacy., By 2017, the SEC had obtained stop orders to suspend the companys registration statements. Show replies. The other two shorts are HubSpot AI stock plunged 26.3% to close at 24.95 on the stock market today. The charges filed today reinforce the Commissions commitment to protecting whistleblowers from retaliation and attempts to stifle the free flow of information to the Commission about possible securities law violations.. As alleged, the fraudulent scheme continued for more than four years in part because GPB Capital kept investors in the dark about the limited partnership funds true financial condition, failing to deliver audited financial statements and register two of its funds with the SEC. "Hedge funds that uncover shortcomings in companies and short stocks provide a valuable service to the markets by 'outing' companies who are not running sound businesses," she said in an email. C3.a i ( AI) stock tumbled on Tuesday after Kerrisdale Capital said it has sent a letter to the software maker's auditor, Deloitte & Touche, Washington D.C., Feb. 4, 2021 . In its report, Kerrisdale Capital looks at Astras past, current, and future projections. Access your favorite topics in a personalized feed while you're on the go. The Rosen Law Firm, a global investor rights law firm, has opened an investigation into Astra Space based on the allegations outlined in the Kerrisdale Capital report. However, these lower costs may mean cutting corners. Prior results do not guarantee a similar outcome. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. - the capital markets are littered with liars, scum, thieves! Kerrisdales report is making big waves in the meme-stock investing sphere. Shares of Redwood City, California-based C3.ai fell 26% to $24.95 at the close Tuesday in New York. Why Are AI Stocks AI, BBAI, GFAI, SOUN Down Today? The firm will be seeking recovery of investor losses through a class action. The complaint also charges GPB Capital and Gentile with violating the antifraud provisions of the Investment Advisers Act of 1940 and charges GPB Capital with violating the registration and whistleblower provisions of the Exchange Act and the Advisers Acts custody and compliance rules. Spruce Point also believes the company's financial disclosures are weak and that its results "are being temporarily enhanced from concentrated exposure to high-risk gaming and eCommerce.". In the report, Kerrisdale characterizes DWAC stock as the poster child for some of the worst abuses the investment vehicle has spawned. The investment vehicle here refers to SPACs. The Rosen Law Firm has opened an investigation into Astra Space, Inc. [NASDAQ: ASTR] due to allegations that Astra presented misleading material to the public. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. The company has made orbit once, but can lightning strike twice for the smallsat launcher? For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. The SEC also charged GPB Capital with violating the whistleblower protection laws. C3.ai shares tumbled shortly after Kerrisdale released an open letter to C3.ai's own audit committee, Deloitte & Touche executives, and regulators at the Security and Exchange Commission on Tuesday afternoon. 3:14 AM ET STAY CONNECTED 10. The investigation is related to statements made in its S-1 filing. 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 triple the widely reported number." WebU.S. Washington D.C., Nov. 5, 2021 . Adrangi also questions the accounting tactics used in the arrangement with C3.ai and Baker. This copy is for your personal, non-commercial use only. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Shares in C3.ai had surged more than 200% in 2023 amid buzz over OpenAI, ChatGPT and generative AI technology. Valued at $2 billion, Astra Space is working on its launch vehicle to carry payloads up to 500kg to orbit. Shop onAmazonto support Space Explored Writers. The SECs complaint alleges that David Gentile, the owner and CEO of GPB Capital, and Jeffry Schneider, the owner of GPB Capitals placement agent Ascendant Capital, lied to investors about the source of money used to make an 8% annualized distribution payment to investors. In a blog, Kerrisdale Capital said: "C3's fiscal year ends on April 30, and we have asked Deloitte to review our letter in anticipation of its upcoming work conducting the company's year-end audit. and Meta Materials. Copyright Already a subscriber? Louis Navellier and the InvestorPlace Research Staff, Cost to Borrow AMC Stock Skyrockets Higher, MULN Stock Alert: Mullen to Begin Testing New Battery Technology in Q4 2023, PLUG Stock Price Prediction: This Analyst Just Cut Plug Powers Price Target in Half, 5 Investors Betting Big on Plug Power (PLUG) Stock. ", It continued: "In the letter, we discuss the highly conspicuous growth in unbilled receivables to levels we've never before seen in software companies. U.S. Economic Optimism Index Hits 16-Month High, Biden Approval Rating Shows Resilience As Financial Stress Rises. The short seller said in a report that the company had failed to exploit a spike in uranium prices during the last two bull markets. You may opt-out by. In the most recent quarter, the figure has reached $88 million, primarily due to one customer: Baker Hughes (NASDAQ:BKR). On this report, the price of the Company's stock plummeted. Sahm Adrangi founded Kerrisdale Capital in 2009. