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I see there are still plenty of Shitskin Moo-ons here that have no clue what is coming to SAPX share prices.
There entire OS is naked shorted. All 2 Billion shares. The cost to Borrow is already up 30,000% this month as people put all their shares up for sale using GTC, Good Till Cancelled orders at the highest prices the Brokers allow.
May 28th the days to cover shorts, that had been a free ride for hedge fund shorts since 1933, goes to one day (perfect time for the quarterly to drop?), tripling the cost to cover shorts.
SEC and the US congress have put the DTCC and hedge funds under a new microscope for xxx-Trilions of dollars stolen from US investors since the mid 1980s. Just google people. And over 22 Trillion in fake US Treasury debt printed by DTCC out the back door..Just discovered and reported. Also public news, check SEC DTCC and google the key words.
Once the quarterly is filed, with revenue that is 8 times the markets cap reported, confirming SAPX is not a shell risk, this stock goes supersonic.
Look em up while you still can folks.
"Moon Soon" is the BABL word.
The word is out "Moon Soon"
The only con, con job is the posts like the one I am
replying to.
Asking the same dumb a*ss question 100 times does not change answer. It was used in the field trials that produced this:
https://www.otcmarkets.com/otcapi/company/dns/news/document/73381/content
https://www.otcmarkets.com/stock/IFUS/news/IFUS-SGP-Game-Changer?v&id=7071
4 weeks ago:
final version of the CBS news covering IFUS tonight is out. It was recorded. The Text version has a link the front page of the IFUS website that features the SGP+(tm) game changer cattle feed. The story is about IFUS SGP+(tm) cattle feed donation to the North Texas cattle owners to help save what is left of their cattle, and the fact that this new super low cost game changer cattle feed is a huge solution to climate change driven disasters like North Texas suffered last week, that destroyed 1.1 Million acres of grass and cattle industry assets.
https://www.wafb.com/2024/03/07/new-innovative-cattle-feed-being-donated-north-texas/
Professional Emmy award winner, IFUS shareholder Video made for IFUS for free. Gifted to IFUS by a friend of mine:
Best money, investment IFUSerians ever made.
Watch and learn oh wanna be failed puppet man
Uber is back for more, awesome. I hope you are pre-paired to be Uber-Embarrased for a change?
As they said in the movie Interstate 60 ... Change is inevitable
$IFUS is changing the way the world feeds cattle.
$IFUS will start changing the way the world fertilizes soil to grow food, and the way the world turns deserts into green fields.
$IFUS is changing the way oils spills are cleaned up.
I also hear there is going to be a prayer vigil for non shareholders and their soon to die under an IFUS Diamond Hands BullDoser, hedge fund of fools, dumb money that shorted IFUS, when they should got the hint and covered?
Shareholder news letter just out $IFUS. The pressure of this volcano is reaching critical now. Next eruption can be any day.
https://www.otcmarkets.com/stock/IFUS/news/IFUS-Letter-to-Shareholders-5-15-2024?id=440549
https://www.otcmarkets.com/otcapi/company/dns/news/document/74635/content
$IFUS #cattle #drought #dairy #beef #India #Australia
— IMPACT FUSION INTERNATIONAL, INC. (@ImpactfusionI) May 15, 2024
Update to Shareholder’s IFUS SGP+https://t.co/19z2lsjjB6
Back to Work!
Shareholder news letter just out $IFUS
https://www.otcmarkets.com/stock/IFUS/news/IFUS-Letter-to-Shareholders-5-15-2024?id=440549
https://www.otcmarkets.com/otcapi/company/dns/news/document/74635/content
$IFUS #cattle #drought #dairy #beef #India #Australia
— IMPACT FUSION INTERNATIONAL, INC. (@ImpactfusionI) May 15, 2024
Update to Shareholder’s IFUS SGP+https://t.co/19z2lsjjB6
Back to Work!
So you are claiming the other 2 Lions Gate stocks are fake?
LMAO, I needed a good laugh.
SAPX and Lions Gate, Like 2 peas in a pod:
https://investors.lionsgate.com/news-and-events/press-releases/2024/05-13-2024-224015830
Courtesy of Lionsgate. (PRNewsFoto/Lionsgate) (PRNewsfoto/Lionsgate)
The transaction, which raised $350 million in proceeds from a group of leading investors, was enabled by a business combination with Screaming Eagle Acquisition Corp. (NASDAQ: SCRM), whose shareholders approved the deal at an extraordinary general meeting on May 7, 2024. Screaming Eagle is a publicly-traded special purpose acquisition company established for the purpose of effecting a merger, asset acquisition, or similar business combination with one or more businesses.
