The investment banker who sold shares and issued “buy” recommendations on these stocks to his clients. He makes for a complicated whistleblower, in a film full of complicated characters: The lawyer who represented the China firms. I tried to play it straight, never shorting. “You start catching billion-dollar companies, and now they take you seriously. “Nobody took me seriously until I made money,” David said in an interview at a special event for the film, hosted by Peggy Siegal last week at Il Gattopardo restaurant. So, as David continued trying to raise awareness, he also started short-selling these stocks (“busting these frauds,” as activist short-seller Jon Carnes called it), keeping the profits from the executives of these Chinese companies - and from their U.S. Related: Beware This Chinese Export (Barron’s) I never shorted,” David told MarketWatch. I went to the exchanges, I went to the banks. “For the first two years, I gave my research away. financial firms to sound the alarm on the wave of Chinese reverse mergers and the danger these stocks posed to U.S. David previously lobbied Congress and approached U.S. Alpha Management, a short-bias hedge fund, and co-founder of GeoInvesting. It’s a startling and revealing moment for David, who is the CIO of F.G. But when they do go to zero, I win, but you all lose.” “I’ll say they’re a fraud, and I’ll short. “I’ll bet against them, and I’ll write a report and I’ll publish it,” he says to the friends and family gathered for a barbecue.
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