The corporate is ~88.7% owned by AMTD, a sketchy Hong Kong-based underwriter we at Hindenburg Analysis have written about beforehand.
Each IPO we may discover that was underwritten by $AMTD has collapsed. Its new points have repeatedly been accused of significant fraud. In a number of cases, IPO proceeds have been routed again to AMTD via suspicious bond offers.
AMTD has been repeatedly accused of significant fraud domestically in Hong Kong. As is all-too-common, the agency has discovered a welcome residence within the U.S. the place it continues to listing absolute trash on our “premier” exchanges.
HKD and AMTD at the moment are spiking in what is unquestionably a mega squeeze. We have now no place in both and have simply been watching the insanity from the sidelines.
Nevertheless, we discover it deeply troubling that serial facilitators of fraud can disrupt our markets fully unabated.
Supply: https://twitter.com/ClarityToast/status/1554532410238402560
Hindenburg Analysis says that AMTD Digital, Inc. (HKD) is 88.7% owned by AMTD, a Hongkong based mostly underwriter that has historical past of Fraud, Self-Dealing and IPO Flops.
HKD is up 10,000% because it’s IPO on July 15 and Hindenburg says that that is certainly a mega squeeze.
Do you agree?