The transaction is a major step in executing Lionsgate's plan to fully separate its Studio and STARZ businesses. It values Lionsgate Studios at an enterprise value of $4.6 billion.
The newly-created Lionsgate Studios is a platform-agnostic, pure play content company with a deep portfolio of franchise properties, including The Hunger Games, John Wick, The Twilight Saga, Now You See Me and Saw and the television series Mad Men, Orange Is the New Black, Ghosts, The Rookie and the Power Universe, a robust and diversified film and television production and distribution business, a leading talent management and production company, and a world-class film and television library.
As a result of the transaction, 87.2% of the total shares of Lionsgate Studios are expected to be held by Lionsgate, while former Screaming Eagle public shareholders and founders and common equity investors are expected to own an aggregate of approximately 12.8% of the combined company. Lionsgate Studios does not include the STARZ premium subscription platform, which will continue to be wholly owned by Lionsgate.
"This transaction reaffirms our longstanding belief in the value of premium content by enabling us to launch Lionsgate Studios as one of the world's leading standalone, pure play, publicly-traded content companies," said Lionsgate CEO Jon Feltheimer and Vice Chair Michael Burns. "It is an important step forward in the process of preparing strategically and financially for the full separation of our Studio and STARZ businesses that is designed to deliver incremental value to all of our stakeholders."
The Company noted that it continues to anticipate that the full separation will occur by the end of calendar 2024.
"We're thrilled to be part of creating a company positioned in the sweet spot of the entertainment content business," said Screaming Eagle CEO Eli Baker. "At launch, Lionsgate Studio is one of the largest standalone pure play content companies in the world, well positioned to deliver value to new and existing shareholders through an innovative and creative transaction."
Morgan Stanley & Co. LLC (Morgan Stanley) acted as financial advisor to Lionsgate. Citigroup Capital Markets Inc. (Citigroup) acted as financial advisor to Screaming Eagle. PJT Partners also acted as financial advisor to Lionsgate. Citigroup and Morgan Stanley acted as co-placement agents for Screaming Eagle with respect to the common equity financing. Wachtell, Lipton, Rosen & Katz acted as legal advisor to Lionsgate and Denton's Canada LLP acted as legal advisor to Lionsgate in Canada. White & Case LLP acted as legal advisor to Screaming Eagle and Goodmans LLP acted as legal advisor to Screaming Eagle in Canada. Davis Polk & Wardwell LLP acted as legal advisor to Citigroup and Morgan Stanley in connection with their roles as co-placement agents.
Lionsgate Studios will ring the opening bell at NASDAQ at 9:30a ET/6:30a PT on Wednesday, May 15, to celebrate the launch.
About Lionsgate Studios
Lionsgate Studios (NASDAQ: LION) is one of the world's leading standalone, pure play, publicly-traded content companies. It brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a talent management and production powerhouse and a more than 20,000-title film and television library, all driven by Lionsgate's bold and entrepreneurial culture.
About Lionsgate
Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class motion picture and television studio operations and the STARZ premium global subscription platform, together bringing a unique and varied portfolio of entertainment to consumers around the world. The Company's motion picture, television and subscription businesses are backed by a more than 20,000-title film and television library. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for audiences worldwide. Lionsgate holds an approximately 87.2% stake in the newly-created Lionsgate Studios.
