Justin

Looking for my next gig, DMs Open

clueless idiot. Burn the NRs and read the source filings. Learning in public.

Abundance Breeds Excess.

[Justin @YoungJustin]

Looking to grab coffee/drinks/dinner with anyone in Toronto as the weather is getting nicer now.

DM's open.

[Greg 🇨🇦 @drennan10]

$VFF

So the company bought back 2.87m shares for ~$9.4m or just over $3/share

and are now issuing 7.5m shares for $15m or $2/share...

So net 4.63m shares added for $1.2/share

That doesn't sound like a great use of capital to me, especially when it's apparently not needed.

[Jason Wild @JasonGWild]

Today, we filed notice of a Special Meeting to vote on a share consolidation. Uplisting to a major U.S. exchange is no longer a question of if. It's a question of when.

[Adam Feuerstein ✡️ @adamfeuerstein]

PIPE abuse

https://t.co/fTxfqXuQHj

[Justin @YoungJustin]

@jfberke I'm surprised she hasn't block me

[Oil Mutt @oilmutt]

Josh Cohen of $AZRH was arrested this morning https://t.co/CUTPoh7j8v

[Pelican Way Research @Pelicanwayre]

1/8: Today we have released a negative opinion piece on $CITR (CitroTech, Inc). We believe the stock is being brought to the market by various promoters who are luring investors into a trap built on a three-decade-old product that has never been commercialized at scale. We encourage you to read our full report and disclaimer on our website, which is linked in our bio.

[Maj Soueidan @majgeoinvesting]

A fun day of Skull Sessions recordings today:

@DeepSailCapital on the current short selling environment and how to identify short squeezes; why he launched his Substack.

@CodfishJohnny graciously offers his years of legal expertise to break down the Andrew Left conviction.

[Cura @h79sharesunder]

@StockJabber 🎯🎯🎯
re- @CitronResearch
Must read.

[Activ8Insights @Activ8Insights]

Much has been written about Andrew Left's conviction. As the news and data organization focused solely on the world of activist short selling, we are staying close to it.

We recently sat down with @CodfishJohnny , arguably the best attorney supporting the work of activist short sellers, on what the verdict means for the field.

His read: 'I don't think the trial verdict in and of itself changes the actual legal risks of short activism. I think it's changed the perception of risk by many short activists.'

The conviction punished the gap between what Left said and how he traded. It did not touch the value of the research itself.

That distinction matters, because activist short sellers do work almost no one else will. They commit real time and capital to exposing fraud that auditors, regulators, and sell-side analysts routinely miss, and they take on serious legal and personal risk to do it. A healthy market depends on people willing to stand up and say something is wrong, and weakening their ability to do that work would leave the system worse off, not better.

The real test comes when the government has to defend its theory on appeal. We will continue to follow this, and like the rest of the field, we will be waiting to see what the appeal says.

Article: https://t.co/9wOtlx6s0I

[Name Can't Be Blank @BearBullDebate]

wow, congrats @ResearchGrizzly @SGEggert at least some short reports out there still work.

I'll keep the faith a little bit longer.

https://t.co/zpkqca5YSM

[Codfish Johnny @CodfishJohnny]

To the Short Activist community. Many of you are worried about "what the Left verdict means for us." At this stage, for most, not much except increased paranoia (I know that seems impossible). But that doesn't mean the community shouldn't be proactive in this fight because the real law will be made on appeal. There is room in the anticipated appeal for one or more amicus briefs before the 9th Circuit. Here are a few suggested areas. I'm curious which strikes you all as most potentially fruitful.

* First Amendment protection for market research.
* No general duty to disclose trading positions absent a recognized legal obligation.
* Lack of symmetry between long and short activism.
* Price discovery and anti-fraud benefits provided by short sellers.
* Fair-notice concerns about expanding securities-fraud doctrine.

I'm open to organizing a group in the industry to back the expense of and/or sign onto public association with such a brief.

[Citron Research @CitronResearch]

Today I was found guilty. Amongst other things, for recommending Tesla, Nvidia and Meta back in 2018.
Not once did anyone say I lied. The government’s own agent admitted it on the stand. There were no false statements.
So now a truthful opinion that ends up making money is illegal. Is this America?
We disagree with the jury and this does not stop here. We will keep fighting for free, honest speech and opportunity, the backbone of this country.
This is not over.

[Negligible Capital @negligible_cap]

*SHORT SELLER ANDREW LEFT FOUND GUILTY OF SECURITIES FRAUD

RIP Citron

[Betting Bruiser @BettingBruiser]

ANDREW LEFT @CitronResearch FOUND GUILTY OF SECURITIES FRAUD $GME $AMC

[Cura @h79sharesunder]

Does the same logic apply to Sivers Q and annual reports?

[Justin @YoungJustin]

Everyone mother is short $POET, anyone care that they have a partnership/agreement with another twitter/reddit high-flyer $SIVE

[Siegfried Eggert @SGEggert]

https://t.co/VbQXUZZZca

[Ed Elson @edels0n]

$65B private round

More than double the size of the largest IPO ever

[Bloomberg @business]

Canadian generic drugmaker Apotex Health filed for an initial public offering in Toronto https://t.co/KfvTMApDNi

[Olga Usvyatsky @ousvyatsky]

Can investors learn anything about SEC concerns before SEC comment letters become public?
SpaceX provides an interesting case study. Our latest: https://t.co/PrzaIXALm9