LoopIndustries
Hindenberg Research’s short report on Loop Industries Inc (NASDAQ:LOOP). Q3 2020 hedge fund letters, conferences and more Two months ago we questioned Loop Industries Inc’s “revolutionary” process for recycling PET plastic that it claimed was “disrupting” the industry. Yesterday, Loop published an “independent review” that seems to indirectly confirm that its technology isn’t effective or economical.Loop claimed in its Q2 2020 SEC report that its new recycling process has “consistently high monomer yields, excellent purity, and improved conversion costs.”But Loop’s “independent review” of its ...
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A French court ruled against a request by activist shareholders Amber Capital and Vivendi, which own about 46% of Lagardere’s shares, to hold a special meeting at the company. The duo teamed up to seek a board and management overhaul at the media conglomerate, disgruntled about how the business is being run by Arnaud Lagardere.Q3 2020 hedge fund letters, conferences and moreLagardere's Opposition To The Special Meeting RequestThe investors sought four board seats, including one for Amber’s founder Joseph Oughourlian, and targeted Chairman Patrick Valroff and another two directors for removal. ...
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Whitney Tilson’s email to investors discussing that the SEC is investigating Loop Industries; Friendly wager on the presidential election for charity.Q3 2020 hedge fund letters, conferences and moreSEC Investigating Loop Industries3) In Wednesday's e-mail, I wrote:Nate Anderson of Hindenburg Research – who wrote the report that exposed the electric-truck developer's deception – released another short report yesterday on plastics recycler Loop Industries (LOOP), which crashed the stock by 33%. Here's a link to it: Loop Industries: Former Employees and Plastics Experts Blow the Whistle on This "...
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Whitney Tilson’s email to investors discussing one of the year’s worst short bets, GSX Techedu Inc (NYSE:GSX), defies scathing reports and an SEC investigation; Nikola Corporation (NASDAQ:NKLA) races to convince investors of value before share lock-up ends; Loop Industries Inc (NASDAQ:LOOP): ‘Recycled’ smoke and mirrors show.Q3 2020 hedge fund letters, conferences and moreGSX Techedu Defies Scathing Reports And An SEC Investigation1) On Monday, the Wall Street Journal published an article about the tug-of-war between short-sellers and Chinese online education provider, GSX Techedu (GSX): One o...
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Hinderburg Research is short Loop Industries Inc (NASDAQ:LOOP).Q3 2020 hedge fund letters, conferences and moreLoop Industries (LOOP)Loop Industries has never generated revenue, yet calls itself a technology innovator with a “proven” solution that is “leading the sustainable plastic revolution”. Our research indicates that Loop is smoke and mirrors with no viable technology.As part of our investigation, we interviewed former employees, competitors, industry experts, and company partners. We also reviewed extensive company documentation and litigation records.Former employees revealed that Loop...
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