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Earnings conference call just ended. Alf Poor mentioned they hired DLA Piper a Global Law Firm to handle those short selling attacks which they believe were associated to these firms below:
Hindenburg Research
J Capital Research USA LLC
IDEX also mentioned that will be reporting vehicle sales figures starting soon on a monthly basis to also increase transparency for investors and the general public.
Overall, in my personal opinion, the future looks good for IDEX.
Latest Hidenburg Research letter sent to IDEX's Board of Directors/Executive Team and Auditor
https://www.slideshare.net/HindenburgResearch/hindenburg-letter-to-ideanomics-board-executive-team-and-auditors
Ideanomics' response to this letter can be found on IDEX's Twitter page https://twitter.com/ideanomicshq where they stated:
We have received Hindenburg's letter, and we would like to state we do not owe them a response. That said, we have retained a top-ranked Am Law 200 global law firm to advise us and deal with short-selling campaigns.
This message board's classification has now changed from Media - Television Services (back in the day when they were Wecast Network, Inc.) to Automotive and Transportation so thank you Investorshub support.
Please note I originally asked for the classification be changed to Alternative Energy but their support chose Automotive and Transportation.
Nice to know IDEX is in the same classification as Tesla and Nikola Motor.
Ask them to remove or update the FinTech Village page on their website https://ideanomics.com/divisions/fintech-village/ by writing to IDEX below. I just did that and I am sure if others do as well they will modify or remove the FinTech Village page on their website
https://ideanomics.com/contact/
Now keep in mind that this news below only came out 6 days ago about FinTech Village
https://finance.yahoo.com/news/ideanomics-receives-interest-town-west-123000208.html
IDEX's CEO Alf Poor made it very clear that they are NO LONGER PURSUING this.
By keeping this FinTech Village information on their website only gives firms like J Capital and Hidenberg Research more ammunition to make more false claims.
IDEX Investigations (2) / Class Actions (11) list below.
There seems to be a new greedy lawyer popping up every hour or so now...what a total joke this has become.
Investigations:
https://www.globenewswire.com/news-release/2020/06/29/2055041/0/en/Ideanomics-Investors-Company-Investigated-by-the-Portnoy-Law-Firm.html
https://www.globenewswire.com/news-release/2020/06/26/2054219/0/en/Ideanomics-Inc-Investors-Who-Have-Suffered-Losses-Greater-Than-50-000-Encouraged-To-Contact-Kehoe-Law-Firm-P-C.html
Class Actions:
https://finance.yahoo.com/news/klein-law-firm-reminds-investors-223500532.html
https://www.prnewswire.com/news-releases/hagens-berman-national-trial-attorneys-encourages-investors-in-ideanomics-idex-to-contact-firm-securities-fraud-case-filed-301085393.html
https://finance.yahoo.com/news/class-action-endp-idex-bkd-204500037.html
http://www.businesswire.com/news/home/20200629005743/en/Glancy-Prongay-Murray-LLP-Announces-Filing-Securities
https://www.prnewswire.com/news-releases/ideanomics-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a--securities--class--action--lawsuit--has--been--filed--in--the--united-states-district-court-for-the-southern-district-of-new--301085228.html
http://www.businesswire.com/news/home/20200629005711/en/SHAREHOLDER-ACTION-ALERT-Schall-Law-Firm-Announces
http://www.businesswire.com/news/home/20200629005709/en/INVESTOR-ALERT-Law-Offices-Howard-G.-Smith
http://www.businesswire.com/news/home/20200629005756/en/Law-Offices-Frank-R.-Cruz-Announces-Filing
https://stockhouse.com/news/press-releases/2020/06/29/idex-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ideanomics-inc
http://www.businesswire.com/news/home/20200629005700/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Filing
https://www.globenewswire.com/news-release/2020/06/29/2054418/0/en/LAWSUIT-FILED-Block-Leviton-LLP-Announces-that-it-Filed-a-Lawsuit-Against-Ideanomics-Inc-for-Securities-Fraud-Investors-Who-Lost-Money-Should-Contact-the-Firm.html
The petition against Hidenburg Research below has lots of signatures and the guy that started this petition is Joseph Livi.
Last time I checked Livi and Levi not the same name but interesting coincidence that lawyer name is Joseph Levi....interesting....LOL
https://www.change.org/p/ideanomics-idex-shareholders-hindenburg-research-fraud?signed=true
IDEX Investigations (1) / Class Actions (10) list below.
