According to Hindenburg Research: HKD and AMTD are now spiking in what is surely a mega squeeze,
The company is ~88.7% owned by AMTD, a sketchy Hong Kong-based underwriter we at Hindenburg Research have written about previously.
Every IPO we could find that was underwritten by $AMTD has collapsed. Its new issues have regularly been accused of serious fraud. In several instances, IPO proceeds were routed back to AMTD through suspicious bond deals.
AMTD has been repeatedly accused of serious fraud domestically in Hong Kong. As is all-too-common, the firm has found a welcome home in the U.S. where it continues to list absolute trash on our "premier" exchanges.
HKD and AMTD are now spiking in what is surely a mega squeeze. We have no position in either and have just been watching the madness from the sidelines.
However, we find it deeply troubling that serial facilitators of fraud can disrupt our markets completely unabated.
Hindenburg Research says that AMTD Digital, Inc. (HKD) is 88.7% owned by AMTD, a Hongkong based underwriter that has history of Fraud, Self-Dealing and IPO Flops.
HKD is up 10,000% since it's IPO on July 15 and Hindenburg says that this is surely a mega squeeze.
Do you agree?
Submitted August 02, 2022 at 10:04PM by predictany007
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