Freedom Holding Corp (FRHC)

[Quintessence]

Here are Timur's comments (translated) from Instagram:

Friends, today is a big day for us, probably no less important than October last year, when we got a NASDAQ listing.

Today we received the consent of FINRA (this is the American regulator overseeing the entire domestic financial market) for the purchase of Prime Executions brokerage company, NYSE floor broker, member of NASDAQ, FINRA and SIPC (insures clients' assets). This is a ticket to the US domestic market, a ticket that is extremely difficult to obtain and boast of which few people from our region can boast of (and none from Kazakhstan, for example). This is a manifestation of trust on the part of the regulator. More than 600 million shares a month pass through the firm now, our clients will bring almost 300 million more (the total market volume in the USA is 40 billion shares a month).

Our FRHC stock was recently listed on the MSCI U.S. Small Cap 1750 and MSCI U.S. Investable Market 2500. This is a very important and cool family of indexes and we are honored that a company from our region is now included in them!

The market has shown incredible dynamics this year, but has brought us not only pleasant moments. Unfortunately, we were faced with a fairly large-scale stuffing by one extremely scandalous journalist from the United States, who, as if it was Reuters, was blown up by a bunch of anonymous kaznet tg-channels (and even fired in Russia). Italic did an excellent investigation of Who is mr. Boyd, whose entire investigation, published on a strange resource in the United States, is value judgments of the facts revealed by ourselves!

https://kursiv.kz/news/kompanii/2020-12/amerikanskie-shortisty-obratili-vnimanie-na-akcii-freedom-finance

The team and I discussed for a very long time that it is simply indecent for us to react to this publicly. There would be a respectable media outlet, or at least some facts that would be new and require an answer!
The American information environment is harsh, but the Kazakh one is even harsher, at times ??.

I am very glad that this attack did not harm us in the states - there is no surprise for the regulator, and the volume of trading in our securities on NASDAQ simply increased even more. After two days of trying to short us, the stock bounced more than 10% and returned to its previous level, at a trading volume of $ 100 million a day! That's a lot, and it's institutional recognition!