@HindenburgRes Hindenburg Research

Hindenburg Research posts on X about accounting, roblox, $eqix, ipo the most. They currently have [-------] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

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Social Influence

Social category influence finance stocks countries gaming cryptocurrencies technology brands social networks exchanges travel destinations currencies

Social topic influence accounting, roblox, $eqix, ipo, $mss, market cap, russia, $smci, debt, ceo

Top accounts mentioned or mentioned by @kumarmanish8288 @grok @qcmfunds @gothamresearch @defrancescoa @crypto_condom @svaperpol @newsgotham @chamath @direports @nasdaq @adenatfriedman @realschlep @gadgetress @0xgeegee @claudiannnn @bollwerkai @slomolucre @0xfablo @stockjabber

Top assets mentioned Equinix Inc (EQIX) Maison Solutions Inc. (MSS) Super Micro Computer, Inc. Common Stock (SMCI) Block, Inc. (SQ) Icahn Enterprises L.P (IEP) Axos Financial, Inc. Common Stock (AX) Carvana Co. (CVNA) PACS Group, Inc. (PACS) Golden Heaven Group Holdings Ltd. (GDHG) OpenDAO (SOS) Freedom Holding Corp. (FRHC) LifeStance Health Group, Inc. (LFST) WELL3 (WELL) Amphenol Corporation (APH) Solana (SOL) Ormat Technologies, Inc. (ORA) DraftKings Inc. Class A Common Stock (DKNG) holoride (RIDE) Riot Platforms, Inc. (RIOT) IDEX (IDEX) Welltower Inc (WELL) Workloop AI (LOOP) Royal Caribbean Cruises Ltd (RCL)

Top Social Posts

Top posts by engagements in the last [--] hours

"Something big soon India"
X Link 2024-08-10T00:04Z 866.1K followers, 11.9M engagements

"It would also be nice to know the full list of beneficiaries of all these $APHA shell deals and which family members or deal partners had significant stakes in $SOL / $SCYB prior to $APHA's massive purchase. Those are the key questions of the day. We shall see"
X Link 2018-12-12T14:04Z 872.3K followers, [--] engagements

"For those who missed it live on Monday we just posted the video presentation on why we see 90%+ downside in shares of New Pacific Metals $NUAG $NUPMF $SVM https://www.youtube.com/watchv=OSHNKfG5sk8&feature=youtu.be https://www.youtube.com/watchv=OSHNKfG5sk8&feature=youtu.be"
X Link 2020-04-22T12:47Z 869K followers, [--] engagements

"We are short $IDEX and believe it is heading near its March lows of $0.30 if it somehow avoids a regulatory halt that could see its shares go lower. $IDEX has a history of changing biz models and pumping - then dumping - each new endeavor. Its move into EVs will be no different"
X Link 2020-06-25T15:00Z 868.4K followers, [---] engagements

"$SRNE is up 120% adding $2.2B in market cap on relentless CNBC hype of its COVID spit test that it bought from Columbia for just $5m + royalties. We spoke with a senior administration official at Columbia who completely debunked the test telling us:"
X Link 2020-08-11T17:40Z 871.5K followers, [---] engagements

"When later pressed by a reporter Trevor admitted $NKLA has not produced hydrogen at this price or at any price. https://www.linkedin.com/pulse/interview-trevor-milton-founder-executive-chairman-nikola-meckmann/trackingId=nIXxnt4u0GFFIunPZCD9Uw%3D%3D https://www.linkedin.com/pulse/interview-trevor-milton-founder-executive-chairman-nikola-meckmann/trackingId=nIXxnt4u0GFFIunPZCD9Uw%3D%3D"
X Link 2020-09-10T12:06Z 868.3K followers, [---] engagements

"Trevor appointed his brother Travis as Director of Hydrogen Production/Infrastructure to oversee this critical part of the business. Traviss prior experience appears to have largely consisted of pouring concrete driveways and doing subcontractor work in Hawaii. $NKLA"
X Link 2020-09-10T12:06Z 868.3K followers, [---] engagements

"$LOOP's JV w/ PET and chemical company Indorama promoted frequently over the last two years as an imminent revenue stream is "still being finalized" according to an employee despite being announced in [----]. An Indorama employee told us no production has taken place thus far"
X Link 2020-10-13T12:29Z 869.2K followers, [--] engagements

"We expect $LOOP will never generate any meaningful revenue. With a market cap of $515 million we see 100% downside to Loop once it burns through its $48 million in balance sheet cash. We have submitted our findings to regulators"
X Link 2020-10-13T12:29Z 869.4K followers, [---] engagements

"NEW FROM US Ormat: Dirty Dealings in Clean Energy $ORA (1/x) https://hindenburgresearch.com/ormat/ https://hindenburgresearch.com/ormat/"
X Link 2021-03-01T13:05Z 869K followers, [---] engagements

"NEW FROM US: HUMBL Illusions of Grandeur Collapsing International Deals And Lurking Dilution On A Massive Scale (1/x) $HMBL http://hindenburgresearch.com/humbl http://hindenburgresearch.com/humbl"
X Link 2021-05-20T13:05Z 869.8K followers, [---] engagements

"NEW FROM US: DraftKings A $21 Billion SPAC Betting It Can Hide Its Black Market Operations (1/x) $DKNG https://hindenburgresearch.com/draftkings https://hindenburgresearch.com/draftkings"
X Link 2021-06-15T12:36Z 868.8K followers, [----] engagements

"We spoke with several industry experts and competitors who questioned the viability of $DKNG 's model of aggressively burning cash on promotion and marketing in order to acquire customers in the near term despite a lack of evidence of long-term customer brand loyalty"
X Link 2021-06-15T12:37Z 872.1K followers, [--] engagements

"$DKNG has been heralded as the key SPAC 'success story'. We think it represents the dying embers left by yet another Wall Street loophole. https://hindenburgresearch.com/draftkings https://hindenburgresearch.com/draftkings"
X Link 2021-06-15T12:37Z 872.1K followers, [---] engagements

"We have prepared a full report on Serhat Gumrukcu and his career as a lifelong con artist which we are releasing next week. It is easily the most deranged story we have ever researched. We are short $ENOB"
X Link 2022-05-25T18:01Z 868.7K followers, [---] engagements

"On Friday the SEC charged multiple individuals over an alleged deceptive scheme to promote and secretly dump shares of $LOOP. This includes former $LOOP director Donald Danks featured prominently in our report. $LOOP CEO Daniel Solomita was named as a relief defendant. New from us: Loop IndustriesFormer Employees and Plastics Experts Blow The Whistle On This Recycled Smoke And Mirrors Show https://t.co/aA8TkppD9E $LOOP (1/x) New from us: Loop IndustriesFormer Employees and Plastics Experts Blow The Whistle On This Recycled Smoke And Mirrors Show https://t.co/aA8TkppD9E $LOOP (1/x)"
X Link 2022-10-04T13:08Z 874.4K followers, [---] engagements

"Instead we found Perigroves office on the outskirts of New York City in a strip mall sharing an address with an auto parts store. On the front door of the building Perigrove's name was spelled wrong as "Perigove" with stickers"
X Link 2022-12-07T12:52Z 870K followers, [--] engagements

"$WELL trades at a premium to competitors with its price/estimated NTM AFFO at 22.69x 22% higher than the average multiple of comparably-rated Ventas and Healthpeak. It has the lowest dividend yield of its peers indicating that the market views it as a safe asset"
X Link 2022-12-07T12:52Z 870K followers, [--] engagements

"Even if you ignore the findings of our investigation and take the financials of Adani Group at face value its [--] key listed companies have 85% downside purely on a fundamental basis owing to sky-high valuations. (5/x)"
X Link 2023-01-25T02:45Z 872.2K followers, 689K engagements

"One Vinod Adani-controlled Mauritius entity with no signs of operations lent INR 11.71B (U.S. $253M) to a private Adani entity without related party disclosure. The private entity lent funds to listed entities including U.S. $138M to Adani Enterprises. (42/x)"
X Link 2023-01-25T02:57Z 868.4K followers, 325.2K engagements

"Another Vinod-controlled Mauritius entity Emerging Market Investment DMCC lists no employees on LinkedIn has no substantive online presence has announced no clients or deals and is based out of an apartment in the UAE. It lent U.S. $1B to an Adani Power subsidiary. (43/x)"
X Link 2023-01-25T02:57Z 868.4K followers, 281.5K engagements

"Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised https://hindenburgresearch.com/adani-response/ https://hindenburgresearch.com/adani-response/"
X Link 2023-01-30T02:48Z 869K followers, 5.3M engagements

"Forbes is out with a major article evidencing hidden Adani promoter pledges: A private Vinod Adani-controlled Singaporean entity pledged Adani promoter stakes for $240m in loans from a Russian bank. Zero disclosure of these pledges to Indian exchanges. https://www.forbes.com/sites/johnhyatt/2023/02/17/gautam-adanis-older-brother-emerges-as-family-empires-key-fixer/ https://www.forbes.com/sites/johnhyatt/2023/02/17/gautam-adanis-older-brother-emerges-as-family-empires-key-fixer/"
X Link 2023-02-17T14:21Z 869K followers, 1.9M engagements

"Former employees described how Cash App suppressed internal concerns and ignored user pleas for help as criminal activity and fraud ran rampant on its platform. This appeared to be an effort to grow Cash Apps user base by disregarding AML rules. (17/n)"
X Link 2023-03-23T12:34Z 868.4K followers, 165.6K engagements

"The COVID-19 pandemic and nationwide lockdowns posed an existential threat to Block's key driver of gross profit at the time merchant services. (18/n)"
X Link 2023-03-23T12:34Z 868.3K followers, 146.1K engagements

"On a fundamental basis even before factoring in our findings we see downside of 65% to 75%. Block reported a 1% YoY revenue decline & GAAP loss of $540.7M in '22. Analysts have future expectations of GAAP unprofitability & the co. has warned it may not be profitable. (39/n)"
X Link 2023-03-23T12:41Z 869.8K followers, 174.8K engagements

"Despite this $SQ is valued like a profitable growth company at (i) an EV/EBITDA multiple of 60x; (ii) a forward [----] adjusted earnings multiple of 41x; and (iii) a price to tangible book ratio of 13.1x all wildly out of line with fintech peers. (40/n)"
X Link 2023-03-23T12:41Z 869.8K followers, 197.8K engagements

"The dividend is entirely unsupported by IEPs cash flow and investment performance which has been negative for years. IEPs investment portfolio has lost 53% since [----]. The companys free cash flow figures show IEP has cumulatively burned $4.9B over the same period (10/n)"
X Link 2023-05-02T11:58Z 870.9K followers, 112K engagements

"Despite its negative financial performance $IEP has raised its dividend [--] times since [----]. IEPs most recent dividend increase came in [----] when it raised quarterly distributions from $1.75 to $2.00 per unit. IEPs free cash flow was -$1.7 billion in the same year (11/n)"
X Link 2023-05-02T11:58Z 871K followers, 77.5K engagements

"Overall we estimate $IEP's current NAV as being closer to $4.4 billion or 22% lower than its disclosed year-end indicative NAV of $5.6 billion. The analysis suggests that units currently trade at a 310% premium to NAV with an annual dividend rate of 64% of NAV. (24/n)"
X Link 2023-05-02T11:58Z 870.8K followers, 64K engagements

"Tightening matters further $IEP is highly levered with $5.3 billion in Holdco debt and maturities of $1.1 billion $1.36 billion and $1.35 billion due in [----] [----] and [----] respectively. (25/n)"
X Link 2023-05-02T11:58Z 870.8K followers, 65.6K engagements

"Icahns Latest Disclosures Raise Critical New Questions About Margin Loans Continued Portfolio Losses $IEP https://hindenburgresearch.com/icahn-response/ NEW FROM US: Icahn EnterprisesThe Corporate Raider Throwing Stones From His Own Glass House https://t.co/ju6JGehKMt $IEP (1/n) https://hindenburgresearch.com/icahn-response/ NEW FROM US: Icahn EnterprisesThe Corporate Raider Throwing Stones From His Own Glass House https://t.co/ju6JGehKMt $IEP (1/n)"
X Link 2023-05-11T11:51Z 874.1K followers, 1.1M engagements

"We are short Tingo Group $TIO because we believe the company is an exceptionally obvious scam with completely fabricated financials. (2/n)"
X Link 2023-06-06T13:07Z 871.4K followers, 236.9K engagements

"Subsequent to the groundbreaking $TIO announced a $150M agreement with a UK entity called Evtec Energy to build solar panels for its non-existent facility. Funding is slated to be provided through Evtec but UK filings show Evtec was Dormant and held zero cash. (16/n)"
X Link 2023-06-06T13:07Z 871.4K followers, 100.6K engagements

"Tingo Group bought Tingo Foods from Dozy in February [----] for $204 million a price approximately equal to the cost value of the inventory held by Tingo Foods. (17/n)"
X Link 2023-06-06T13:07Z 871.4K followers, 96.4K engagements

"On May 2nd we predicted that "Icahn Enterprises will eventually cut or eliminate its dividend entirely barring a miracle turnaround in investment performance." Today $IEP reported further investment losses and slashed its dividend by 50%. We remain short. NEW FROM US: Icahn EnterprisesThe Corporate Raider Throwing Stones From His Own Glass House https://t.co/ju6JGehKMt $IEP (1/n) NEW FROM US: Icahn EnterprisesThe Corporate Raider Throwing Stones From His Own Glass House https://t.co/ju6JGehKMt $IEP (1/n)"
X Link 2023-08-04T12:29Z 874.3K followers, 460.9K engagements

"Tingo Forges Ahead With Its Brazen Scam As $725 Million In Claimed Cash Disappears From Its Balance Sheet In One Quarter $TIO https://hindenburgresearch.com/tingo-scam-forges-ahead/ NEW FROM US: Tingo Group: Fake Farmers Phones and FinancialsThe Nigerian Empire That Isnt https://t.co/V9ug1dli3w (1/n) https://hindenburgresearch.com/tingo-scam-forges-ahead/ NEW FROM US: Tingo Group: Fake Farmers Phones and FinancialsThe Nigerian Empire That Isnt https://t.co/V9ug1dli3w (1/n)"
X Link 2023-08-31T21:19Z 871.6K followers, 314.5K engagements

"Major new FT investigation into Adani shows trade-based money laundering involving $5b in imports since [----] alone. Report reveals ongoing dummy invoicing & overseas entities used to inflate coal prices passing costs on to customers. https://www.ft.com/content/7aadb3d7-4a03-44ba-a01e-8ddd8bce29ed https://www.ft.com/content/7aadb3d7-4a03-44ba-a01e-8ddd8bce29ed"
X Link 2023-10-12T12:25Z 872.8K followers, 1.2M engagements

"New From Us: Renovaro BioSciencesA Worthless AI Shell Game With A Murderous Magician Past $RENB (1/n) https://hindenburgresearch.com/renovaro https://hindenburgresearch.com/renovaro"
X Link 2024-02-13T14:44Z 870.5K followers, 256.6K engagements

"$RENB is a biotech company with several preclinical drug candidates that is committed to curing people with cancers and infectious diseases. Weeks ago it voted to merge with AI Health company GEDi Cube giving the company a pro-forma diluted market cap of $567m. (2/n)"
X Link 2024-02-13T14:44Z 871.9K followers, 13.8K engagements

"Renovaro and CEO Dybul then apparently negotiated against themselves. They sought a due diligence report from an unnamed AI expert that ultimately led to it agreeing to pay $275 million in exchange consideration for GEDi. (27/n)"
X Link 2024-02-13T14:54Z 871.9K followers, [----] engagements

"In brief $RENB and CEO Dybul lent GEDi the cash to close the Grace deal at a $2.2 million implied valuation then turned around and merged with GEDi for $275 million in consideration after an apparent hard-fought negotiation against himself. (28/n)"
X Link 2024-02-13T14:54Z 871.9K followers, [----] engagements

"$RENB has touted the hiring of visionary former Intel/Nvidia executive Craig Rhodes as CEO of GEDi. Rhodes confirmed to us in email that he resigned in Dec. [----] a month before the shareholder vote with no apparent disclosure of the resignation to shareholders. (29/n)"
X Link 2024-02-13T14:54Z 871.7K followers, [----] engagements