For investor inquiries, please contact:
Nilay Shah
nshah@lionsgate.com
310-255-3651
For media inquiries, please contact:
Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com
Forward-Looking Statements
This press release contains certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "seek," "should," "target," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the ability of Lionsgate Entertainment Corp. ("Lionsgate") to effectuate the separation of Lionsgate Studios Corp. ("Lionsgate Studios") and the STARZ Business of Lionsgate; the benefits of the Business Combination; changes in Lionsgate's or Lionsgate Studios' strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based on information available as of the date of this release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing Lionsgate's or Lionsgate Studios' views as of any subsequent date, and neither Lionsgate nor Lionsgate Studios undertakes any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Lionsgate and Lionsgate Studios cannot give any assurance that either of them will achieve its expectations. You should not place undue reliance on these forward-looking statements. As a result of a number of known and unknown risks and uncertainties, Lionsgate's or Lionsgate Studios' actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: (i) the timing to the proposed separation or the receipt of proceeds in connection with the Business Combination; (ii) the outcome of any legal, regulatory or governmental proceedings that may be instituted against Lionsgate or Lionsgate Studios or any investigation or inquiry in connection with the Business Combination; (iii) the ability to recognize the anticipated benefits of the Business Combination; (iv) unexpected costs related to the Business Combination; (v) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (vi) operational risks; (vii) litigation and regulatory enforcement risks, including the diversion of management time and attention and the additional costs and demands on Lionsgate's or Lionsgate Studios' resources; and (viii) other risks and uncertainties indicated from time to time in the annual report on Form 10-K of Lionsgate (the "Lionsgate Form 10-K") filed with the Securities and Exchange Commission on May 25, 2023, the quarterly report on Form 10-Q of Lionsgate filed with the Securities and Exchange Commission on February 8, 2024 and the current report on Form 8-K of Lionsgate Studios to be filed with the Securities and Exchange Commission in connection with the consummation of the Business Combination (the "Studios Form 8-K") including those under "Risk Factors" in the Lionsgate Form 10-K and Studios Form 8-K, and in the other periodic reports and other filings of Lionsgate and Lionsgate Studios with the Securities and Exchange Commission.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lionsgate-studios-to-launch-tuesday-may-14-302144005.html
SOURCE Lionsgate
SCRM is now LION, which is merging with STARZ, as Lions Gate spins off STARZ, who has an 8 Million dollar deal already with SAPX.
The "STARZ" are lining up for SAPX
It is a done deal. SCRM is now LION (third LION ticker on NYSE)
https://www.otcmarkets.com/filing/html?id=17536134&guid=RrQ-k619PyECJth
SCRM is now LION
New thought.
SAPX could stay OTC reporting, and simply file Audited Financials, and then merge with Lion? There would be no need to dork around with the SEC. It would be way faster.
Just connecting dots that make sense.
I like the fact the CEO knows how to sell and market. Question is can she reach break even and start paying off debt instead of adding to it,
Before the exploding costs kill it. She may just pull it off.
Scamy Peeps lying to panhandle for cheap shares. Exortionists, and common no account bashers.
I am loving the discounts.
Well doggie, thank you for catching that typo and being kind enough to alert real IFUS shareholders,
IFUSerians to the typo error so they can find the website etc...
https://www.suagcenter.com/page/sustainable-agricultural-systems
Very interesting. Great job. Have finally started buying shares before the short squeeze?
Southern University opened its doors in 1880 in New Orleans, Louisiana, with 12 students, five faculty members and a budget totaling $10,000. in 1914, the University was relocated to Louisiana's capital city - Baton Rouge. The Southern University and A&M College System was created by the state legislature under the management of the Southern University Board of Supervisors. The University expanded to other cities in the state, establishing Southern University, New Orleans (SUNO), Southern University Shreveport (SUSLA), the Southern University Law Center and the Southern University Agricultural Research and Extension Center (SUAREC).
The Southern University Ag Center was established on July 1, 2001 out of the need to enhance the impact of our land-grant programs on the citizenry of the state of Louisiana. The mission of the Center is to conduct basic and applied research and disseminate information to the citizens of Louisiana in a manner that is essential in addressing their scientific, technological, social, economic and cultural needs of its clientele. SUAREC encompasses the Center for Small Farm Research, which was established in 1983, the Cooperative Extension Program, the SU Livestock Show and its state-of -the-art arena with a 385-acre agricultural research experiment station and the Southwest Center for Rural Initiatives, a satellite entity located in Opelousas. In recent years, the College of Agricultural, Family and Consumer Sciences at Southern University in Baton Rouge has been relinked to the Southern University Ag Center with an inaugural Chancellor-Dean taking office effective September 1, 2016.
BABL closed up almost 50% today Loser. I hope you know that extortion is in crime and doing it in Public is as dumb as it gets
Just telling people to check things for themselves. Don’t listen to the drivel you post or any of your dump call buddies. Go check out things for yourself and within 5 minutes you will realize this is not a scam.
LMAO.....