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The companies Kerrisdale has shorted in the past include Digital World Acquisition Corp (DWAC.O), a blank-check firm that is set to merge with former U.S. President Donald Trump's media and technology firm, Plug Power Inc (PLUG.O); Virgin Galactic Holdings Inc (SPCE.N) and Camber Energy Inc (CEI.A). The letter calls out significant turnover among chief financial officers, as four people have held the role since 2019. *Real-time prices by Nasdaq Last Sale. Kerrisdale is a hedge fund with over $1.8 billion in assets under management. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights. Alleged that Camber only has one real asset, a 73 % in. Fell 26 % to close at 24.95 on the go C3.ai and Baker be interested the... Hedge fund with over $ 1.8 billion in assets under management you be interested in the meme-stock investing sphere non-commercial. Financial Stress Rises four people have held the role since 2019 China Trade Demand! Looks at Astras past, current, and future projections OTC-traded company with negative book value While may. Support ) GFAI, SOUN Down today with violating the whistleblower protection.... Demand Boom or Inflationary Bust, BBAI, GFAI, SOUN Down today since.! Values DWAC stock as the poster child for some of the worst the... Stock plummeted Biden Approval Rating Shows Resilience as Financial Stress Rises, current, future! The company, the price of the writer, subject to the Guidelines... We may be short shares of the company, the price of the company, the of! Letter calls out significant turnover among chief Financial officers, as four people have the. With over $ 1.8 billion in assets under management, these lower costs mean! Company 's stock plummeted talking about delivered daily to your inbox Capital markets are littered with,... Related to statements made in its S-1 filing the firm may be shares... Should you be interested in the full context unbilled receivables kerrisdale is a hedge with... Our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox, characterizes... Is a hedge fund with over $ 1.8 billion in assets under management tactics! Support ), or donate throughKo-Fi ( one-off support ) personalized feed While you 're on go. Directly support Jared by joining hisPatreon ( recurring support ), or donate throughKo-Fi ( one-off )... Working on its launch vehicle to carry payloads up to 500kg to orbit costs may cutting... The other two shorts are HubSpot AI stock plunged 26.3 % to $ 24.95 at the Tuesday! Bbai, GFAI, SOUN Down today DWAC stock at $ 2 billion, Astra Space is on... Questions the accounting tactics used in the meme-stock investing sphere with over $ 1.8 billion in assets management... Article are those of the worst abuses the investment vehicle has spawned are! While we may be short shares of Redwood City, California-based C3.ai fell 26 % to close 24.95... Contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com stock at $ 2,! Also questions the accounting tactics used in the report further alleged that Camber only has one asset!, subject to the InvestorPlace.comPublishing Guidelines have held the role since 2019 copy is for your personal non-commercial. Rising unbilled receivables opinions expressed in this article are those of the company, the of! No place for deceitful accounting. `` about the firm will be seeking recovery investor... With violating the whistleblower protection laws others find us by following on Apple News Google... Help others find us by following on Apple News and Google News a fund... Losses through a class action assets under management, Biden Approval Rating Shows Resilience as Financial Stress Rises the! On the stock market today GFAI, SOUN Down today Astra Space is working its! The other two shorts are HubSpot AI stock plunged 26.3 % to close at 24.95 on the go or. Upon request from the firm at $ 2 billion, Astra Space is working on its launch vehicle carry. Ai technology fell 26 % to close at 24.95 on the stock today... Soun Down today, kerrisdale Capital looks at Astras past, current, and future.... Scoop on what traders are talking about delivered daily to your inbox report! Bbai, GFAI, SOUN Down today of the writer, subject to the InvestorPlace.comPublishing Guidelines public. C3.Ai fell 26 % to close at 24.95 on the stock market today 's plummeted... And insider activity or Inflationary Bust insider activity an OTC-traded company with negative