"$RENB also touted the appointment of Lester Russell GEDis Chief Medical Officer in an August [----] press release. Russell also resigned in December [----] also without disclosure to shareholders. (30/n)"
X Link 2024-02-13T14:54Z 871.8K followers, [----] engagements

"In the months leading up to the merger close Renovaro enlisted stock promoters including one previously sanctioned by the SEC to hype up the GEDi deal and pump shares to retail investors. (32/n)"
X Link 2024-02-13T14:54Z 871.7K followers, [----] engagements

"Dybul claims GEDi can provide a multiplier effect thatll enhance $RENB's pipeline. But the co's lead candidate remains Gumrukcus cancer therapy. Dybul still touts the jailed magicians therapy referring to it in January [----] as the holy grail of cancer research (33/n)"
X Link 2024-02-13T14:54Z 871.8K followers, [----] engagements

"CEO Mark Dybul and the company hope to begin human trials for the jailed magicians proposed cancer treatment later this year. $RENB (34/n)"
X Link 2024-02-13T14:54Z 871.9K followers, [----] engagements

"Gumrukcus husband sued $RENB exces & financiers in Jan '24 alleging securities law violations by Dybul & Sindlev among others. The complaint alleges Sindlev purchased significant $RENB stock while in possession of material nonpublic information relating to the merger. (35/n)"
X Link 2024-02-13T14:54Z 871.9K followers, [----] engagements

"In conclusion if your company's scientific co-founder and key inventor turns out to be a con artist magician who (allegedly) murdered someone and faked his scientific data you cant just change your company name and pivot to AI and hope no one notices. (39/n)"
X Link 2024-02-13T14:54Z 871.9K followers, 11.9K engagements

"CEO Mark Dybul appears set on trying to run the same shameless scam with a new name. We think he is in a league of his own as far as poor governance and judgement and see inevitable massive downside in shares of Renovaro. $RENB (40/40) https://hindenburgresearch.com/renovaro/ https://hindenburgresearch.com/renovaro/"
X Link 2024-02-13T14:54Z 871.7K followers, 10.7K engagements

"Update: The SEC just charged Lordstown Motors with fraud alleging it misrepresented its order book and the timeline for delivering its flagship electric truck. Lordstown will pay $25.5 million in disgorgement. https://www.sec.gov/news/press-release/2024-29 NEW FROM US: The Lordstown Motors Mirage: Fake Orders Undisclosed Production Hurdles And A Prototype Inferno https://t.co/WkjDrZqUSD $RIDE (1/x) https://www.sec.gov/news/press-release/2024-29 NEW FROM US: The Lordstown Motors Mirage: Fake Orders Undisclosed Production Hurdles And A Prototype Inferno https://t.co/WkjDrZqUSD $RIDE (1/x)"
X Link 2024-02-29T21:41Z 868.2K followers, 303.1K engagements

"NEW FROM US: Equinix Exposed: Major Accounting Manipulation Core Business Decay And Selling An AI Pipe Dream As Insiders Cashed Out Hundreds of Millions $EQIX (1/x) https://hindenburgresearch.com/equinix/ https://hindenburgresearch.com/equinix/"
X Link 2024-03-20T12:34Z 868.7K followers, 701.9K engagements

"Overall as management tiptoes into the background after cashing out we believe Equinixs hefty valuation premium claimed market leadership and growth prospects will soon reverse course. We are short $EQIX. (45/x) https://hindenburgresearch.com/equinix/ https://hindenburgresearch.com/equinix/"
X Link 2024-03-20T12:43Z 868.7K followers, 43.4K engagements

"Axos: Glaring Commercial Real Estate Loan Problems and Lax Underwriting Beneath This Priced-For-Perfection Bank $AX (1/x) https://hindenburgresearch.com/axos https://hindenburgresearch.com/axos"
X Link 2024-06-04T12:13Z 867.8K followers, 385.6K engagements

"Axos Financial $AX is a $3.1 billion market cap regional bank headquartered in San Diego California that was incorporated in [----] and went public in March [----]. (2/x)"
X Link 2024-06-04T12:13Z 867.7K followers, 22.9K engagements

"SEBI Chairperson Madhabi Buchs response to our report includes several important admissions and raises numerous new critical questions. (1/x) SEBI Chief Madhabi Puri Buch and her husband Dhaval Buch releases a statement in the context of allegations made by Hindenburg on 10th Aug [----] against them. "The investment in the fund referred to in the Hindenburg report was made in [----] when they were both private citizens https://t.co/g0Ui18JVNT SEBI Chief Madhabi Puri Buch and her husband Dhaval Buch releases a statement in the context of allegations made by Hindenburg on 10th Aug [----] against"
X Link 2024-08-11T17:47Z 869.6K followers, 6.2M engagements

"NEW FROM US: iLearningEngines An Artificial Intelligence SPAC With Artificial Partners And Artificial Revenue (1/x) $AILE https://hindenburgresearch.com/aile/ https://hindenburgresearch.com/aile/"
X Link 2024-08-29T11:01Z 873.2K followers, 1M engagements

"Robloxs CEO David Baszucki was on CNBC today calling the platform a "a beacon for safety and civility". We found over [--] Roblox group chat walls that are active right now with no age restrictions where users are soliciting child sexual exploitation content or sexual favors with children (many using thinly-coded language). The list is not exhaustive. It took us only about an hour and a half to find these and there are many more. Roblox was made aware of these issues years ago and has done nothing substantive to address them. Here are the first [--] (the max allowed by 'X'): (1/x)"
X Link 2024-11-01T20:05Z 895.6K followers, 461.2K engagements

"Update: $AILE just reported that all of its audited financials should no longer be relied upon that the SEC investigating and that its CFO has been put on administrative leave with an interim CFO appointed. The company also reported that a cybersecurity incident resulted in the deletion of "a number of email messages" and theft of $250000. To be clear we think virtually all of the company's financials are fabricated. A near-total fraud. https://www.sec.gov/Archives/edgar/data/1835972/000121390024099398/ea0221424-424b3_ilearning.htm NEW FROM US: iLearningEngines An Artificial Intelligence SPAC"
X Link 2024-11-18T15:17Z 874.8K followers, 437.3K engagements

"BREAKING: Gautam Adani and [--] other executives criminally indicted in the U.S. over $250 million in alleged bribes. The SEC has filed parallel charges in the massive bribery scheme"
X Link 2024-11-20T21:05Z 869.1K followers, 211K engagements

"12/10 Update: $AILE just placed [--] people on administrative leave the CEO the CFO the President & Chief Business Officer the SVP of Technology and the VP of Business Operations. The company now has no financials and almost no senior leaders left. https://investors.ilearningengines.com/news-releases/news-release-details/ilearningengines-special-committee-provides-update https://investors.ilearningengines.com/news-releases/news-release-details/ilearningengines-special-committee-provides-update"
X Link 2024-12-10T12:54Z 874.9K followers, 104.9K engagements

"NEW FROM US: Sezzle A Failing "Buy Now Pay Later" Platform Playing Short Term Tricks As Insiders Cash Out Via Stock Sales And Margin Loans $SEZL (1/x) https://hindenburgresearch.com/sezzle/ https://hindenburgresearch.com/sezzle/"
X Link 2024-12-18T16:05Z 867.7K followers, 296.1K engagements

"$CVNA is a $44 billion online car dealer founded in [----]. Its main business is an online platform that allows retail customers to buy and sell used cars. (2/x)"
X Link 2025-01-02T15:02Z 868.9K followers, 135.1K engagements

"Our research uncovered $800 million in loan sales to a suspected undisclosed related party along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth all while insiders cash out billions in stock. (5/x)"
X Link 2025-01-02T15:02Z 871K followers, 91.3K engagements

"Even before considering our findings $CVNA is exorbitantly valued trading at an 845% higher sales multiple relative to online car peers CarMax & AutoNation and a 754% forward earnings premium. $CVNA has $4.8 billion in net debt and is junk-rated by ratings agencies. (6/x)"
X Link 2025-01-02T15:02Z 871K followers, 88.2K engagements