$SAPX I forgot this:
"Pursuant to ongoing merger negotiations, which requires the Company to provide audited financial statements, management has determined it is in the best interest of Seven Arts and its shareholders to expedite these expectations and rapidly execute on its previously announced intent to up-list to full SEC reporting. To that end, the Company is actively working with its audit firm."
Keep up please, this is not complicated. We were talking about the red herring BS posts about the reduced inventory, that was not in sales column.
"Where did it go?"
1) Did Marc get Hungry and eat it all?
2) Did Panther sneak in and eat it all on the grave yard shift? LOL
3) Did alien cows raid the inventory on the grave yard shift?
4) Was it used in the trials? Bingo. It is the only logical conclusion.
OTC formats do not have a place for connecting the dots. It just takes a little business experience/smarts some 5th graders know how to to do.
Your posts contain unaudited BS as well.
Answer me this. If a CEO was going to lie, or was lying, why not file Uber Bullish data claiming Millions in sales already?
Marc did not do that. Therefore your claim is obvious BS.
CEOs have to use the archaic barbarian style spread sheet form, that is about as useful as T-*-t-s On a boar hog. SEC format is designed by professional accounting liars...and is 100 times worse.
I have reviewed some SEC filed financials with some professional friends, and no one could make heads or tails of them.
The BWMG CEO needs to get on some You Tube Interviews and tell the OTC stock folks who and what BWMG is and has products wise.
I can get a free interview set up with one the best that has a great following, and does great interviews if he would return a phone call.
I am in a stock with a six month revenue of $40,000 (Just starting to build the revenue, that already hit close to $100 Million dollar Market cap in December, and rallied last year while OTC stocks were crashing, and is an OTC stock, that is not even SEC reporting yet, and has been steady at about a $50 Million dollar cap since December.
I am starting to wonder if management either does not want the stock price higher, or is too afraid of the SEC (and the companies attorney advisors) to wake up new eyes to get the stock price where it belongs, with some volume?
Today Roaring Kitty returned, the guy that rallied Game Stop in 2021 (Check out the movie Dumb Money) and bankrupted Ken Griffins, CEO/Owner Chitdel Securities Hedge fund, sticking it with a 6.8 Billion loss, who made his money shorting OTC stocks, and penny stocks until they died.
And today Game Stop, and Amc rallied 60-80% in one day just because Roaring Kitty returned to his You Tube channel.
That was the signal for Penny stocks to wake up and rally, from what I am hearing...
But no one knows about BWMG,
Dumb Money's (The Movie) Game Stop savior ROARING-KITTY that Bankrupted Ken Griffins 6.8 billions dollar hedge fund in 2021 is back today, after an 18 month break.
That stock and Amc rallied biggly today, So maybe we recuit them to get eyes on BIXT?
Not possible if it is a conditional deal, waiting on Lions Gate to spin off STARZ into the Screaming Eagle Acquisition SPAC
Not one scintilla of truth in that post. Hedge funds that are their own broker dealer, are known to wash trade fake, naked short shares for new fake naked short shares, to extend the days to cover. Any moron can see that going on. Take the blinders off and wake up. You have been on the wrong side the whole time.
Major IFUS news is out today
https://finance.yahoo.com/news/impact-fusion-international-inc-announces-131500044.html
I already know it is the "Holy Grail of Cattle feed" and I am a credentialed expert.
Why and How do we know? Because the Lignin was the problem, the reason bagasse was not used for cattle feed.
The only way to get the results the customers are seeing, is for the IFUS Technology to have unlocked the Lignin.
BTW, I am a Lignin expert... 43 years....
The University folks are third party, and will be running their own studies, and quantify things like the exact GHG emissions reductions under various conditions, and measure the % drop in Lignin concentration... from Bagasse before conversion to SGP+ and after, into the monomer parts of lignin polymer and other more digestible compounds the cattle can obviously digest based on the existing trial data.
The ancients did not have the lab tech we have today, but they learned how to convert one thing like Milk into cheese 1000s of years ago, and how to make bread using yeast. And they used it for 12,000 or more years... They did not need a university study, and they had none back then. They had their eyes and nose and taste buds and digestive system response to new foods they made and tried
Today's chefs make special custom meals that customers love, and return for again and again, that had no lab work on the finished meal.
Cooking, and fermenting, marbling, curing, preserving, etc changes the food ingredients one starts with, and no lab work was or is need to confirm it is a healthy meal day after day.
