News Focus
News Focus
Followers 1056
Posts 122776
Boards Moderated 5
Alias Born 06/10/2006

Re: ChadClemson1 post# 99444

Saturday, 08/07/2021 8:04:18 PM

Saturday, August 07, 2021 8:04:18 PM

Post# of 161466
HUMBLE is not even SEC reporting so Nasdaq is more than comical.

Plus the SEC and the DOJ has been using Hindenburg information to charge companies.

Is HMBL really clean?


On Thursday, Hindenburg published a scathing report that called Clover Health a “broken business,” sending the insurance firm’s shares down more than 12%, their biggest daily percentage drop in four months. Shares of Clover rose more than 3.5% in premarket trading Friday after the company published its response. Hindenburg, which has a history of publishing short-selling research, said Thursday it does not hold a position in Clover.

Hindenburg also said Clover was under investigation from the Department of Justice and that the investigation was not disclosed to investors. In its response to the Hindenburg report, Clover said it has received inquiries from the DOJ but did not believe the inquiries were material to its investors. The company characterized the DOJ inquiries as standard practice since Clover works with the Medicare system.


https://www.cnbc.com/2021/02/05/chamath-palihapitiya-backed-clover-health-gets-notice-of-sec-investigation.html


The allegations came last Friday from short-selling firm Hindenburg Research, which disclosed along with the report that it had taken a short position in Lordstown Motors. The firm previously released a report about hydrogen trucking startup Nikola that similarly led to probes from the SEC and the Department of Justice. (General Motors was also planning to take a stake in Nikola before that report.)

https://www.theverge.com/2021/3/17/22336751/lordstown-motors-sec-inquiry-review-hindenburg-investigation-orders

It is understood that all posts on the site are to be considered opinions. They do not need to indicate this in their posts.

Readers determine the veracity of the posts they read and the credibility of other Users


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent RWAX News