There seems to be a new greedy lawyer popping up every hour or so now...what a total joke this has become.
Investigations:
https://www.globenewswire.com/news-release/2020/06/29/2055041/0/en/Ideanomics-Investors-Company-Investigated-by-the-Portnoy-Law-Firm.html
Class Actions:
https://finance.yahoo.com/news/klein-law-firm-reminds-investors-223500532.html
https://www.prnewswire.com/news-releases/hagens-berman-national-trial-attorneys-encourages-investors-in-ideanomics-idex-to-contact-firm-securities-fraud-case-filed-301085393.html
https://finance.yahoo.com/news/class-action-endp-idex-bkd-204500037.html
http://www.businesswire.com/news/home/20200629005743/en/Glancy-Prongay-Murray-LLP-Announces-Filing-Securities
https://www.prnewswire.com/news-releases/ideanomics-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a--securities--class--action--lawsuit--has--been--filed--in--the--united-states-district-court-for-the-southern-district-of-new--301085228.html
http://www.businesswire.com/news/home/20200629005711/en/SHAREHOLDER-ACTION-ALERT-Schall-Law-Firm-Announces
http://www.businesswire.com/news/home/20200629005709/en/INVESTOR-ALERT-Law-Offices-Howard-G.-Smith
http://www.businesswire.com/news/home/20200629005756/en/Law-Offices-Frank-R.-Cruz-Announces-Filing
https://stockhouse.com/news/press-releases/2020/06/29/idex-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ideanomics-inc
http://www.businesswire.com/news/home/20200629005700/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Filing
Don't you love short sellers and lawyers? This is a total joke and has become quite comical now.
Add this investigation you mention to this long list of Investigations (1) and Class Actions (8) filed recently against IDEX listed below.
Investigations:
https://www.globenewswire.com/news-release/2020/06/29/2055041/0/en/Ideanomics-Investors-Company-Investigated-by-the-Portnoy-Law-Firm.html
Class Actions:
https://finance.yahoo.com/news/class-action-endp-idex-bkd-204500037.html
http://www.businesswire.com/news/home/20200629005743/en/Glancy-Prongay-Murray-LLP-Announces-Filing-Securities
https://www.prnewswire.com/news-releases/ideanomics-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a--securities--class--action--lawsuit--has--been--filed--in--the--united-states-district-court-for-the-southern-district-of-new--301085228.html
http://www.businesswire.com/news/home/20200629005711/en/SHAREHOLDER-ACTION-ALERT-Schall-Law-Firm-Announces
http://www.businesswire.com/news/home/20200629005709/en/INVESTOR-ALERT-Law-Offices-Howard-G.-Smith
http://www.businesswire.com/news/home/20200629005756/en/Law-Offices-Frank-R.-Cruz-Announces-Filing
https://stockhouse.com/news/press-releases/2020/06/29/idex-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ideanomics-inc
http://www.businesswire.com/news/home/20200629005700/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Filing
Wow, another class action listed below against IDEX. What a joke!
Now tell me again why there aren't any lawsuits against Hindenburg Research which from my personal opinion is the main culprit and responsible for this short selling activity?
https://www.prnewswire.com/news-releases/ideanomics-inc-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a--securities--class--action--lawsuit--has--been--filed--in--the--united-states-district-court-for-the-southern-district-of-new--301085228.html
If IDEX investors had 1 dollar for every class action suit filed against IDEX we would be rich LOL! Whatever transpired from those 2018 investigations against Seven Stars Cloud Group? (IDEX's former company name -ticker SSC). I'll tell you what happened...NOTHING!!!
More BS Class Action Lawsuits (5) and Investigations (1) on IDEX below BEGINNING ON OR AFTER JUNE 26, 2020:
http://www.businesswire.com/news/home/20200629005711/en/SHAREHOLDER-ACTION-ALERT-Schall-Law-Firm-Announces
http://www.businesswire.com/news/home/20200629005709/en/INVESTOR-ALERT-Law-Offices-Howard-G.-Smith
http://www.businesswire.com/news/home/20200629005756/en/Law-Offices-Frank-R.-Cruz-Announces-Filing
https://stockhouse.com/news/press-releases/2020/06/29/idex-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ideanomics-inc
http://www.businesswire.com/news/home/20200629005700/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Filing
http://www.businesswire.com/news/home/20200626005477/en/Glancy-Prongay-Murray-LLP-Leading-Securities-Fraud
This BS amazes me. These law firms and so called "investigators" should all go to Prison for price manipulation!