"As insiders unload stock solvency risks remain. Almost 26% of $CVNA's gross profit consisted of sales of customer auto loans to 3rd parties largely in the risky subprime and deep subprime space. Gain on loan sales was 2.2x Carvanas net income in the past [--] months. (11/x)"
X Link 2025-01-02T15:02Z 872.6K followers, 63.2K engagements

"Carvana has relied on a purchase commitment agreement with Ally Financial to which it sold $3.6 billion of vehicle loans in [----] 60% of its total originations. (12/x)"
X Link 2025-01-02T15:02Z 872.6K followers, 63.8K engagements

"Lien filings reveal the buyer is likely a trust affiliated with Cerberus Capital where Carvana Director Dan Quayle is a member of its senior leadership team & Chairman of Global Investments indicating the new buyer is an undisclosed related-party contrary to $CVNA's claims"
X Link 2025-01-02T15:02Z 895.1K followers, 46.8K engagements

"For example on May 4th Carvana reported Q1 [----] earnings showing a 41% y/y decline in loan sales swinging to negative adjusted EBITDA amidst bankruptcy concerns. CEO Ernie Garcia blamed the delayed loan sales on uncertainties in the securitization market. (42/x)"
X Link 2025-01-02T15:13Z 866.1K followers, 116.5K engagements

"Against this backdrop with the stock price depressed the Garcias signed an agreement to purchase $126 million in Carvana stock on July 17th [----]. (43/x)"
X Link 2025-01-02T15:13Z 866.1K followers, 89.4K engagements

"We are short shares of Carvana. Please see our report for our full disclaimer: $CVNA https://hindenburgresearch.com/carvana/ https://hindenburgresearch.com/carvana/"
X Link 2025-01-02T15:17Z 866.1K followers, 149.8K engagements

"New From Us: KandiHow This China-Based NASDAQ-Listed Company Used Fake Sales EV Hype to Nab $160 Million From U.S. Investors $KNDI (1/x) https://hindenburgresearch.com/kandi https://hindenburgresearch.com/kandi"
X Link 2020-11-30T15:26Z 866.3K followers, [---] engagements

"We expect the blowback to these revelations to be severe threatening $ORA's contracts in its most lucrative markets. In fact history is already catching up to Ormats senior leadership"
X Link 2021-03-01T13:05Z 866.3K followers, [--] engagements

"Immediately prior to their work at $ORA several senior Ormat execs/directors worked at Shikun & Binui a leading Israeli construction company. Shikun & Binui was recently charged by Israeli prosecutors with bribing officials in two of Ormats key markets Kenya & Guatemala"
X Link 2021-03-01T13:05Z 866.3K followers, [--] engagements

"$ORA's General Counsel & Chief Compliance Officer along with an Ormat director are under pre-indictment in Israel. This is a formal stage of criminal prosecution prior to indictment. Ormat has apparently chosen not to disclose this & both still serve in senior roles at Ormat"
X Link 2021-03-01T13:05Z 866.3K followers, [--] engagements

"$ORA CEO Doron Blachars immediate prior work experience was serving as CFO at Shikun & Binui. The CEO during Blachar's entire tenure at Shikun & Binui was arrested in [----] over the above-referenced bribery allegations. It is unclear whether Blachar faces risk of indictment"
X Link 2021-03-01T13:05Z 866.3K followers, [--] engagements

"We are short $RCL which we believe to be one of the most dislocated re-opening stocks on the market today. The outlook for $RCL and the cruise industry is far more grim than other hospitality and leisure post-Covid stories"
X Link 2022-01-06T19:04Z 866.4K followers, [---] engagements

"Trevor Milton billionaire founder of $NKLA is currently on trial for fraud. Shortly after his hydrogen truck company was exposed an army of hackers and spies started targeting his critics and whistleblowers. Here's what happened & how we turned the tables. (1/x)"
X Link 2022-09-29T18:45Z 866.3K followers, [----] engagements

"Soon we will release a report on what we strongly suspect to be the largest corporate fraud in history"
X Link 2023-01-24T21:04Z 866.2K followers, 8.2M engagements

"NEW FROM US: Adani Group How The Worlds 3rd Richest Man Is Pulling The Largest Con In Corporate History (1/x) https://hindenburgresearch.com/adani/ https://hindenburgresearch.com/adani/"
X Link 2023-01-25T02:45Z 866.2K followers, 13.3M engagements

"Our response to Adani:"
X Link 2023-01-26T13:32Z 866.3K followers, 9.8M engagements

"New report soonanother big one"
X Link 2023-03-22T20:03Z 866.1K followers, 8.7M engagements

"NEW FROM US: Tingo Group: Fake Farmers Phones and FinancialsThe Nigerian Empire That Isnt (1/n) https://hindenburgresearch.com/tingo https://hindenburgresearch.com/tingo"
X Link 2023-06-06T13:07Z 866.4K followers, 7.5M engagements

"NEW FROM US: We Are Short Golden Heaven Group Another Classic "China Hustle" $GDHG (1/n)"
X Link 2023-11-13T20:05Z 866.3K followers, 2.6M engagements

"NEW FROM US: TemenosMajor Accounting Irregularities Failed Products And An Illusive Turnaround $TEMN.SW $TMSNY (1/n) https://hindenburgresearch.com/temenos https://hindenburgresearch.com/temenos"
X Link 2024-02-15T11:19Z 866.7K followers, 301K engagements

"Temenos Independent Examination Strikes Us As A Tacit Confirmation Of Accounting Manipulation And Disclosure Violations Spun With Lawyer-Speak And Gaslighting We think CEO Andreas Andreades should resign immediately. $TEMN.SW $TMSNY https://hindenburgresearch.com/temenos-response/ https://hindenburgresearch.com/temenos-response/"
X Link 2024-04-18T16:49Z 866.3K followers, 119.8K engagements

"Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani dating back as early as [----]. Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks according to newly released Swiss criminal court records reported by Swiss media outlet @news_gotham. https://bstger.weblaw.ch/pdf/20240807_BB_2024_46.pdf https://gothamcity.ch/2024/09/11/la-suisse-a-bloque-310-millions-dans-une-enquete-sur-le-groupe-adani/"
X Link 2024-09-12T16:20Z 866.3K followers, 3.1M engagements

"PACS Group is a $6.7 billion Utah-based operator of skilled nursing facilities (SNFs) that serves [-----] patients daily. Its stock is up 104% since its April IPO making it among the most successful IPOs of [----]. (2/x)"
X Link 2024-11-04T17:53Z 866.3K followers, 21.9K engagements

"BREAKING: Gautam Adani and [--] other executives criminally indicted in the U.S. over $250 million in alleged bribes. The SEC has filed parallel charges in the massive bribery scheme. https://www.justice.gov/usao-edny/pr/billionaire-chairman-conglomerate-and-seven-other-senior-business-executives-indicted https://www.justice.gov/usao-edny/pr/billionaire-chairman-conglomerate-and-seven-other-senior-business-executives-indicted"
X Link 2024-11-20T21:38Z 866.8K followers, 3.1M engagements

"NEW FROM US: CarvanaA Father-Son Accounting Grift For The Ages $CVNA (1/x) https://hindenburgresearch.com/carvana/ https://hindenburgresearch.com/carvana/"
X Link 2025-01-02T15:02Z 867.2K followers, 2.6M engagements

"NEW FROM US: PACS Group How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers $PACS (1/x) https://hindenburgresearch.com/PACS/ https://hindenburgresearch.com/PACS/"
X Link 2024-11-04T17:53Z 866.2K followers, 413.2K engagements

"NEW FROM US: Clover Health: How the King of SPACs Lured Retail Investors Into a Broken Business Facing an Active Undisclosed DOJ Investigation cc @chamath $CLOV (1/x) https://hindenburgresearch.com/clover/ https://hindenburgresearch.com/clover/"
X Link 2021-02-04T13:17Z 866.2K followers, [----] engagements

"Gautam Adanis elder brother Vinod Adani has been described by media as an elusive figure. He has regularly been found at the center of the governments investigations into Adani for his alleged role in managing a network of offshore entities used to facilitate fraud. (13/x)"
X Link 2023-01-25T02:45Z 866.2K followers, 405.7K engagements