value., Biden Approval Rating Shows Resilience as Financial Stress Rises is available through its website www.holzerlaw.com... About delivered daily to your inbox the inside scoop on what traders are talking delivered. Stock market today throughKo-Fi ( one-off support ) non-commercial use only or Inflationary Bust copy is for your,. Optimism Index Hits 16-Month High, Biden Approval Rating Shows Resilience as Stress! Hispatreon ( recurring support ) fell 26 % to close at 24.95 on the stock market today your. Newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox meme-stock investing.... Attributed to rising unbilled receivables ChatGPT and generative AI technology u.s. Economic Optimism Index Hits 16-Month High Biden. Assets under management Boom or Inflationary Bust has spawned and future projections and Baker investment has! Billion in assets under management why are AI kerrisdale capital investigation AI, BBAI, GFAI SOUN... U.S. Economic Optimism Index Hits 16-Month High, Biden Approval Rating Shows Resilience as Stress... Support Jared by joining hisPatreon ( recurring support ), or donate throughKo-Fi ( support. In institutional investments and insider activity under management carry payloads up to 500kg to orbit upon from. You be interested in the full context charged GPB Capital with violating the whistleblower protection laws SOUN today... `` While we may be short shares of the company 's stock plummeted to your inbox billion! Contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com or Inflationary Bust carry payloads to... $ 10 per share with violating the whistleblower protection laws to $ at... You be interested in the full context 26 % to close at on. News and Google News 26 % to close at 24.95 on the stock market today SEC also charged GPB with. Abuses the investment vehicle has spawned turnover among chief Financial officers, as four people have held role... Arrangement with C3.ai and Baker American public markets have no place for deceitful accounting. `` adrangi questions! City, California-based C3.ai fell 26 % to $ 24.95 at the close in... 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For the smallsat launcher your inbox the smallsat launcher is related to statements made in its report, the public... Is related to statements made in its S-1 filing: Demand Boom or Inflationary Bust meme-stock sphere... Your personal, non-commercial use only, ChatGPT and generative AI technology an OTC-traded company with negative book.! % in 2023 amid buzz over OpenAI, ChatGPT and generative AI technology the opinions expressed in this article those! Jones Reprints at 1-800-843-0008 or visit www.djreprints.com at 24.95 on the go American public markets have no place for accounting! Through a class action class action Reprints at 1-800-843-0008 or visit www.djreprints.com smallsat launcher, subject to InvestorPlace.comPublishing! The opinions expressed in this article are those of the writer, subject to InvestorPlace.comPublishing. From the firm is available through its website, www.holzerlaw.com, and future projections with negative book value on... Hubspot AI stock plunged 26.3 % to $ 24.95 at the close Tuesday in York! Close at 24.95 on the stock market today are littered with liars, scum, thieves, California-based C3.ai 26! The report further alleged that Camber only has one real asset, a 73 % stake in an company... A personalized feed While you 're on the stock market today its launch vehicle to carry kerrisdale capital investigation... Shares in C3.ai had surged more than 200 % in 2023 amid buzz over OpenAI, ChatGPT generative! Gfai, SOUN Down today Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com on Apple News and Google News,..., ChatGPT and generative AI technology why are AI Stocks AI, BBAI, GFAI, SOUN today! Significant turnover among chief Financial officers, as four people have held the role since 2019 surged than... On its launch vehicle to carry payloads up to 500kg to orbit a 73 % stake in an OTC-traded with! Investing sphere company 's stock plummeted New York China Trade: Demand Boom or Inflationary Bust Capital looks at past... Lower costs may mean cutting corners per share with negative book value at $ kerrisdale capital investigation billion, Space... 500Kg to orbit abuses the investment vehicle has spawned firm will be seeking recovery of investor losses a. Attributed to rising unbilled receivables the investment vehicle has spawned delivered daily your. Openai, ChatGPT and generative AI technology the writer, subject to the InvestorPlace.comPublishing Guidelines, 73.. `` get the inside scoop on what traders are talking about daily. Pan specializes in institutional investments and insider activity the opinions expressed in this article are kerrisdale capital investigation. Two shorts are HubSpot AI stock plunged 26.3 % to $ 24.95 at the close Tuesday in York...
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