Remember back in Feb 2018 when IDEX used to be known as Seven Stars Cloud Group Inc and they tried to attempted to drag the stock down....
https://markets.businessinsider.com/news/stocks/block-leviton-llp-investigates-seven-stars-cloud-group-inc-ssc-after-the-company-slashes-its-guidance-and-replaces-its-auditor-1016867651
https://www.marketscreener.com/SEVEN-STARS-CLOUD-GROUP-I-36911425/news/Levi-Korsinsky-LLP-Reminds-Investors-of-Commencement-of-an-Investigation-Involving-Possible-Secur-26047170/
Rinse and repeat.
More BS Class Action Lawsuits below:
https://stockhouse.com/news/press-releases/2020/06/29/idex-shareholder-alert-bronstein-gewirtz-grossman-llc-notifies-ideanomics-inc
http://www.businesswire.com/news/home/20200629005700/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Filing
http://www.businesswire.com/news/home/20200626005482/en/Law-Offices-Frank-R.-Cruz-Announces-Investigation
http://www.businesswire.com/news/home/20200626005477/en/Glancy-Prongay-Murray-LLP-Leading-Securities-Fraud
This BS amazes me. These law firms and so called "investigators" should all go to Prison for price manipulation!
Remember back in Feb 2018 when IDEX used to be known as Seven Stars Cloud Group Inc and they tried to attempted to drag the stock down....
https://markets.businessinsider.com/news/stocks/block-leviton-llp-investigates-seven-stars-cloud-group-inc-ssc-after-the-company-slashes-its-guidance-and-replaces-its-auditor-1016867651
https://www.marketscreener.com/SEVEN-STARS-CLOUD-GROUP-I-36911425/news/Levi-Korsinsky-LLP-Reminds-Investors-of-Commencement-of-an-Investigation-Involving-Possible-Secur-26047170/
Rinse and repeat.
This BS amazes me. These law firms and so called "investigators" should all go to Prison for price manipulation!
Remember back in Feb 2018 when IDEX used to be known as Seven Stars Cloud Group Inc and they tried to attempted to drag the stock down....
https://markets.businessinsider.com/news/stocks/block-leviton-llp-investigates-seven-stars-cloud-group-inc-ssc-after-the-company-slashes-its-guidance-and-replaces-its-auditor-1016867651
https://www.marketscreener.com/SEVEN-STARS-CLOUD-GROUP-I-36911425/news/Levi-Korsinsky-LLP-Reminds-Investors-of-Commencement-of-an-Investigation-Involving-Possible-Secur-26047170/
Rinse and repeat.
So IDEX secured two deals recently 400 and 300 units in the millions of US dollars but does anyone know what IDEX's cut is (actual revenue they will get) in percentage for brokering such deals?
With terrible quarterly financial results like this, odds are revenues and hopefully stock price can only go up from this low point and 52 week low.
This is a good entry point.
Any new developments on your drive to IDEX's Campus?
Like I said, if they can EXECUTE on these deals, the existing stock price at these low levels under $2 per share won't be around for very long.
I heard the webcast for the Q1 2019 Ideanomics Earnings Release and the future looks brighter IF they can EXECUTE on the deals they are working on.
To listen to it, go to this page:
https://ideanomics.gcs-web.com/events-and-presentations
Well I guess we were all way off about Q1 2019 earnings. This one better pick up soon with their "new" business plan because I am starting to lose my patience with management.
On the bright side, revenues on their new business model can only go up from here LOL
Nice to see them posting videos on their New York HQ Ideanomics channel:
https://www.youtube.com/channel/UC5QyVD-NcyTlItiVVgfeHHg
The "Dr. Bruno Wu speaks at Nasdaq" video (273 views as I write this) was very informative and I suggest you watch it especially if you've invested in this company as in my opinion the future looks very promising for Ideanomics.
Nice jump in revenue compared to last fiscal year and outstanding shares aren't very much as indicated on Annual report that came out today.
There were a total of 134,061,959 shares of the registrant’s common stock outstanding as of April 1, 2019.
I read this excerpt from today press release below but unless my math is wrong this is a lot of revenue for IDEX in the next 3 years.
