ValueWalk held its second Contrarian Investors Virtual Conference, and Grizzly Research Founder Siegfried Eggert is pitching Hebron Technology Co Ltd (NASDAQ:HEBT) as a short. He believes Hebron is an “insider enrichment scheme without economic basis.”
In his presentation, Eggert noted that Hebron Technology’s stock has skyrocketed following recent private placements and acquisitions. He believes the company is running an insider enrichment scheme. He also said all of last year’s major transactions were “announced and portrayed as arms-length,” but the Grizzly Research team was able to link all of them back to company insiders.
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