"NEW FROM US: Icahn EnterprisesThe Corporate Raider Throwing Stones From His Own Glass House $IEP (1/n) https://hindenburgresearch.com/icahn https://hindenburgresearch.com/icahn"
X Link 2023-05-02T11:58Z 866.2K followers, 5.2M engagements

"Carvanas toxic loan book is a result of lax underwriting standards. We actually approved 100% of the applicants interview with a former Carvana director describing virtually non-existent underwriting standards. (24/x)"
X Link 2025-01-02T15:02Z 866.2K followers, 238.6K engagements

"NEW FROM US: Whistleblower Documents Reveal SEBIs Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandal https://hindenburgresearch.com/sebi-chairperson/ https://hindenburgresearch.com/sebi-chairperson/"
X Link 2024-08-10T16:27Z 866.2K followers, 14.1M engagements

"Two days later Carvana announced the best quarter in company history featuring a massive earnings beat from re-accelerated loan sales as well as the successful restructuring of its debt. The Garcias are up $427 million on those precisely-timed purchases. (44/x)"
X Link 2025-01-02T15:13Z 866.1K followers, 240.6K engagements

"A Personal Note From Our Founder https://hindenburgresearch.com/gratitude/ https://hindenburgresearch.com/gratitude/"
X Link 2025-01-15T21:20Z 866.1K followers, 3.5M engagements

"SOL Global issues PR that of course refuses to engage in a real rebuttal and instead threatens lawsuits. Bring it on guys. First on our list of discovery items will be all the shareholders of those shell entities that you REDACTED in your CSE filings. $SOL $APHA cc @QCMFunds"
X Link 2018-12-05T15:19Z 888K followers, [--] engagements

"Looks like Marigold Projects $APHA's Jamaica entity just removed the video posted yesterday of the flyover of their plot of land from YouTube. cc @QCMFunds"
X Link 2018-12-12T14:51Z 887.3K followers, [--] engagements

"Two months ago we wrote that $GNW's proposed acquirer China Oceanwide looked "overleveraged and facing a severe and current liquidity crunch" We also wrote that its trophy-asset development spree showed "recent signs of stalling" (1/x) https://hindenburgresearch.com/genworths-acquirer-china-oceanwide-looks-to-be-drowning-in-an-ocean-of-debt/ https://hindenburgresearch.com/genworths-acquirer-china-oceanwide-looks-to-be-drowning-in-an-ocean-of-debt/"
X Link 2019-01-29T15:30Z 886.9K followers, [--] engagements

"$RIOT is spiking due to bitcoin's bounce. Back in the real world $RIOT reported their 10-K yesterday: - '18 net loss of $60 million - $225k of cash at year-end. (Later raised $3m) - Going concern warning - Material weakness in financial controls - SEC investigation ongoing"
X Link 2019-04-03T13:41Z 887.8K followers, [--] engagements

"Any thoughts on $LG.V now that they replaced management Little company & don't know much about them but I remember when we compared some of their international assets to $APHA's and they paid about 1/30th the price https://www.marketwatch.com/press-release/lgc-capital-announces-new-chapter-in-its-corporate-evolution-with-the-addition-of-a-highly-experienced-global-executive-team-bringing-on-90-years-of-british-american-and-monsanto-2019-04-03"
X Link 2019-04-03T15:40Z 881.1K followers, [--] engagements

"Uh oh looks like little snowflake Andy DeFrancesco is triggered by the $APHA LatAm write-down. Hey @DeFrancesco_A on the bright side at least you and your buddies made a bundle at the expense of $APHAs shareholders"
X Link 2019-04-15T13:55Z 887.9K followers, [--] engagements

"Back in the good old days @DeFrancesco_A liked to just trash talk me and @QCMFunds. Now this is what DeFrancesco in his capacity as Chairman of $SOL Global had to say to journalist Teri Buhl. $APHA $LHS $AWSM $SOL https://www.bnnbloomberg.ca/controversial-pot-investor-andy-defrancesco-called-out-for-vulgar-text-1.1240771 https://www.bnnbloomberg.ca/controversial-pot-investor-andy-defrancesco-called-out-for-vulgar-text-1.1240771"
X Link 2019-04-15T13:58Z 887.9K followers, [--] engagements

"Bloomberg out with a piece showing that $YRIV margin loans led to $42m in losses for $IBKR. Just astonishing. Note that Sichenzia Ross the law firm representing $YRIV in a lawsuit against me is the same firm helping $YRIV raise up to $100m. https://www.bloomberg.com/news/articles/2019-04-29/china-firm-s-plunge-is-said-to-cost-interactive-brokers-millionssrnd=premium https://www.bloomberg.com/news/articles/2019-04-29/china-firm-s-plunge-is-said-to-cost-interactive-brokers-millionssrnd=premium"
X Link 2019-04-29T15:45Z 887.3K followers, [--] engagements

"CNBC reporting that there may be a parallel "criminal case coming down the pike reasonably shortly" in the Barry Honig case brought by the SEC that had also implicated Phil Frost and others $OPK $RIOT https://www.cnbc.com/2019/05/22/probe-tied-to-microcap-fraud-case-may-include-former-riot-blockchain-ceo.html https://www.cnbc.com/2019/05/22/probe-tied-to-microcap-fraud-case-may-include-former-riot-blockchain-ceo.html"
X Link 2019-05-22T19:53Z 887.3K followers, [--] engagements

"Andy DeFrancesco just resigned as Chairman of $SOL after an impressive run destroying shareholder value through sketchy "arms length" deals DeFrancesco was the self-described "architect" of $APHA's earlier dodgy deals Can't wait to see what's next Andy https://www.prnewswire.com/news-releases/andrew-defrancesco-to-lead-newly-formed-sol-investment-group-sig-and-step-down-from-his-roles-as-chairman--cio-of-sol-global-300911521.html"
X Link 2019-09-04T12:49Z 887.2K followers, [--] engagements

"$BE uses tricky accounting that masks servicing costs and shifts write-downs to other periods helping it avoid recent major losses. Large debt maturities in [----] and [----] amounting to nearly $520M make the company an obvious bankruptcy candidate"
X Link 2019-09-17T12:37Z 877.2K followers, [--] engagements

"$BE's "clean" narrative is absurd. Our research shows its servers emit far more CO2 than the electric grid in most states where it operates"
X Link 2019-09-17T12:37Z 877.2K followers, [--] engagements

"We are short $CODX due to its CFOs checkered history involvement with companies halted by the SEC its astronomical valuation a growing list of higher quality COVID tests & its propensity to issue frequent fluffy press releases"
X Link 2020-05-14T17:38Z 887.1K followers, [---] engagements

"$CODX has issued [--] press releases over the last [--] months and yet NONE have detailed the number of COVID-19 tests sold or the economics of the transactions. In Jan & Feb the company was averaging about [--] press release every other business day"
X Link 2020-05-14T17:38Z 887.8K followers, [--] engagements

"Today $IDEX posted photos & video of its Qingdao EV 'operation'. After we called them out for having no physical presence on site last week we had a feeling the co. would attempt to cover it up so we had a surveillance team monitor the site this weekend. (1/x)"
X Link 2020-06-28T14:47Z 888.3K followers, [---] engagements

"New From Us: NikolaHow to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America $NKLA (1/x) https://hindenburgresearch.com/nikola https://hindenburgresearch.com/nikola"
X Link 2020-09-10T12:06Z 876.8K followers, [----] engagements

"We also present evidence that subsequent reveals were fictitious. In [----] $NKLA revealed a next generation version of its off-road vehicle. It was scrapped within weeks due to manufacturing challenges. The redesign work was then quietly outsourced. https://www.youtube.com/watchv=2Dc8J3iSLw4&feature=youtu.be&t=1342 https://www.youtube.com/watchv=2Dc8J3iSLw4&feature=youtu.be&t=1342"
X Link 2020-09-10T12:06Z 886.5K followers, [---] engagements

"$NKLA's much touted multi-billion order book strikes us as more hot air. U.S. Xpress reportedly accounts for a third of its reservations representing $3.5 billion in orders. U.S. Xpress had only $1.3 million in cash on hand last quarter"
X Link 2020-09-10T12:06Z 887.3K followers, [---] engagements

"BREAKING: FreightWaves reporting "Trevor Milton has resigned as Executive Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately." We think this is just the beginning. $NKLA https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola"
X Link 2020-09-21T03:39Z 898.4K followers, [----] engagements

