Im calling bs. This is a "anyone can submit" format and there's only one complaining about a PIPE hedging tactic that's vastly employed in private funds. It offers no evidence and is contrary to the statement on their site about their long position strategy. It's some upset investor who doesnt like private equity. Cry me a river.
It’s funny I thought we might have had a financing deal with Lincoln Park before the Aspire deal, TRXC used Lincoln Park ....I see they’re in the same company....
For the record, ripoffreport has been involved in fraud and extortion.
"In March 2017, the Italian Data Protection Authority affirmed that Ripoff Report's activities — namely, Ed Magedson's requests for money to edit web pages — are illegal in Italy.[32] The Italian authorities also noticed that Ripoff Report's web servers are occasionally not reachable from Italy in order to evade controls by the authorities themselves.[32] Besides, they noticed that some web pages — which were being investigated by the authorities — were deleted out of the blue by the website owner, despite the claim that Ripoff Report does not remove reports.[32]"
Ripoff Report's legal page claims that "you can't sue Ripoff Report just because we provide a forum for speech"
"Two Australians sued Google over their failure to remove links to defamatory content on Ripoff Report. In February 2011 Dr Janice Duffy filed defamation proceedings in South Australia.[17] In 2015, Duffy prevailed in her defamation case against Google for serving libelous comments, originating from Ripoff Report, and allowing its auto-complete function to assist users in finding the content. As of October 27, 2015, unresolved issues in the case are "...the defences of triviality and time limitation, the application for an extension of time, and causation and quantum of damages." [18][19] In February 2013, Jarrod Sierocki filed defamation proceedings in Queensland.[20] Sierocki won $287,788.00 in damages and interest against a former partner and client who were forced to admit that they had defamed SIerocki on Ripoff Report's un-redactable forum. A related case against Google appears to be working its way through the Australian courts"
"Ripoff Report's publisher, Xcentric Ventures, LLC, unsuccessfully sued consumers and their attorneys for malicious prosecution in federal district court in Phoenix, Arizona in 2011"
"Ripoff Report's webmaster affirmed that positive posts about a company are not allowed in the website. Therefore, the court concluded that the website's owner is not a neutral publisher, because, through large fees that companies must pay for the website's advocacy programs, it has an interest in, and encourages, negative content.[28][29]"
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