Friday, January 29, 2021 10:23:09 AM
The large hedge funds can really harm these smaller startups and struggling companies via excessive short selling.
Good example: Kerrisdale Capital did two things to NAK back in Feb 2017:
1. Released a very debatable negative opinion on NAK
2. Prior, established a major short position in the shares of NAK.
The principle at Kerrisdale (imo, somewhat questionable individual), made a Ton of $$. (Capitol "T" on Ton.)
A prime example of how short sellers harm small (retail) investors (like many of us...).
And there's not too much the victims of the hedge funds could do. NAK tried to fight:
https://www.northerndynastyminerals.com/news/news-releases/2017/northern-dynasty-refutes-short-seller-claims/
But this was pretty much water over the dam. Harm was done to NAK and all NAK longs (us). Kerrisdale had the $$ in the bank. (Indirectly, our money.)
So, personally, I say to WSB: "GO GET 'EM!"
This should begin to go away as the shorts (hedge funds) are driven back, or better yet out of business.
Recent NAK News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/19/2024 10:57:25 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2024 05:35:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 07:33:48 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:26:58 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/29/2023 08:52:47 PM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM