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Evidence that Adani Group has engaged in stock manipulation and accounting fraud

hindenburgresearch.com

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Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#81

Post by AbrahamParangi »

lmm wrote: post #31
frozenport wrote: post #11

Earlier quoted context omitted.

idk, should I also take one?

Given that we're reading this, it's probably priced in by now. But in principle the answer would be yes, but only with money you can afford to lose; any investment on a single-name stock is risky, and shorting is even more so.

In my experience narratives are as priced in as they are accepted, so in the interim between "you first hear of this" and "everyone believes this" there is opportunity - bearing in mind that the interim between those two things is shorter the more believable the new thing.

But for instance in the case of "there's a new plague and China is locking down" there were several months between first hearing about it and everyone recognizing it.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#82

Post by serverholic »

honkler wrote: post #47
fastball wrote: post #13

Earlier quoted context omitted.

1. You own a company. 2. Your company produces something hugely useful / beneficial for society; in other words, it produces something hugely valuable. 3. Your company is therefore valuable, making you super wealthy. Which part of the above is unethical?

OP said "super wealthy" not wealthy. There is a difference.

Thank you. I purposefully tried to make my comment as easy to agree with as possible but apparently there are a LOT of people in denial because it got downvoted to oblivion and flagged.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#83

Post by JumpCrisscross »

nus07 wrote: post #80

How will it affect India’s economy if the Adani Group crashes? India8is currently one of the fastest growing economies and wondering what effect this may have on the economy.

Minimally, directly. But the hypernationalism has to stop. It’s reminiscent of how Wirecard got as far as it did.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#84

Post by wmf »

ajross wrote: post #34
fnfjfk wrote: post #8

These are the people that broke the “Nikola rolling a truck down a hill” story. https://hindenburgresearch.com/nikola/

That was quite a bit easier to digest, though. Can someone give me a more summarized version? I gave up after the ninth or tenth bullet item. Who's being defrauded and how?

Any shareholder in this fiasco who isn't a member of the family is the proverbial sucker at the table. Also, anyone who's lending money against inflated shares is going to lose everything.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#85

Post by fastball »

honkler wrote: post #47
fastball wrote: post #13

Earlier quoted context omitted.

1. You own a company. 2. Your company produces something hugely useful / beneficial for society; in other words, it produces something hugely valuable. 3. Your company is therefore valuable, making you super wealthy. Which part of the above is unethical?

OP said "super wealthy" not wealthy. There is a difference.

I also said super wealthy.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#86

Post by [deleted] »

wmf wrote: post #23

This is reminiscent of the FTT/SRM debacle: 1. A highly illiquid asset that's mostly owned by the founder 2. Price manipulation to artificially inflate the asset price 3. Mark-to-market accounting to artificially inflate the market cap 4. Using the inflated market cap to justify borrowing billions in liquid assets 5. A downturn in the market and... the money's gone

[deleted]

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#87

Post by iamshs »

HWR_14 wrote: post #65
safog wrote: post #39

He's too big to fail status in India, so it'll be interesting to see how their short position unfolds. They can keep the scam going for much longer than Hindenburg can keep their short I imagine.

I don't understand why any entity is "too big to fail".

Modi used Adani planes during election campaign. Adani and Modi are close since his Gujarat CM days. He truly is too big to fail.

https://timesofindia.indiatimes.com/news/fleet-of-3-aircraft...

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#88

Post by kerpotgh »

HWR_14 wrote: post #65
safog wrote: post #39

He's too big to fail status in India, so it'll be interesting to see how their short position unfolds. They can keep the scam going for much longer than Hindenburg can keep their short I imagine.

I don't understand why any entity is "too big to fail".

[dead]

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#89

Post by ZephyrBlu »

logicallee wrote: post #54
toomuchtodo wrote: post #2

Original title: Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History (too long for HN post title, mea culpa, feel free to change it up dang)

[flagged]

Hindenburg Research is very real.

Re: Evidence that Adani Group has engaged in stock manipulation and accounting fraud

#90

Post by jimbob45 »

stephen_g wrote: post #35

Wow. Adani is super scummy, and from research when they were starting construction on a big mine in Australia we knew they were structuring their tax affairs to not pay any tax here [1], but all this is something else. They have been suing a climate activist here for millions of dollars, and as part of it they had private investigators following him, his wife, and his children , including photographing his children w…

[flagged]
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