Born Inc. (BRRN)

[horst]

Incredible find! FiveT holds 15 to 25 long and short positions at any one time. Just the one we've located was good for what turned out specifically to be $4.128M in cash:

"FiveT Capital is an active manager which combines a fundamental, bottom-up, blended value (close to GARP) approach with a strong trading overlay. Through their FiveMore directional long/short equity hedge fund, they follow a specialized niche strategy, investing in European securities with a specific focus on German small- and mid-caps. They target companies valued between EUR 5 million and EUR 5 billion, and hold 15 to 25 long and short positions at any one time.The firm employs a stock-picking approach through order flow analysis and bottom-up research. They utilize a proprietary 'filter technique' to identify opportunities, first taking sector views and discussing the market environment, then looking for stocks in specific industries, keeping an eye out for cash yields on the long side and weak fundamentals or volatile revenues on the short side.FiveT Capital conducts extensive research including traditional and field research, talking to management and market participants and company visits. Once they research securities, they rank them and rescore them on a regular basis to track the companies' development.

And here's a summary page of what happened with the PLUG shares. Too bad they didn't hold, as they'd be worth 3x as much now, but still great to have confirmation of the kind of money we're talking about here. https://fintel.io/n/us/plug/fivet-capital-holdings?utm_source=Twitter&utm_medium=Social&utm_campaign=insider