"We are short $MVIS. In a market gone mad this $1.2 billion market cap corporate husk with almost no revenue or intellectual property value is a standout. It has risen 5000% from lows this year on misguided retail euphoria over its LiDAR IP portfolio amid a broad EV bubble"
X Link 2020-12-22T15:22Z 887.1K followers, [---] engagements

"Our investigation into $CLOV has spanned [--] months & more than a dozen interviews with former employees competitors & experts dozens of calls to doctors offices & a review of thousands of pages of government reports insurance filings regulatory filings & marketing materials"
X Link 2021-02-04T13:17Z 893.4K followers, [---] engagements

"$CLOV has not disclosed that its business and its software called Clover Assistant are under investigation by the DOJ which is investigating at least [--] issues from kickbacks to marketing practices according to a Civil Investigative Demand (similar to a subpoena) we obtained"
X Link 2021-02-04T13:17Z 893.4K followers, [---] engagements

"CarePoints predatory price-gouging was lucrative. But in [----] New Jersey legislators accused Garipalli now a public company CEO - of siphoning over $157m from his hospital network through a web of shell entities. The transactions left the hospitals financially crippled"
X Link 2021-02-04T13:17Z 900K followers, [---] engagements

"We are short $SOS which we believe to be an obvious China-based shell game reanimating the corpse of a former China based company that earlier imploded 90% from its highs. We think SOS is a $0 and has significant regulatory risk"
X Link 2021-02-26T17:52Z 875.4K followers, [----] engagements

"Our investigator contacted RHY and was told that FXY was fake and copying their website"
X Link 2021-02-26T17:52Z 887.2K followers, [--] engagements

"We found that HY was formed mid last year and is registered to the same exact address as an $SOS subsidiary"
X Link 2021-02-26T17:52Z 887.7K followers, [--] engagements

"We also showed that $SOS struck a supposed deal with HY a company formed mid last year registered to the same address as an $SOS subsidiary. That entity also ported over its server masking the relationship with $SOS. These appear to be yet more obvious signs of a cover-up"
X Link 2021-03-02T21:43Z 887.4K followers, [---] engagements

"We examined the building and see why the address wasnt listed in the first place. $SOS has the ground floor as can be seen by the SoS logo on the windows but it appeared completely empty. We saw no people or signs of activity on the floor. https://www.youtube.com/watchv=dY8CRybLptc&feature=youtu.be https://www.youtube.com/watchv=dY8CRybLptc&feature=youtu.be"
X Link 2021-03-03T16:02Z 887.8K followers, [---] engagements

"As we showed earlier $SOS acquisition target FXK seemed to have stolen its entire website design from genuine blockchain co. RHY. RHY posted an official statement corroborating our work and Culper's work accusing FXK of blatantly stealing its website. https://en.rhy.com/help/1146.html https://en.rhy.com/help/1146.html"
X Link 2021-03-03T16:02Z 888K followers, [---] engagements

"Contrary to mining plays like $RIOT and $MARA which disclose rig locations $SOS now opaquely claims its rigs are held in various confidential locations and relocated from time to time in order to take advantage of lower electricity costs"
X Link 2021-03-09T16:21Z 888K followers, [--] engagements

"Others had similar remarks. The commitment of that size (15) is totally impossible a representative for the City of Ravenna told us about its pre-order. We document numerous other "customers" that disclaim an intent to actually purchase vehicles"
X Link 2021-03-12T13:24Z 880.3K followers, [--] engagements

"Multiple formers who worked with $RIDE Founder & CEO Steve Burns openly described him as a con man or a PT Barnum figure. One senior employee told us that while working with Steve they saw more questionable & unethical business practices than they had seen in their career"
X Link 2021-03-12T13:24Z 880.3K followers, [--] engagements

"NEW: We received behind-the-scenes photos from a shoot ahead of the July [----] commercial for the $RIDE Endurance. At the time the company was [--] months from going public and claimed it would be delivering trucks to fleets "in early 2021". https://www.youtube.com/watchv=8PQyCdSvdFg https://www.youtube.com/watchv=8PQyCdSvdFg"
X Link 2021-03-24T18:10Z 880.2K followers, [---] engagements

"An onlooker explained that the Endurance broke down on the road mid-shoot with workers struggling to push it onto a truck before calling a tow truck. The deal to take $RIDE public was announced on August 3rd just [--] business days after the release of the commercial"
X Link 2021-03-24T18:10Z 880.2K followers, [---] engagements

"NEW FROM US Ebang: Yet Another Crypto China Hustle Absconding With U.S. Investor Cash (1/x) $EBON https://hindenburgresearch.com/Ebang/ https://hindenburgresearch.com/Ebang/"
X Link 2021-04-06T12:44Z 893.4K followers, [---] engagements

"Meanwhile amidst these grand plans HUMBL quietly issued preferred shares convertible into [---] billion common shares to insiders and family members setting retail investors up for total annihilation when those shares unlock and become available for sale. $HMBL"
X Link 2021-05-20T13:05Z 893.5K followers, [--] engagements

"The strategy was orchestrated in part by $HMBL's financial advisor and warrant holder George Sharp who gaslit investors after revelations of the issuance later saying corporate action details were withheld so as not to create mass panic and to save investors from themselves"
X Link 2021-05-20T13:05Z 893.4K followers, [--] engagements

"Prior to the $DKNG SPAC SBTech seems to have tried to distance itself from its black-market dealings. Illicit customer relationships were shuffled into a newly formed distributor called BTi/CoreTech with [--] SBTech employees moved across town in Bulgaria to the new entity"
X Link 2021-06-15T12:37Z 887.2K followers, [--] engagements

"The CEO selected to run BTi/CoreTech was formerly an executive of a binary options gambling firm that was raided by the FBI and subsequently charged by the SEC for deceiving U.S. investors out of over $100 million"
X Link 2021-06-15T12:37Z 888.1K followers, [--] engagements

"Since the claims that garnered it stablecoin status were made Tether subsequently revealed that its coin was backed only by a small percentage of traditional currency and that much of its backing consists of holdings in commercial paper issued by unnamed counterparties"
X Link 2021-10-19T20:39Z 886.6K followers, [--] engagements

"Following the crackdown on the Cali cartel family of money launderers for a successor cartel known for its death squad appear as key early shareholders in $TGLS and the Daes related manufacturing business. They remained shareholders as recently as [----]. (16/x)"
X Link 2021-12-09T13:26Z 887K followers, [---] engagements

"In [----] $TGLS current CEO Jose Daes was shot in the head and neck during a botched assassination attempt later attributed to a right-wing paramilitary warlord who believed Daes was taking too many corrupt contracts from the local mayor. (17/x)"
X Link 2021-12-09T13:26Z 887.2K followers, [---] engagements

"$RCL now has over $26B liabilities and $17B in net debt which will be extremely difficult to service almost necessitating extensive dilution of existing shareholders"
X Link 2022-01-06T19:04Z 886.9K followers, [--] engagements

"In the near term we also believe the CDC will extend its Conditional Sailing Order set to expire on January [--] [----] as telegraphed by the agencys recent Level [--] Travel Health notice. https://www.cdc.gov/quarantine/cruise/covid19-operations-manual-cso.html https://www.cdc.gov/quarantine/cruise/covid19-operations-manual-cso.html"
X Link 2022-01-06T19:04Z 887.3K followers, [--] engagements

"Michery lists no educational background in his biographies. Contrary to other top electric vehicle executives that have engineering and manufacturing backgrounds Micherys historical experience was largely in the entertainment industry"
X Link 2022-04-06T13:41Z 887K followers, [--] engagements

"$MULN's top holder is Terren Peizer who controlled 29% of the companys voting power as of fiscal year-end. Peizer has backed numerous companies whose stocks have spiked to euphoric highs only to plummet later"
X Link 2022-04-06T13:41Z 886.6K followers, [--] engagements

"NEW FROM US: We Are Short Twitter Musk Holds All The Cards. We See a Significant Risk That The Twitter Deal Gets Repriced Lower $TWTR https://hindenburgresearch.com/twitter/ https://hindenburgresearch.com/twitter/"
X Link 2022-05-09T14:54Z 898.4K followers, [----] engagements

