Preface to all three parts: you know the drill! I’m short all of these positions, and I’ve broken them up into bite-sized posts for your examination.
Fifteen Two
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Quintessential Capital
Quintessential’s most recent target is Akazoo. The firm released its short thesis on the Luxembourg-based company in April. Akazoo was listed on the NASDAQ but then delisted in May following Quintessential’s campaign.
In Grego’s short thesis for Akazoo, he described it as “a castle of cards” and “a scheme conceived by management to enrich themselves at the expense of shareholders.” The company marketed itself as a successful multinational music streaming company that could rival Pandora and Tidal in terms of size, revenue and profits.
However, Grego argued that Akazoo was “just a tiny, loss-making company based in Greece with negligible user base and sales.” He believed that the company’s accounts may have been hiding serious irregularities or worse.
(more…)Fifteen One
Preface to all three parts: you know the drill! I’m short all of these positions, and I’ve broken them up into bite-sized posts for your examination.
Didn’t Feel a THING
Accelerating Toward Dollar Crisis
As US economy is heading toward its disastrous 2nd quarter results, the Trump administration is considering the expansion of the trade war to finance, which could destabilize the US dollar and derail the post-pandemic global economy.
After its failure in the COVID-19 containment and the expected -53 percent plunge of real GDP growth in the 2nd quarter, President Trump’s re-election campaign is in serious trouble. To deflect the blame, his administration has launched a series of provocative measures against China thereby fueling elevated bilateral tensions.
Worse, the White House is reportedly considering moving from a bilateral trade war to an effort to exclude China from the dollar-denominated international payment network. In Beijing, that would be seen as weaponization of US dollar.
(more…)