Ideanomics will receive an initial payment allocation of GT Dollar tokens equivalent to US $170 Million and receive annual management fees of 3% of the total market value of GT Tokens on December 31st of each year of service for three years. As of March 19, 2019, the GT Dollar token has a total market value of US $97.66 Billion and has significant trading volume (https://www.asiaedx.com).
From the latest filings most likely but their float is still small as the latest I could find is this
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13064890&RcvdDate=11/14/2018&CoName=IDEANOMICS%2C%20INC.&FormType=10-Q&View=html
That says:
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 102,266,066 shares as of November 10, 2018.
Why the sudden pop and larger volume at the end of the day? I don't see any news. Interesting.....
Aurora Cannabis invested 10 million in this company and it trades close to 0.50.
https://finance.yahoo.com/news/aurora-cannabis-provides-strategic-investment-120000839.html
If you have Facebook, you can see the video and presentation of IDEX ringing opening NASDAQ bell and scroll to the 4 minute and 7 second mark as that when it starts.
https://www.facebook.com/Nasdaq/videos/256422955033206/
Their revenue for 9 months in 2018 was $362,628,296 in the latest 10-Q and according to their PR they said and I quote "Given our strong revenue results, we are on track to exceed our revenue guidance of $280 million for fiscal year 2018."
Is it me or does this statement not make any sense since they already surpassed $280 million by quite a large amount already?
The SSC ticker hasn't changed to IDEX today and I don't see any changes here.
https://www.nasdaq.com/markets/stocks/symbol-change-history.aspx
Anyone know what's going on with this ticker change?
They seem to all have lawsuits these days, AMD, Intel, Apple, etc. We all know with certainty that in all of this one group of individuals will win, which is the Legal firms.
All I can say is still is now a perfect buying opportunity for SSC.
So they screwed up (hope they learn from this) and over inflated revenue but 125-144 million is still pretty decent for this stock with a tiny float and outstanding shares of only 62,309,492 as of Nov 9, 2017 considering WeCast made no revenues (barely any). People need to relax and take a chill pill. Just my 2 cents.
I see the news here but FINRA still doesn't have name change
http://www.otcmarkets.com/stock/PURO/news/Purio--Inc---PURO--Provides-2018-Roadmap-for-the-Development-and-Buildout-of-its-Cryptocurrency-Mining-Facilities?id=181916&b=y
http://otce.finra.org/DLSymbolNameChanges
Now this is what I call a buying opportunity!
With financials coming out soon, this one won't stay at these levels.
I had the ticker symbol on this board changed to BB to reflect reality.
BB has a promising future in the Automobile software security industry which I personally believe they are the leaders in.
Great blockchain article and in my opinion SSC is an undervalued play with almost 1/2 billion in revenues in 2018 expected.
https://realmoney.thestreet.com/articles/01/18/2018/7-potential-blockchain-cryptocurrency-winners-could-emerge-carnage
Great blockchain article and in my opinion SSC is an undervalued play with almost 1/2 billion in revenues in 2018 expected.
https://realmoney.thestreet.com/articles/01/18/2018/7-potential-blockchain-cryptocurrency-winners-could-emerge-carnage
Found the PURO ticker change info so thanks.
Closing date info is in section 1.02
Ticker Symbol change for PURO in section 7.01
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=184709
The only thing I don't like is the float and outstanding shares on this puppy (in the billions) meaning most likely a reverse-split will happen as this is a penny stock after all and they do this all the time.
Do you have any news on PURO's ticker change or what new ticker will be as all I could find was a Tier change to Pinks which happened today.
https://www.otcmarkets.com/market-activity/otc-tier-changes?search=PURO&searchType=symbol
Shouldn't PURO be on this list too as they are Pink current.
http://www.otcmarkets.com/stock/puro/quote
https://bitfrontiercapitalholdings.com/
MGTI is no longer a Pink, it should be in the OTCQB list.
http://www.otcmarkets.com/stock/mgti/quote
You worried you are down a $1. With a low float like this and over $300 million in revenues this year, take a breather as you will be making a nice profit on this stock real soon as we all know that even if they are not really into cryptocurrency the fact alone that they are dealing with a SEC approved blockchain exchange that they purchased a minority interest in will eventually bring tons of sheep buying this stock as those sheep will buy any stock that deals with either cryptocurrencies or blockchains.
Keep in mind, this is a real company with real revenues and low outstanding shares and low float so being down a dollar is nothing as this puppy can shoot up and double in one day if either news comes out or another run happens. I personally think this will be double digits in the next few months or so.