Thread by @compound248

Today, Enovix, a science project battery company, posted a long letter trying to stop a reporter from investigating it. The letter culminates by calling me "ringleader" of a short group that coordinates trades.

False.

One might ask, "why is $ENVX so afraid of inspection?"
🧵👇

2/ There really are some $ENVX "ringleaders" on Twitter, but they are insanely bullish. They're also bullies: Marc Cohodes and Greg Reyes. They lie, distort, attack, and malign anyone who questions Enovix.

They claim to have a special relationship with ENVX Chairman, TJ Rodgers.

3/ As we will see, these are odd bedfellows.

Both are cruel, manipulative, and bullying. They constantly allude to having the inside skinny on Enovix while pumping it to their legions of followers.

They coordinate and attack all skeptics and do so in retrogressive ways.

4/ It's worth noting, I've since learned, this is not their first coordinated pump, as they previously pumped now-bankrupt $APPH together and separately famous winners (lol) such as $NKLA and T-Zero.

Note the thread that ties these: story stocks run by big personas.

5/ So I wrote a short thesis on $ENVX earlier this year and posted it on a PRIVATE site: .

Up to that point, I believe I'd tweeted about ENVX a total of once, which was TJ Rodgers excitedly hoping to pay people $2/hr to do his work.
https://t.co/2ZyOoHZLjavalueinvestorsclub.com

https://twitter.com/EnovixBatteries/status/1684165590829637635?s=20

6/ Much later, somebody screenshotted my short thesis on $ENVX and shared it on Twitter. That's the first time I recall coming across someone called "Jocey Reyes" on Twtr.

Jocey was challenging my work; I began to respond. Jocey claimed to know much about batteries and Enovix.

7/ It turned out "Jocey" was actually her husband Greg Reyes, the dishonored former CEO of Brocade, who oversaw a -97% fall in its share price before being ousted & convicted of securities fraud (later pardoned by Trump).

His investors lost $$ from the day of IPO to his ousting.

8/ Greg seems to use Jocey's account because his own accounts had previously been suspended from Twitter.

One can understand why, as he has bullied and threatened me, including recently attempting to dox me and post my private information online.

But he's just misunderstood.

8/ Greg/Jocey's timeline is full of vitriol and hate about trans people and "libs" and misinformation about $ENVX. Why a major would-be battery supplier chooses to align itself with him is beyond me?

Especially a company that needs modern partners like @Apple, @Dell, & @USArmy

9/ At some point, I discovered Greg was attached at the hip to famed short seller, Marc Cohodes, whom I previously knew by reputation.

At some point, Marc maligned my ENVX research, and I responded with this point, which led to him blocking me, to protect himself from questions.

10/ Marc and Greg have tweeted about me dozens of times, nearly always insulting me.

They've shown similar treatment to anyone who's questioned the company, including an ex-employee whom they publicly doxxed for providing technical understanding & opinion via an expert network.

11/ For weeks, Marc alluded to that expert putting his job at risk because "Marc saves receipts" and knows things happening.

Yesterday, the obviously frightened expert posted a hostage tape written apology on LinkedIn, which Marc and Greg have shared as proof he was "lying."

12/ After doxxing him publicly and *spelling* his name out on Twitter Spaces to their legions of followers, Marc and Greg claimed he had been fired. How would they know if he's fired?

They also claimed that he had an NDA. How would they know he had an NDA?

Makes one wonder...

13/ As other skeptics posted research about $ENVX , questioning its ability to manufacture at scale, the nature of its science, and valuation, they were met with similar treatment: abused, called "Pigfucker" or "mentally ill." More dreams of male-on-male rape were tweeted.

14/ At some point, and this was NOT in my research piece at all, some skeptics began to question Marc and Greg's involvement in prior failed pumps, like $APPH, and now Enovix.

As Marc & Greg were questioned, they turned up the vitriol; it was around then that the doxxing began.

15/ I don't generally talk about my daily work on TWTR and I don't intend to here, but it's obvious to anyone that I am involved in markets day-to-day and have positions in securities. This is not confusing.

Apparently, if I raged on about the merits of $ENVX, it would be fine.

16/ This has never been confusing: Marc & Greg have maligned me as a "smash & grab" short seller who "doesn't know shit" & is a "lowlife flack" (whatever that means).

ENVX says as much in its bizarre letter: "[C248] also admits that he 'may benefit from its price movements.'”

17/ Oddly, in addition to claiming to know about the expert's personnel file and $ENVX's pressure to make him confess, 2 days ago, Marc & Greg began alluding to trouble for me & tried to dox me with the same info ENVX put in its letter.

But they're definitely not coordinating...

18/ Greg slid into my DMs 2 days ago and has now sent me 10 DMs, doxxing me, mocking me, telling me "TJ is coming for you" and "my advice to you is to go away."

You should know, I have not replied.

19/ These are who $ENVX admires?

TJ respects Greg so much that in his January 3 Special Presentation, he named a sales funnel chart after "Reyes."

Marc seems to always hit cleanup on Enovix quarterly calls and Marc & Greg have private follow-up calls with the company.

20/ Further, Marc has stated that TJ Rodgers, Enovix's Chairman, said he will "buy me a brewery" if $ENVX stock goes to $100.

I have no problem with that, but if you're going to say *I* am coordinating? gtfo

More on them here: https://t.co/2w7SgBXkQLtwitter.com/log_phase

21/ And, on that point, while the attacks by Marc and Greg have caused $ENVX skeptics to find each other, it's been largely after the fact. And certainly, I've never "coordinated" trades with anyone. That's ridiculous, false, and maligning.

I may trade more today. Scary!

22/ There's a lot more I could say here, but I think I've made my point. $ENVX is a science project that aspires to be a battery manufacturer. Fine - nothing wrong there. Battery manufacturers are capital intensive and have modest margins, which is why they trade at 1-1.5x sales.

23/ $ENVX has near-zero revenue, trades at a $3B value, and does not yet appear to have enough cash to fully build its first 4 lines in Malaysia (if it does, barely so).

It hopes those lines will generate a few hundred million of revenue and reduce its losses - I wish it luck.

24/ And, yes, I'm short the stock.

Do your own diligence.

Never trust an internet anon (or non-anon!).

Stay safe out there and, to quote a once-respected and seemingly wise short seller, gflta.

...oh, and for more engaging content, make sure to Like, Retweet, and Follow. lol

Addendum, a love letter from Greg.

Here’s TJ excitedly talking about hoping to pay people a pittance for their work.