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Hindenburg Research
Initial Report Date（2018/04/30）Share Price:648.000
Initial Report Date（2018/04/30）Share Price:648.000
Inpixon: If This Sketchy Deal Is Legal The Public Markets May Be In Deep Trouble
Details Link > During the height of “blockchain mania” Inpixon issued a press release announcing that it would leverage the blockchain. The price and volume predictably surged on the news.
The company shared the press release with multiple investors in advance. The investors bought substantial stakes and then exited their positions into the spike that followed the news release.
The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement.
The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared.
By wantattse
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