Activist short- and long-research shop publishing investigative reports on publicly traded companies. Look for @jcap_research, ahem, elsewhere.
Sep 3 • 12 tweets • 3 min read
2/13 We think IQVentures, which AAN says will pay $504 mln to AAN shareholders, may be a front for a buyer who’s afraid the deal would not otherwise pass regulatory scrutiny. Government review would certainly be required for the merger of two high-interest lenders.
3/13 IQVentures has never done a deal bigger than $10 mln, according to public sources. IQVentures alone seems unlikely to have the funding, industry knowledge, or appropriate staff to handle a take-private deal the size of AAN. jcapitalresearch.com/aan.html
Nov 21, 2023 • 25 tweets • 5 min read
10/34 $MVST’s claim to fame is the lithium titanium oxide (LTO) battery, once promising because of its fast-charging properties but now abandoned by the industry due to low energy density and propensity to catch fire.
11/34 The founder of $MVST “unfortunately chose the wrong technical route,” a Chinese battery scientist told us.
Oct 7, 2021 • 11 tweets • 2 min read
By popular request:
J Cap just published a new report on $FFIE, an EV scam founded by China’s most famous securities fraudster. Read it here: jcapitalresearch.com
1/Like other EV frauds, $FFIE seems to have invented most of its “reservations.” They disappeared from company docs after Hindenburg’s Lordstown report in March. And no wonder: 78% of the 14,000 bookings had been “disappeared” a year earlier and converted to a note payable—at 8%.
Oct 7, 2021 • 5 tweets • 1 min read
6/Since $FFIE just raised $1 billion, how come it’s issuing debt for piddly amounts at 14%?
7/$FFIE says it has an MOU with a “Tier 1” city in China. That’s Zhuhai—which is Tier 3. The Chinese press reported that Zhuhai’s government withdrew from the arrangement formally last July, but FFIE is still talking about it.