"The victim Gregory Davis was murdered [--] days before Gumrukcu was scheduled to appear in court to defend against felony fraud allegations related to a [----] deal with Davis. Prosecutors argued that the merger deal resulting in $ENOB going public was a key motive for the murder"
X Link 2022-06-01T12:01Z 888K followers, [--] engagements

"NEW FROM US Welltower: Exposing The Shell Game $WELL (1/x) https://hindenburgresearch.com/welltower/ https://hindenburgresearch.com/welltower/"
X Link 2022-12-07T12:51Z 887.8K followers, [---] engagements

"Welltower Inc. $WELL is a healthcare REIT with a $32 billion market cap that is the largest owner of senior housing facilities in the U.S. with investments in [----] properties. (2/x)"
X Link 2022-12-07T12:51Z 887.7K followers, [--] engagements

"$WELL also faces significantly larger maturities moving past [----] with [----] and [----] debt totaling over $3.7 billion in a rising interest rate environment. The company has been aggressively diluting raising $4.5 billion in equity through ATM offerings in the past [--] years"
X Link 2022-12-07T12:52Z 887.8K followers, [--] engagements

"Overall we think Welltower is an overpriced-to-perfection REIT obfuscating its distressed assets raising questions about both its portfolio and the credibility of management as it attempts to raise capital from investors. $WELL https://hindenburgresearch.com/welltower/ https://hindenburgresearch.com/welltower/"
X Link 2022-12-07T12:52Z 887.8K followers, [---] engagements

"Our research indicates that offshore shells & funds tied to the Adani Group comprise many of the largest public (i.e. non-promoter) holders of Adani stock an issue that would subject the Adani companies to delisting were Indian securities regulator SEBI rules enforced. (20/x)"
X Link 2023-01-25T02:45Z 879.2K followers, 351K engagements

"Many of the public funds exhibit flagrant irregularities such as being (1) Mauritius/offshore-based entities often shells (2) w/beneficial ownership concealed via nominee directors (3) little to no diversification holding almost exclusively shares in Adani listed co's. (21/x)"
X Link 2023-01-25T02:45Z 879.2K followers, 345.8K engagements

"Adani's accounting irregularities & sketchy dealings seem to be enabled by virtually non-existent financial controls. Listed Adani co's have seen sustained turnover in the CFO role. Adani Enterprises has had [--] CFOs in [--] years indicating potential accounting irregularities (47/x)"
X Link 2023-01-25T02:57Z 896.3K followers, 385.6K engagements

"The independent auditor for Adani Enterprises and Adani Total Gas is a tiny firm called Shah Dhandharia. It seems to have no current website. Historical archives of its website show that it had only [--] partners and [--] employees. (48/x)"
X Link 2023-01-25T02:57Z 896.2K followers, 1M engagements

"NEW FROM US: BlockHow Inflated User Metrics and "Frictionless" Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion $SQ (1/n) https://hindenburgresearch.com/block https://hindenburgresearch.com/block"
X Link 2023-03-23T12:34Z 893.4K followers, 4.8M engagements

"Block formerly known as Square is a $44 billion market cap company that claims to have developed a frictionless and magical financial technology with a mission to empower the unbanked and the underbanked. $SQ (2/n)"
X Link 2023-03-23T12:34Z 893.2K followers, 313.8K engagements

"Our research involved dozens of interviews with former employees partners and industry experts extensive review of regulatory and litigation records and FOIA and public records requests. (4/n)"
X Link 2023-03-23T12:34Z 893.5K followers, 251.3K engagements

"Most analysts are excited about the post-pandemic surge of $SQ's Cash App platform with expectations its [--] million monthly transacting active users and low customer acquisition costs will drive high margin growth and serve as a future platform to offer new products. (5/n)"
X Link 2023-03-23T12:34Z 899.5K followers, 259.3K engagements

"Our research shows $SQ has wildly overstated genuine user counts & understated customer acquisition costs for years. Former employees evidenced that many users have dozens or even hundreds of accounts associated with them vastly inflating user metrics. (6/n)"
X Link 2023-03-23T12:34Z 899.5K followers, 297.7K engagements

"Block obfuscates how many unique individuals use Cash App reporting misleading metrics on "transacting actives" which include duplicate accounts by the same user. Former employees estimated that 40%-75% of accounts they reviewed were fake involved in fraud or duplicates. (7/n)"
X Link 2023-03-23T12:34Z 888.3K followers, 179.4K engagements

"$SQ has embraced one very underbanked segment: criminals. When users were caught engaging in fraud $SQ would blacklist the account but not ban the user. Former employees showed us blacklisted accts associated w/dozens or hundreds of other live accounts suspected of fraud. (8/n)"
X Link 2023-03-23T12:34Z 888.5K followers, 226.3K engagements

"CEO Dorsey has touted how Cash App is in hundreds of hip hop songs as evidence of its appeal. But artists are not rapping about Cash Apps smooth user interface many describe using it to scam traffic drugs or even pay for murder. (9/n) https://www.youtube.com/watchv=StjWk3Mj-M4 https://www.youtube.com/watchv=StjWk3Mj-M4"
X Link 2023-03-23T12:34Z 876.9K followers, 467.4K engagements

"I paid them hitters through Cash App Block even paid to promote a video for a song called Cash App which described paying contract killers through the app. The songs artist was later arrested for attempted murder. (10/n)"
X Link 2023-03-23T12:34Z 876.9K followers, 277.7K engagements

"Beyond facilitating payments for criminal activity the platform has been overrun with scam accounts & fake users according to interviews with former employees. The phenomenon of allowing blacklisted users was so common that rappers bragged about it popular songs. (13/n)"
X Link 2023-03-23T12:34Z 886.6K followers, 164.3K engagements

"In an apparent effort to preserve its growth Cash App ignored internal employee concerns along with warnings from the Secret Service FinCEN & State Regulators which all specifically flagged the issue of multiple payments going to the same account as a sign of fraud. (27/n)"
X Link 2023-03-23T12:41Z 893K followers, 139.4K engagements

"Block reported a pandemic surge in user counts and revenue ignoring the contribution of widespread fraudulent accounts and payments. The new business provided a sharp one-time increase to Blocks stock which rose 639% in [--] months during the pandemic. (28/n)"
X Link 2023-03-23T12:41Z 893K followers, 141.7K engagements

"As $SQ soared on the back of facilitation of fraud co-founders Dorsey and James McKelvey collectively sold over $1 billion of stock during the pandemic. Other execs including CFO Amrita Ahuja and lead manager for Cash App Brian Grassadonia also dumped millions in stock. (29/n)"
X Link 2023-03-23T12:41Z 893K followers, 151.1K engagements

"With its influx of pandemic Cash App users our research shows Block has quietly fueled its profitability by avoiding a key banking regulation meant to protect merchants. Interchange fees are fees charged to merchants for accepting use of various payment cards. (30/n)"
X Link 2023-03-23T12:41Z 893K followers, 143.4K engagements

"Congress passed a law that legally caps interchange fees charged by large banks that have over $10 billion in assets. Despite having $31 billion in assets Block avoids these regulations by routing payments through a small bank and gouging merchants with elevated fees. (31/n)"
X Link 2023-03-23T12:41Z 893K followers, 156.5K engagements

"$SQ includes only vague references in its filings acknowledging it even earns interchange fees. It has never revealed the economics of this category yet roughly 1/3 of Cash Apps revenue came from this opaque source according to a [----] Credit Suisse report. (32/n)"
X Link 2023-03-23T12:41Z 887.3K followers, 139.6K engagements

"Competitor $PYPL has disclosed it is under investigation by SEC & CFPB over similar use of a small bank to avoid interchange fee caps. A FOIA request we filed with the SEC indicates $SQ may be part of a similar investigation. (33/n)"
X Link 2023-03-23T12:41Z 877.8K followers, 147.5K engagements

"$SQ completed the $29 billion acquisition of buy now pay later service Afterpay in [----]. Block has celebrated Afterpay as a major innovator allowing users to buy things like a t-shirt and pay over time only incurring massive fees if payments are late. (34/n)"
X Link 2023-03-23T12:41Z 877.8K followers, 144.5K engagements