Looks pretty obvious to me that "$125,069" of the feed was used in the field trial science studies that led to the 34 page study report and SOP-manual. We get the study results (without spending a Million dollars) and we got use of their cattle and land, and access, they risked their cattle, and they got to see first hand the huge improved SGP+ fed cattle results, and become customers. Some even invested in trapped restricted shares, waiting years for Nasdaq before brokers will even consider taking the shares.
IFUS Monster off the charts news:
https://www.otcmarkets.com/stock/IFUS/news/Impact-Fusion-International-Inc-Announces-the-Commencement-of-a-Research-Project-with-Southern-University-Agricultural-a?id=440294
**Impact Fusion International Inc. Announces the Commencement of a Research Project with Southern University Agricultural and Research Center (SUARC)**Press Release | 05/13/2024
Napoleonville, Louisiana--(Newsfile Corp. - May 13, 2024) - Impact Fusion International Inc. (OTC Pink: IFUS) The Company is **pleased to announce that a research project with the Southern University Agricultural and Research Center (SUARC) has begun. **
**Research representatives from SUARC will collect samples of SGP+™ and sugarcane bagasse from IFUS' Napoleonville, LA Operations on Thursday May 16, 2024. This effort occurred after the SUARC team visited the Napoleonville LA site several weeks ago. **
**They then met with ranchers successfully applying SGP+™ to their herds to hear firsthand of success stories regarding the efficacy of SGP+™ to ranching operations. **
**During the visit on May 10, 2024, the Company was introduced to the Graduate student who was assigned to the project.**
**A Memorandum of Understanding (MOU) has been drafted between IFUS and SUARC. **
**The first wave lab analysis for the Project "Improving Sugar Cane Bagasse Through Various Treatments to Create High-Quality Livestock Feed from Southern University Baton Rouge (SUBR)" will take about 3 months. At that point, a new MOU will be executed based on findings from this initial study.**
**During the visit, the SUBR Team commented on the validation that there was an immediate shift in the exothermic (heat releasing) transition of sugarcane bagasse to an endothermic (heat absorbing or cooling) of SGP+**™.
**The transition was so immediate and so pronounced, that the team has engaged in the next level of testing of SGP+™ as compared to basic sugarcane bagasse.**
As described by the SUARC Lead Scientist, if, in fact, IFUS has discovered how to breakdown the lignin of sugarcane bagasse in SGP+™, this is "The Holy Grail" of energy and nutrition and possibly a hay replacement.
This could further substantiate observations and qualitative analysis being reported by ranchers and dairymen, who consistently report improved herd performance, lower costs, higher revenue generation for sale of cattle, Carbon-footprint and Green House Gas reduction, and more.
This initial round of studies will continue to target the depolymerization of lignin.
Centuries of research have attempted to find a viable application of sugarcane bagasse and other materials high in lignin content. Lignin is considered to be the second most abundant biomass material on the planet.
The implications of further understanding lignin degradation for application of beef and dairy herds are enormous (with implications for commercial application well beyond this significant, yet singular application)…all while reducing the Global Carbon Footprint. Considering the 1.5-Billion cows, bulls, calves, and steers, this could well become one of the most powerful Green-to-Gold Solutions discovered on planet Earth, thus far.
The research is expected to last 3 months and has already commenced. SUARC will publish their findings at the end of the initial study.
"We are excited about the opportunity afforded us by SUARC to conduct the research to potentially validate our grass roots findings as reported to us by our ranchers and farmers," stated Marc Walther, President and CEO.
Back to Work
Our 1-800-775-4130 is always open for questions and you may also reach us at: impactfusionintl@gmail.com.
News is out today. Major news. Huge news. Also it is a global news service, translated to the native languages, showing up world wide over the next 24 hours as people wake up.
https://finance.yahoo.com/news/impact-fusion-international-inc-announces-131500044.html
That is why I call BIXT an ethical Investment in our health, that we the people need to fight for.
Hedge funds are going by by. Adios Amigos, and brokers left holding the bag will be forced to cover them, bankrupting them, and blowing up shorted stock prices like IFUS in an epic rally.
https://www.hedgeweek.com/hedge-funds-are-dead-as-a-doornail-for-uhnwis-says-tiger-21-boss/
Hedge funds are ‘dead as a doornail’ for UHNWIs, says Tiger 21 boss
May 1, 2024
- 9:14 am
Related Topics
Flows, Intel
Hedge fund allocations by ultra high net worth individuals (UHNWIs) have fallen to 2% of their investment portfolios from around 12% over the past 16 years, and the asset class is effectively “dead” as an investment opportunity for the super rich, according to a report by CNBC citing Michael Sonnenfeld, Founder and Chairman of Tiger 21 — a network of UHNWIs and entrepreneurs.
