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Hindenburg Research Shorts Tingo Group ($TIO) by geekgirl

View this thread on: hive.blogpeakd.comecency.com
· @geekgirl ·
$66.47
Hindenburg Research Shorts Tingo Group ($TIO)
 https://images.hive.blog/DQmZDVQqMUckRDtaAnDpa7weELXHtod1CjZSW5Bk8zmjQsb/hindenburg.png

Tingo Group Inc, which trades under ticker symbol $TIO on Nasdaq has become Hindenburg Research's latest target. Two days ago Hindenburg Research (HR) has published lengthy article based on extensive research and investigations that describes why HR thinks Tingo Group is a scam with fabricated financials. Along with publishing their article, HR also announced that they were shorting $TIO. As it usually happens after HR's announcements, $TIO prices dropped by 60%. Before HR's announcement $TIO was trading above $2.5, it dropped to almost $1, recovered a little bit and now trading at $1.34.

 https://images.hive.blog/DQmZVtr1mHo8wEGC7MhPJpgfvsyZVm9sF1E6UFPMHAPe8yi/tio.png 

It is amazing how HR manages to profit repeatedly from these short trades by researching potential bad actors among publicly traded assets. I haven't followed HR's trades. But it seems like their trades end up being correct most of the time. However, of course the timing is important as well. Since HR's announcements and research articles are public, many follow the same trade idea. I don't think I will ever be able to follow these trades in timely manner, and I wouldn't recommend any trade ideas to others either. It is just fascinating how HR has build a brand of a research company that can execute educated and well researched short trades well.

HR has gone after big and small companies in the past. They go where the facts lead them. Despite being threatened by lawsuits multiple times by their targets, they don't seem to be worried. They have very interesting business model. Research and investigate potentially weak or overpriced stock and their companies, if facts suggest shorting is a good trade, they do so. I would assume they would have researched some stocks and companies that weren't good short candidates. They don't announce those. So it is not easy to say, if they had any or what percentage of their potential target turn out to be actionable trade ideas. That would be interesting to know. Because research and investigations require time and money. Even if they make profits on trades they make, overextending their resources may end up waste of time and money. On the other hand such expense would be costs worth taking, as they wouldn't go into bad trades and lose more.

As always HR articles are long and detailed. Feel free to read the full article, [Tingo Group: Fake Farmers, Phones, and Financialsβ€”The Nigerian Empire That Isn’t](https://hindenburgresearch.com/tingo/). HR believes that Tingo Group is an obvious scam with completely fabricated financials.

Tingo Group's headquarters are in New Jersey, their stock is traded on Nasdaq. The company has several business that focus on mobile phones, food processing, and only food marketplace for farmers. These services are primarily located in Nigeria. HR believes these businesses that Tingo claims to be involved in a fully or partially fake.

Tingo was founded by Dozy Mmobuosi, who is also the CEO. HR's research shows how Dozy has not be one of the most honest business people, continuously made false claims, like how Dozy acquired PhD in Malaysian university, which couldn't be confirmed by the university. Among other lies Dozy claimed to be a developer of the first payment app in Nigeria, which was also disproven by the app's real creator. I like how HR always does some research on company's founders, executives, and leadership. If there are red flag, they may indicate potential issues with companies as well.

HR uncovers how Tingo's food processing business is full of lies as well. They don't have their own food processing facilities, inconsistencies in reported revenues, false advertising using stock images as rendering of planned facility, again false claims about business deals. Tingo's mobile phone business had similar issues, if not worse.

Hindenburg Research does a great job again, diving into details and explaining their position. It is crazy how there are still such fraudulent behavior is discovered in companies with publicly traded stocks. Where is SEC when you need them? Oh wait they are busy suing Binance and Coinbase. lol.

---

>#### "Overall, we think Tingo is a worthless and brazen fraud that should serve as a humiliating embarrassment for all involved. We do not expect the company will be long for this world."  [(Hindenburg Research)](https://hindenburgresearch.com/tingo/)

---

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vote details (414)
@biyimi ·
$0.10
Sec is really doing more harm than good for the crypto space than they think 
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@brianoflondon ·
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@chesatochi ·
$0.10
Speculating on the outcome of their finding, after that they are shorting the stock. They might have a team of researchers who work for them full-time!
πŸ‘  
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@djbravo ·
$0.10
The way we see companies like this happen is first people get a lot of what happens and then as we've seen today we lose a lot of value within that. It has been seen this is very bad news for all the investor's, the way we are seeing things happening in the market today, if it goes for this RP, we will see the market. We will see going up. 
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@itwithsm ·
$0.10
what are your thoughts about Tingo Food? I think HR done a great job and came out with facts and figures, otherwise they would have not talked about anyone like this. 
πŸ‘  
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vote details (1)
@jfang003 ·
$0.10
Hidenburg does great research and it's for that reason, that the shorts work. Their success in the past makes it possible for people to follow along with a degree of confidence and I also think they are in trouble after looking at the details. 
πŸ‘  
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@lovinggirl ·
https://twitter.com/LovingGirlHive/status/1667110685938176002
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@malos10 ·
I agree with you that Hindenburg Research does a great job of investigating potential bad actors in the stock market. Their research is detailed and well-reasoned, and they have a good track record of being right. It is unfortunate that there are still companies out there that are willing to commit fraud, but it is good to know that there are people like Hindenburg Research who are working to expose them.

I am also surprised that the SEC has not taken action against Tingo Group, given the evidence that has been presented by Hindenburg Research. It is possible that the SEC is still investigating the matter, but it is also possible that they are simply not interested in taking action. Either way, it is clear that there is a need for more regulation in the stock market in order to protect investors from fraud.
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@mccoy02 ·
$0.10
SEC should up running pinpointing and pinning down companies like this, HR are doing a good job fishing out fraudulent companies claiming to have legit business operations  thank for the share.
πŸ‘  
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vote details (1)
@mintfinch ·
$0.10
Being such a big company. I assume they bet big on those trades, getting back tones of money given there influence of which direction the price will swing after there research. For there survival I believe they have heavy funding at the core which keeps the company afloat as they venture in to there research that manipulates the market for there gain
πŸ‘  
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@rafzat ·
$0.10
Honestly, I don't like anything about SEC
They are very annoying to me
πŸ‘  
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vote details (1)
@sapphirecrypto ·
$0.10
Ouch! This is the age of information and data... you really have to run a tight ship if you want to play with the big boys! That's a massive dump!
πŸ‘  
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vote details (1)
@technicalside ·
$0.10
Yeah their heads are too deep up the crypto worlds ass, trying to expose this supposed HUGE pyramid scheme... Yet when some bank or company fucks up, well then that is no big concern... Just the way things are...

And yet here we are with everyone not really doing anything about it. 
πŸ‘  
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