Grizzly Research short idea presented at Valuewalk Conference is down 25%Michelle Jones
ValueWalk is holding its second Contrarian Investors Virtual Conference, and Grizzly Research Founder Siegfried Eggert is pitching Hebron Technology as a short. He believes Hebron is an "insider enrichment scheme without economic basis."
Problems with Hebron Technology
In his presentation, Eggert noted that Hebron Technology's stock has skyrocketed following recent private placements and acquisitions. He believes the company is running an insider enrichment scheme. He also said all of last year's major transactions were "announced and portrayed as arms-length," but the Grizzly Research team was able to link all of them back to company insiders.
Eggert said . . .
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