As I said, people will just have to decide for themselves if the presentation and report is legit or not. Personally, I was impressed by the detail of their work but that is just my opinion and folks will have to decide individually if they believe it or not.
I have no idea how Hindenburg & QCM got wind that Aphria might be a shell of a cannabis company. For all I know they look into many companies and most of them never pan out for shorting opportunities so we never hear about them. But I do respect the lengths they went to in order to investigate and gather info. As far as I'm concerned they did their DD above and beyond the call of duty and what they found out caused them to short the living crap outta Aphria before they announced their findings to the world. Anybody here woulda done exactly the same thing. It's no different than a person doing his homework and determining that a company is a great investment and going long before most everybody else finds out about it.
When I was younger I used to despise people who shorted stocks...it just seemed unethical to me that people would sell shares they didn't even own. Now that I am older (but not much wiser) I realize that shorts are just part of the game and in this case they may have done the investment community a service by exposing fraud when analysts who were screaming "BUY!" weren't doing squat.
IF the report is true, that is. Obviously I believe that it is but I could be wrong.
News 
Market Data 
Discover 