The report quotes Sonnenfeldt: “Hedge funds are dead as a doornail — maintaining a steady position at 2% as members have limited their investment in this sector over the last decades”. He added that investors could get a similar exposure with lower fees by investing in index funds or private equity.
The latter currently accounts for the largest allocation of Tiger 21 members’ portfolios at 29%, while real estate investments (27%) and public equities (19%) are also on the ‘most favoured’ list.
Tiger 21, which has 1,300 members globally – largely first-generation wealth creators who collectively manage over $150bn worth of assets – provides a forum for the exchange of advice on wealth preservation, investments and philanthropy.
Read it again. Naked Shorting Hedge funds are getting nailed.
https://www.hflawreport.com/19866796/first-circuit-upholds-sec-injunction-against-short-selling-priest.thtml
They are getting burried by IFUS Long-Knives
And no Bowie-knife can help them.
https://www.hflawreport.com/19594486/hong-kong-sfc-sanctions-licensee-and-cco-for-compliance-failures-associated-with-short-sale-violations.thtml
Obviously the only ones that are nervous is hedge fund backed, shorts and the Bozos they hired, that have are worthless, and useless. No one is fooled.
https://www.hflawreport.com/19866796/first-circuit-upholds-sec-injunction-against-short-selling-priest.thtml
The SEC cometh, and hedge funds are freaking out. They are so freaked out that Chitdel-&-Hedge-Hog-Scams-n-No-Friends-Crooks have made the ultimate mistake
and sued the SEC, to try hide their crimes. Discover process is already a B*tch for them:
https://www.hflawreport.com/19866796/first-circuit-upholds-sec-injunction-against-short-selling-priest.thtml
Shorts must cover daily, 3 times more often May 28th.
The greatest trick the devil ever pulled, was to convince humans he did not exist:
https://www.hflawreport.com/19594486/hong-kong-sfc-sanctions-licensee-and-cco-for-compliance-failures-associated-with-short-sale-violations.thtml
Opens your eyes bonzo, https://www.hflawreport.com/20534216/sec-charges-recidivist-adviser-in-abusive-short-selling-scheme.thtml
sec-charges-recidivist-adviser-in-abusive-short-selling-scheme.thtml
https://www.hflawreport.com/19866796/first-circuit-upholds-sec-injunction-against-short-selling-priest.thtml
Short sellers often issue reports critical of the companies in which they hold short positions. When those reports contain falsehoods about those companies, the SEC is likely to take notice.
In 2014, Gregory Lemelson – also known as Father Emmanuel Lemelson – and Lemelson Capital Management, LLC (LCM) caused the hedge fund they managed to take short positions in Ligand Pharmaceuticals, Inc. (Ligand) and then allegedly made multiple false statements about Ligand in an effort to drive down its share price.
Ligand alerted the SEC, which commenced a civil enforcement action against Lemelson and LCM.
In what is likely to be the final chapter of the saga, the U.S. Court of Appeals for the First Circuit has upheld a jury verdict finding the defendants liable under Rule 10b-5 under the Securities Exchange Act of 1934 and the trial court’s imposition of a five-year injunction against future violations.
This article details the SEC’s allegations, the relevant aspects of the litigation and the First Circuit’s decision. For another SEC action involving alleged short-sale violations, see “SEC Alleges Short Selling Violations by Firm Whose Compliance Staff Misinterpreted Rule 105
SEC Charges Recidivist Adviser in Abusive Short Selling Scheme
Vincent Pitaro
Hedge Fund Law Report
SEC rules applicable to short selling are intended to prevent abusive trading practices. The SEC commenced a civil enforcement action against a hedge fund adviser and its principal for engaging in naked short sales, mismarking trades and making other misrepresentations to executing broker-dealers in a fraudulent scheme to profit from trading in the securities of at least ten issuers. This marks the second time the SEC has charged this adviser with improper short sale practices. This article details the SEC’s allegations. See “First Circuit Upholds SEC Injunction Against Short-Selling Priest
SEC says you basher's claims are 100% BS.