Update: $IDEX has failed to address our research findings showing that it altered images in its press releases in order to falsely claim it owns/operates a 1m sq ft electric vehicle sales facility in China
hindenburgresearch.com/ideanomics/
hindenburgresearch.com/ideanomics/
In today's PR, $IDEX walked back its earlier claims, stating now that its "Phase I" operation is only 215,000 sq. ft.
To support this, $IDEX posted drone footage of OUTSIDE the facility that was apparently posted to an unrelated Youtube account 2 wks ago
To support this, $IDEX posted drone footage of OUTSIDE the facility that was apparently posted to an unrelated Youtube account 2 wks ago
We think $IDEX has failed to show video from INSIDE the facility because it makes clear that the company has no presence on site.
Since $IDEX won't do it, we have posted a clip of our visit to the site from this week.
Since $IDEX won't do it, we have posted a clip of our visit to the site from this week.
There were no signs of $IDEX having any presence on site and vendors and managers we spoke with had never heard of them.
We spoke with the only vendor of electric vehicles on site (business card/brochure below) and he had no idea who the company was.
We spoke with the only vendor of electric vehicles on site (business card/brochure below) and he had no idea who the company was.
Finally, we further confirmed our allegations yesterday about Photoshopped images in the company's press releases.
We were able to unearth photographs from 2015 which appear nearly identical to photos used in IDEX's May 2020 "launch" PR about the MEG.
mp.weixin.qq.com/s/RwXO_GhEYC5H…
We were able to unearth photographs from 2015 which appear nearly identical to photos used in IDEX's May 2020 "launch" PR about the MEG.
mp.weixin.qq.com/s/RwXO_GhEYC5H…
We continue to believe, as we stated yesterday, that $IDEX is engaged in flagrant securities fraud and that its stock will wind up in the pennies or halted by regulators.
