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(Guardian)   Short seller Hindenburg Research manages to blow up $9.4B of Adani's value in 2 days, made out like bandits   (theguardian.com) divider line
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    More: Followup, Greenhouse gas, Australia, Adani Group, India, Research, Indian conglomerate Adani Group, Investment, Security (finance)  
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1263 clicks; posted to Business » on 27 Jan 2023 at 3:25 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



14 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
valkore
2023-01-27 3:31:31 PM  
Gautam over a barrel it seems.
 
Muta
2023-01-27 3:31:35 PM  
Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.
 
Muta
2023-01-27 3:33:10 PM  

Muta: Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.


Sorry about lack of subject verb agreement.  This is probably the first time it has happened on the internet.
 
trialpha
2023-01-27 3:51:05 PM  

Muta: Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.


Short sellers don't need to bother. All they need to do is say something that's plausible enough that it could be true. That'll be enough for  traders to head for the hills and the short sellers to make their money.
 
severedtoe
2023-01-27 3:52:33 PM  
So one company is accusing another of being the Indian equivalent of Enron?  Is that what is happening?
 
iamskibibitz
2023-01-27 4:11:10 PM  

severedtoe: So one company is accusing another of being the Indian equivalent of Enron?  Is that what is happening?


It's like a Bollywood version of Enron.
 
Dr Jack Badofsky
2023-01-27 4:22:45 PM  
Why would you name your company after that?
 
Catsaregreen
2023-01-27 4:45:33 PM  

Dr Jack Badofsky: Why would you name your company after that?


FTFA: Founded by Nate Anderson, Hindenburg is a US activist fund named after the 1937 airship disaster that looks for stocks that could crash.
 
Axeofjudgement
2023-01-27 5:32:54 PM  

Catsaregreen: Dr Jack Badofsky: Why would you name your company after that?

FTFA: Founded by Nate Anderson, Hindenburg is a US activist fund named after the 1937 airship disaster that looks for stocks that could crash.


ia thought that was pretty funny and appropriate. Sometimes there's truth to a name
 
baron von doodle [OhFark]
2023-01-27 5:34:49 PM  

iamskibibitz: severedtoe: So one company is accusing another of being the Indian equivalent of Enron?  Is that what is happening?

It's like a Bollywood version of Enron.


Omfg. Your link is like a PowerPoint decided to write a novel.
 
dyhchong
2023-01-27 6:18:52 PM  

Muta: Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.


Not true. They only have to do that if it goes to court.

So the question is, will Adani take them to court? If Hindenburg is to be believed, they won't because it will then expose all of their dodgy dealings.

It's up to Adani now, whether Hindenburg has to prove their allegations. Adani better hope they're 100% legit and above board.
 
Priapetic [BareFark]
2023-01-27 6:20:33 PM  

dyhchong: Muta: Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.

Not true. They only have to do that if it goes to court.

So the question is, will Adani take them to court? If Hindenburg is to be believed, they won't because it will then expose all of their dodgy dealings.

It's up to Adani now, whether Hindenburg has to prove their allegations. Adani better hope they're 100% legit and above board.


They're not. Few companies are these days.

/sad but true
 
thornhill
2023-01-27 7:59:32 PM  

Muta: Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.


I believe they're issuing a report next week.
 
I hereby demand that I be given a Fark account [TotalFark] [OhFark]
2023-01-27 8:32:55 PM  

Muta: Hindenburg Research is the ones making the accusation.  They are the ones who have to present the proof that their accusation is true.


Nope. This isn't a formal debate or court of law.

As long as they're not relying on non-public information from the company, they can say what they want and they haven't violated trading laws. They are liable for slander, so if they're sued it would be easy to prove harm.

Except, of course, that truth is an absolute defense against libel and slander in the US and discovery is a biatch.
 
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