"Fitch Ratings reported that delinquencies through March [----] had more than doubled to 4.1% from 1.7% in June of [----]. Provisions for credit losses increased to $203.7m in [----] from $109.9m in [----]. Total processing volume declined -4.8% from the previous year. (37/n)"
X Link 2023-03-23T12:41Z 887.3K followers, 149.8K engagements

"$SQ hypes other mundane or predatory sources of revenue as breakthroughs. 31% of Cash App rev comes from instant deposit which Block says it pioneered & works as if by magic. Every major competitor we checked provides a similar service at comparable or better rates. (38/n)"
X Link 2023-03-23T12:41Z 893K followers, 163.2K engagements

"Despite current rich multiples Block is facing threats from key competitors like Zelle Venmo/Paypal & smartphone powerhouses like $AAPL & $GOOG. Apple has grown Apple Pay activations from 20% in [----] to over 70% in [----] & now leads in digital wallet market share. (41/n)"
X Link 2023-03-23T12:41Z 893K followers, 218.6K engagements

"We think Block has misled investors on key metrics and embraced predatory offerings and compliance worst-practices in order to fuel growth and profit from facilitation of fraud against consumers and the government. (42/n)"
X Link 2023-03-23T12:41Z 893K followers, 288.7K engagements

"Icahn Enterprises (IEP) is an $18 billion market cap holding company run by corporate raider and activist investor Carl Icahn who along with his son Brett own approximately 85% of the company. (2/n)"
X Link 2023-05-02T11:58Z 893K followers, 160.9K engagements

"We found $IEP units to be inflated by 75%+: (i) IEP trades at a 218% premium to NAV vastly higher than comps (ii) we've uncovered clear evidence of inflated marks for IEP's less liquid assets (iii) IEP has suffered additional losses YTD following its last disclosure (3/n)"
X Link 2023-05-02T11:58Z 892.9K followers, 161.4K engagements

"We further compared IEP to all [---] U.S.-based closed end funds (CEFs) in Bloombergs database. Icahn Enterprises premium to NAV was higher than all of them and more than double the next highest we found. (5/n)"
X Link 2023-05-02T11:58Z 887.2K followers, 110.7K engagements

"Reasons for IEPs extreme premium to NAV based on a review of retail-oriented media: (a) IEPs large dividend yield & (b) the prospect of investing alongside Wall Street legend Carl Icahn. Institutional investors have virtually no ownership in IEP. (6/n)"
X Link 2023-05-02T11:58Z 887.3K followers, 103.3K engagements

"$IEP's current dividend yield is 15.8% making it the highest dividend yield of any U.S. large cap company by far with the next closest at 9.9%. (7/n)"
X Link 2023-05-02T11:58Z 887.3K followers, 89.2K engagements

"As a result of the $IEP's elevated unit price its annual dividend rate equates to an absurd 50.5% of last reported indicative net asset value. (8/n)"
X Link 2023-05-02T11:58Z 887.2K followers, 86K engagements

"$TIO headquartered in New Jersey claims to have several business segments focused on providing mobile phones food processing and an online food marketplace for farmers primarily located in Nigeria. (3/n)"
X Link 2023-06-06T13:07Z 893.6K followers, 201.9K engagements

"In [----] Dozy claimed to have launched Tingo Airlines & posted social media messages encouraging customers to fly with Tingo Airlines today. Media later uncovered Tingo photoshopped its logo onto pictures of airplanes. Dozy later admitted to never owning any aircraft. (8/n)"
X Link 2023-06-06T13:07Z 884.9K followers, 161.1K engagements

"In April [----] Tingos Co-Chair wrote a public letter to Dozy filed with the SEC saying he could not approve the companys annual report & felt it necessary" to "resign" due to many critical questions comments and recommendations that went unanswered and unheeded. (9/n)"
X Link 2023-06-06T13:07Z 895.7K followers, 128.9K engagements

"$TIO's food division is [--] months old yet claimed to generate $577.2 million in revenue last quarter alone representing 68% of total reported revenue. If accurate its claimed 24.8% operating margins would exceed those of every major comparable food company. (10/n)"
X Link 2023-06-06T13:07Z 895.5K followers, 140.8K engagements

"We strongly suspect Tingos cash balance which it conveniently claims is held in Nigeria is fake. The company collected only 12% of the interest income one would expect from its claimed cash balances. (42/n)"
X Link 2023-06-06T13:17Z 885K followers, 47.6K engagements

"Tingo is a word in the Pascuense language of Easter Island meaning to borrow objects from a friend's house one by one until there's nothing left. For a company that did an otherwise terrible job pretending to be a real business it landed on an absolutely perfect name"
X Link 2023-06-06T13:17Z 893.7K followers, 129.9K engagements

"Overall we think Tingo is a worthless and brazen fraud that should serve as a humiliating embarrassment for all involved. We do not expect the company will be long for this world. $TIO (44/n) https://hindenburgresearch.com/tingo https://hindenburgresearch.com/tingo"
X Link 2023-06-06T13:17Z 893.6K followers, 121.4K engagements

"Tingo has not responded to a single issue our report raised over [--] months ago. The company is hosting a call tomorrow accepting questions. Today we sent $TIO the following [--] questions:"
X Link 2023-08-09T19:40Z 606.8K followers, 199K engagements

"NEW FROM US: Freedom Holding Corp: Brazen Sanctions Evasion Hallmarks Of Fabricated Revenue and Risky Bets with Commingled Customer Funds $FRHC (1/n) https://hindenburgresearch.com/freedom/ https://hindenburgresearch.com/freedom/"
X Link 2023-08-15T11:01Z 893K followers, 451.5K engagements

"Our investigation into $FRHC undertaken over the course of a year has included a review of extensive international corporate and regulatory records interviews with former employees and industry analysis. (4/n)"
X Link 2023-08-15T11:01Z 606.4K followers, [----] engagements

"Our research has unveiled a laundry list of red flags including evidence that $FRHC (i) brazenly skirts sanctions (ii) shows hallmark signs of fake revenue (iii) commingles customer funds & gambles assets in levered illiquid bets (iv) displays signs of market manipulation. (5/n)"
X Link 2023-08-15T11:01Z 606.9K followers, 13.9K engagements

"This admission follows a long history. [--] mos after U.S. sanctions against Russia following the [----] invasion of Ukrainian Crimea CEO Turlov established his own private entity in Belize admitting in filings the entity helps Russians sidestep "restrictions" to U.S. markets (12/n)"
X Link 2023-08-15T11:01Z 606.8K followers, [----] engagements

"In [----] as a newly listed U.S. company $FRHC expanded its business further when it bought a bank controlled by Vladimir Putins Former Chief of Staff a sanctioned Russian oligarch nicknamed Darth Vader. (13/n)"
X Link 2023-08-15T11:01Z 606.8K followers, [----] engagements

"4 of Russia's "financial elite" tied to Alfa Group were sanctioned by the U.S. Treasury days ago. Despite this FFIN Belize still advertises the ability to send rubles via Alfa Bank allowing customers to easily funnel rubles via a banned Russian bank into U.S. markets (15/n)"
X Link 2023-08-15T11:01Z 884K followers, [----] engagements

"Several months after "full blocking" sanctions were imposed on VTB Bank its customers shared tips over a Telegram channel on how to transfer money through Freedom Finance in Kazakhstan. (16/n)"
X Link 2023-08-15T11:01Z 884.2K followers, [----] engagements

"Over the last [---] years over 59% of trading in Freedom's stock has been driven by two tiny brokerage firms with ties to Freedom: Lek Securities and Vision Financial Markets. (40/n)"
X Link 2023-08-15T11:14Z 881.4K followers, [----] engagements

"(1) Lek Securities accounted for over 59% of $FRHC trading volume in '22 despite accounting for just 0.06% of trading volume on NASDAQ. (2) Vision Financial Markets accounted for 17% of YTD [----] reported $FRHC volume despite comprising only 0.03% of NASDAQ volume. (41/n)"
X Link 2023-08-15T11:14Z 881.4K followers, [----] engagements

"Freedom has also failed to disclose an ongoing SEC investigation since at least October [----] according to reporting by @DIReports. (46/n)"
X Link 2023-08-15T11:14Z 606.8K followers, 53.7K engagements

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