"2018 (December): We wrote an article about Yangtze River Port & Logistics (NASDAQ:YRIV), a $2 billion market cap China-based logistics company. Our investigation found that the company’s key asset didn’t appear to exist, among other major anomalies. The company sued us, alleging defamation, so we redoubled our efforts with numerous additional findings. Multiple independent media outlets and a law firm corroborated our reporting (1, 2, 3). The company was delisted from NASDAQ 6 months later, lost over 98% of its market cap, and now has a “caveat emptor” warning on its OTC ticker. The lawsuit against us was subsequently dismissed."
Who is "Nathan Anderson, CFA, CAIA" Founder at Hindenburg Research? New York, New York 500+ connection
"Hindenburg Research specializes in forensic financial research. Our experience in the investment management industry spans over a decade, with a historical focus on equity, credit, and derivatives analysis.
While we use fundamental analysis to aid our investment decision-making, we believe the most impactful research results from uncovering hard-to-find information from atypical sources. In particular we often look for situations where companies may have any combination of:
- Accounting irregularities - Bad actors in management or key service provider roles - Undisclosed related-party transactions - Illegal/unethical business or financial reporting practices - Undisclosed regulatory, product, or financial issues Send tips to info (at) hindenburgresearch.com "
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