Friday, June 03, 2022 6:12:57 PM
I suspect they believe the ex-employee has identified weaknesses and fraud. Never known this kind of short position to be generated without a significant amount of research supporting it. At least now we know their thinking.
Lebby can put this to rest - and he should. Just call out the three or four major theses and say “used to be true but resolved “, “false - blatantly untrue” or “true but we are working on a solution “. Doesn’t need to be more.
Or buy another 10,000 shares.
The theses come from someone working with them at a high level less than a year ago. To my mind, that can’t be ignored. Michael should definitely put it to rest. I may be in the minority here, but if he’s unwilling to do that, that would worry me.
~yanqui
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