Did SenesTech Hide Critical Information During Its IPO?

The author of this post has a short position in the company We recently cautioned readers on the stock of Senestech, Inc. ( $SNES ) for several reasons.  One reason was we believed the company’s highly publicized agreement (the (“Agreement”) with Neogen was not as strong as SNES and its underwriters were claiming.  Our concerns about the Agreement were based, in part, on a bearish research note published on September 28, 2016 (well before the IPO) by Hilliard Lyons Equity Research (which was not an underwriter on the SNES IPO but which covers Neogen). SenesTech On January 23, 2017, only…