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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

#71

Post by calderknight »

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 are addressing a seperate claim to the one made. The actual claim is that there are no ethical super-wealthy people, not that such a thing is a logical impossibility.

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

#72

Post by quickthrower2 »

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 need a moat. Often that moat requires some questionable ethics to build.

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

#74

Post by defrost »

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]

To my eye it reads as a dense bullet pointed list of assertions followed by dense unbulleted paragraphs addressing the allegations in terse detail using extracts from several years worth of company reports, quotes from past employees and associates, court findings, criminal investigations, etc.

It's terse, but it does flow through the narrative and lacks anything that screams machine generated (IMHO, of course).

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

#76

Post by lowbloodsugar »

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".

You don’t have to because you don’t matter. Enough people will just nod and accept the explanation for why their tax dollars are being given to billionaires that your voice doesn’t matter.

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

#77

Post by quickthrower2 »

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?

If it is vaporised there is nothing really to return. I presume the contract details what happens then.

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

#79

Post by Zebfross »

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".

I think it's usually that the company's failure would have too large an impact on the economy or other dependent companies, so it will get bailed out by the dependents or the government.
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