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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

#101

Post by voytec »

skizm wrote: post #68

If these companies assets or stocks go to zero or are locked due to fraud or something that makes the actual public stocks untradable, how do you get out of a short position? Borrowing and selling the stock means you can’t get it back to return to the original owner, and buying put options means you can’t sell the stock to the contract holder. Do you have to get out before it gets completely vaporized?

> something that makes the actual public stocks untradable, how do you get out of a short position?

If it's illiquid - you don't.

Jeopardy with market crashes isn't that you'll be forced to sell your stocks low but that there will be no one to sell to and you'll sit on assets devaluing to zero or close.

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

#102

Post by cyral »

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]

How does any of this look machine generated?

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

#103

Post by downvoteme1 »

This is something that is well known to Indian investors that most of Adani companies are vaporware that basically have no revenue and trade for price to sales ratio much higher than other companies.

However this guy and his family members are pretty well connected and would be fine as long as Modi is India’s PM. In fact it is even stated that this guy is basically a kingmaker as his massive inflated fortune funds the political contributions to the ruling BJP party.

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

#104

Post by ZephyrBlu »

skizm wrote: post #68

If these companies assets or stocks go to zero or are locked due to fraud or something that makes the actual public stocks untradable, how do you get out of a short position? Borrowing and selling the stock means you can’t get it back to return to the original owner, and buying put options means you can’t sell the stock to the contract holder. Do you have to get out before it gets completely vaporized?

Since these guys are professional investors I assume they have access to more complex financial instruments they can use for a short position.

Maybe the company being vaporized is always a risk of shorting though, not a finance guy so I have no idea.

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

#106

Post by serverholic »

fastball wrote: post #13
serverholic wrote: post #10

[flagged]

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?

You don't become super wealthy without doing something shady or being a greedy asshole. It's just not possible to beat out the competition and accumulate that much wealth without taking morally questionable shortcuts.

Here's a short list of things that super rich people do:

- screwing someone over

- treating people like robots

- lying/deception

- taking advantage of people in poorer countries

- taking advantage of tax loopholes

- bending the law

- buying off politicians

- bullying people

- etc.

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

#107

Post by metaphor »

skizm wrote: post #68

If these companies assets or stocks go to zero or are locked due to fraud or something that makes the actual public stocks untradable, how do you get out of a short position? Borrowing and selling the stock means you can’t get it back to return to the original owner, and buying put options means you can’t sell the stock to the contract holder. Do you have to get out before it gets completely vaporized?

https://www.investopedia.com/ask/answers/maintain-short-posi...

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

#108

Post by Drblessing »

jimbob45 wrote: post #90
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]

Are you inciting violence?

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

#109

Post by [deleted] »

suprgeek wrote: post #97

A few items that did not make it into the list: 1) Adani is very close to the current ruling party and the PM - deploying his extensive business network and assets (in various forms) to help get the PM elected (2014) and then re-elected. A bit of googling will reveal the vast scale of politico-corporate nexus between these two - extending all the way back to when they were chums in Gujarat - the Indian state of the P…

[deleted]

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

#110

Post by [deleted] »

downvoteme1 wrote: post #103

This is something that is well known to Indian investors that most of Adani companies are vaporware that basically have no revenue and trade for price to sales ratio much higher than other companies. However this guy and his family members are pretty well connected and would be fine as long as Modi is India’s PM. In fact it is even stated that this guy is basically a kingmaker as his massive inflated fortune funds th…

[deleted]
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