For years ive been speculating that there was an activist investor behind the scenes with Sintx and Anson Fund could be just that for which Sonny has been trying to protect Sintx from. Its a fund that's participated in offerings with a investment manager thats been tied to Sintx offerings since 2015; Mr. Moez Kassam, co-founder of Anson but investing via M5V in the 2015 offering (linked below). If Anson and Kassam were behind any campaigns to short and distort Sintx, then all those bashing Sintx on stock forums, are helping (knowingly or not) such a short and distort scheme. There have been claims, particularly on ST, Sonny was in bed with Kassam/Anson. Maybe they meant Sunny Puri one of Ansons analysts? Naturally there has been no disclosed evidence to substantiate such statements of Kassam/Anson & Sintx CEO, just baseless claims. Here is an article on an alleged campaign orchestrated by Anson Fund. Its interesting that those bashing Sintx invoke Anson Fund to in such a manner to scare people away from SINT.
Catalyst Capital Group Inc. has launched a lawsuit against Anson Group Canada, a privately held asset manager with operations in Canada and Texas, and Toronto-based private equity firm West Face Capital Inc., accusing them of participating in a “manipulative ‘short and distort’ campaign.”
The alleged target was publicly traded Catalyst subsidiary Callidus Capital Corp., claims the lawsuit, which dubs the Anson, West Face and several associated and unrelated individuals as “Wolfpack Conspirators.”
The lawsuit, filed Tuesday in Ontario’s Superior Court of Justice, claims the group targeted Callidus with a short-selling strategy that involved coordinating with and providing financial support to a group of borrowers who had defaulted on loans to Callidus, and were fighting to prevent Callidus from collecting.
It also alleges use and attempted use of the news media to further their short-selling campaign, improper use of a new regulatory whistle-blowing program, and coordinated buying and selling of shares.
Among others, the lawsuit also names Anson principals Moez Kassam and Adam Spears and analyst Sunny Puri,
Recently Anson Fund got a tiny slap on the wrist from the SEC for its short selling schemes which seems to include some blue-chip names. Course if funds like Anson can pay a couple bucks (millions) in fines, while making hundreds (millions), this will not discourage the behavior. Im curious if the small fine was because the SEC couldnt find anything substantial or because its protecting some blue-chip names? A minor infraction is a way to save face and protect any blue-chips connected to Anson's schemes.
The minor nature of the infraction and the small size of the settlement was far from the grand hype that surrounded the investigation, which was said to involve dozens of short sellers, and numerous companies, including some blue-chip names. One fund manager called the SEC settlement with Anson “a consolation prize for some ticky tack bullshit.”
I previously said that i thought that Sonny did shareholder rights offerings in part to block/defend against attempts by hidden activist investors to go after board seats which apparently Anson Fund is stepping up action to accomplish. Shareholder rights offerings have come shortly before two annual meetings to vote on board seats. Its possible that Anson is one such fund as it plans, beginning in 2023 (likely has been going on since before then) to work behind the scenes of target companies as an activist investor.
Anson Funds hires Legion Partners' Gupta to build out activism strategy
"Anson has a long history of driving differentiated and uncorrelated returns - activism is a natural extension for us," Anson's founder and chief investment officer Moez Kassam told Reuters. The firm plans to work behind the scenes with target companies but is ready to launch public campaigns, including pushing for board seats for Gupta and others, the company said.
Mr. Adam Spears, a director of M5V, and Mr. Moez Kassam, a director of M5V
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