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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

#221

Post by snapcaster »

bboygravity wrote: post #157
xwolfi wrote: post #30

I was scrolling down the list of claims and then reached "Introduction" lol I love short sellers, Citron did a little sting in my city, Hong Kong, trying to short Evergrande with an A to Z demonstration of how it was ponzinomics, to end up being sued by our regulator for stock manipulation and being condemned years later finally to not trade in HK for years. A little while later, Evergrande's Ponzi finally collapsed.…

Citron also claimed that a certain stock (that was shorted at more than 100 percent of outstanding shares in 2021 at the time of their claim) would be "back to 20 USD fast, we will explain soon". They never explained and the stock never went back down to 20. Citron is definitely part of the scamming. The fact that a scammer (Citron) scammed another scammer (Evergrande) doesn't make them good guys.

Are you talking about gamestop? it's continually drifting downwards, but even if we ignore that how does making a wrong call make them scammers? TBF to them the company is absolute shit and only being propped up by dumb money turning into a cult. Really hard to blame them for not predicting that

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

#222

Post by howinteresting »

fastball wrote: post #216
howinteresting wrote: post #215

Earlier quoted context omitted.

Of course I'm referring to USD billionaires. Yes, in general I think people shouldn't have more wealth than is needed to live a comfortable life, for some reasonable definition of comfortable. I'm not a communist -- I don't want everyone to have exactly the same level of wealth or anything like that. I think it's great that people are rewarded for pro-social activities (though capitalism has a very narrow definition…

I think the fundamental issue with your philosophy is that by focusing on people that "have too much" instead of primarily worrying about people having too little, you will end up in a situation where you actually have a harder time solving the latter because people don't bother to strive for the former.

Your viewpoint is a pretty standard neoliberal one. Personally I consider the existence of such massive inequality to in and of itself be a problem, separate from but related to the problem of poverty.

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

#223

Post by fastball »

howinteresting wrote: post #222
fastball wrote: post #216

Earlier quoted context omitted.

I think the fundamental issue with your philosophy is that by focusing on people that "have too much" instead of primarily worrying about people having too little, you will end up in a situation where you actually have a harder time solving the latter because people don't bother to strive for the former.

Your viewpoint is a pretty standard neoliberal one. Personally I consider the existence of such massive inequality to in and of itself be a problem, separate from but related to the problem of poverty.

Which I must admit (to me) is a patently absurd viewpoint, and probably the entire source of our disagreement.

It is a moral issue when someone has great excess that could be redistributed to people who are not yet at the "comfortable life" standard (whatever has been agreed upon). However, if everyone is already at the comfortable life standard, what could possibly be your justification for saying that one guy having more than another is still immoral?

Earlier you said "I don't want everyone to have exactly the same level of wealth or anything like that", but honestly it sounds like you do. If your moral basis isn't "we need to fix poverty" but rather "delta bad", then your ideal must be for everyone to have the same, anything else is internally inconsistent.

And I will point out that despite the other half of your protestation ("I'm not a communist"), this is an unfortunate trait you share with most communist regimes of history – more interested in the "eat the rich" part than the "feed the poor" part.

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

#224

Post by vishnugupta »

safog wrote: post #219
vishnugupta wrote: post #96

Earlier quoted context omitted.

My understanding is that if an entity going down results in a widespread wealth destruction in the entire domain then it's deemed to be too-big-to-fail. It would in turn lead to social unrest threatening the stability of government. Like a huge lender going bust would lead to credit shrinkage leading to millions of small/medium businesses going bust.

Yup you're right. It's more like Adani's lenders might threaten social stability if Adani becomes insolvent. But I'm pretty sure the govt will give SBI a cash injection and have them loan that amount to Adani in the event that things actually get bad.

> But I'm pretty sure the govt will give SBI a cash injection and have them loan that amount to Adani in the event that things actually get bad.

It's exactly (in content) what I wrote to my friends while we were discussing this in WhatsApp.

"If push comes to shove RBI could well bail out Adani through some complicated deal....they'll bail out LIC and SBI for sure...through those entities I meant not directly"

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

#225

Post by sanghi_mama »

JumpCrisscross wrote: post #83
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.

[dead]

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

#228

Post by [deleted] »

fakedang wrote: post #185
trustingtrust wrote: post #111

The Ambanis are actually not very different from the Adanis, just better at hiding. Hindenburg might have take a short position based on numbers but its likely that as long as the current government stays in power its unlikely these two giants (whether they are really giants or no) will change as governments play a big role in such things. Like someone pointed out, it's more likely that their cons will outlast Hinden…

Mukesh Ambani changed the face of Indian telecom with Jio and its novel pricing model. Not to mention, Reliance has tons of businesses with actual real value, real history and real employees. Mukesh Ambani plays along with both the parties. Gautam Adani is a Gujarati impex trader who won the lottery when his pony won the parliamentary race. I would argue both families are extremely different, even if they seem cultur…

[deleted]

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

#229

Post by jp0d »

They also threatened an environmental activist from Queensland, Australia by sending private investigators to stalk him and his nine year old daughter. They're beyond corrupt and are a criminal organisation.

https://www.theguardian.com/australia-news/2022/nov/29/still...

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

#230

Post by lmm »

thefreeman wrote: post #220
lmm wrote: post #186

Earlier quoted context omitted.

You're still stuck paying borrow fees and posting collateral, potentially forever.

This is just wrong. If the stock is delisted you no longer are "borrowing" anything. There is nothing to borrow.

An unlisted stock is still a stock, you still have to have a borrow for it until the company is fully wound up (which could be years after being delisted).
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