Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD
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@scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Short sellers typically don't own the stock they are selling.
In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned (usually borrowed), and subsequently repurchasing them ("covering"). In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase.
Yes, but you can't remove that part of the market. All investing is investing "against" something. You can't isolate certain types and limit it. Forcing people to only invest in growth and never in shrinkage is a huge problem.
I took out options against Nutanix after IPO because I thought they were overvalued. I made money. Inversely someone thought it was going up and took the opposite position. What exactly is unethical about what I did? It was a business contract between me and the other party in the option.
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Ahhhh He's claiming Channel Stuffing"
Ubiquiti's financials don't reconcile with its distributors
Anyone who's done corporate ethics training at a vendor will recognize what he's making allegations of (to be fair, EMC did this with VCE by shipping VMAX's across the street at end of quarter to recognize the revenue before they made it to a real customer as VCE was a customer of EMC).
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@irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
Damn... she's hot. Is she available?
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@rojoloco best have your wallet ready
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@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
Shiiiii-yuhhhhhhh..... I'll use my +10 "charming-ass mafacka" power on her... set <talk> to <smooth>....
watch this.....
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@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
...play her a little Lovage....
.... and it's oooonnnnnnnn.......
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@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
Our roads are flooded, no traffic lights are working, gas and water are not available, but I damn sure want to focus on looking at a new security vendor.
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@rojoloco said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
Shiiiii-yuhhhhhhh..... I'll use my +10 "charming-ass mafacka" power on her... set <talk> to <smooth>....
watch this.....
walks away with 10,000 licenses to some software he doesn't need...
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@irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
Shiiiii-yuhhhhhhh..... I'll use my +10 "charming-ass mafacka" power on her... set <talk> to <smooth>....
watch this.....
walks away with 10,000 licenses to some software he doesn't need...
...You guys want the link to the Tumblr page where Amy Sweet got nekkid?
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@irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
Our roads are flooded, no traffic lights are working, gas and water are not available, but I damn sure want to focus on looking at a new security vendor.
I mean... she gave you the picture not much effort at that point.
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@irj Oh I got one of these too I get emails from.
Yeah they are the only ones with a profile picture like that
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@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@irj Oh I got one of these too I get emails from.
Yeah they are the only ones with a profile picture like that
Man she looks like she's being held hostage with that picture.
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@coliver yeah she changed it recently. Previous one was better though it was in a mirror so you could see her phone and her taking a selfie lol
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@coliver said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@irj Oh I got one of these too I get emails from.
Yeah they are the only ones with a profile picture like that
Man she looks like she's being held hostage with that picture.
She really does look like somebody is holding a gun off screen...
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@coliver said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:
@rojoloco best have your wallet ready
Our roads are flooded, no traffic lights are working, gas and water are not available, but I damn sure want to focus on looking at a new security vendor.
I mean... she gave you the picture not much effort at that point.
huh?
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Is there any additional information on this, or has anything new come to light?
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Seeking Alpha has covered Ubiquiti pretty well since then. They aren't fond of the way the CEO has handled the allegations as well as other areas of the company, but ultimately they, like many others, don't see the ultimate fraud that Citron claims to see.
https://seekingalpha.com/article/4109829-baffling-investor-day-ubiquiti-board-needs-take-action
https://seekingalpha.com/article/4111349-ubiquiti-networks-sound-company-unorthodox-business-model
In other news, Citron apparently has chosen their next victim... Shopify. Has made some pretty bold claims against them as the new Herbalife (If you haven't seen the documentary about Herbalife "Betting on Zero" you should). It seems to me like Citron is really trying to capitalize on their 15 secs of fame.
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There are still concerns and questions about the CEO and his commitment and focus, especially as he reportedly is looking to take a majority stake in an NBA team soon. From an investor standpoint, disregarding Citron's fraud accusations, it's a concern, however doesn't ultimately affect the products.
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I found the seekingalpha website, but I've never heard of them before looking into this topic today. It does seem that the CEO is a bit off of his rocker / not ideally suited for the role in which he is in.
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Never heard of Seeking Alpha? They're pretty popular in the finance/investing world. It's just a good place to do/get analysis on different companies. They're definitely reputable.
