Noted short-seller Gabriel Grego, the founder of long-short hedge fund Quintessential Capital, revealed a scathing short of cannabis company Aphria (APHA).
“This presentation is not about cannabis,” Grego said, before adding, “We believe there’s something sinister happening in this company.”
At the Kase Learning Shorting Conference, Grego delivered a 129-slide presentation entitled “The Black Hole.” His thesis is that Aphria is a “scheme to funnel money from retail investors into the pocket of shareholders.”
Shares of Aphria dropped a much as 20% in the pre-market.
At the conference in May, Grego made a name for himself with his short of Folli Follie on the Athens Exchange. After exposing the company as a fraud, regulators halted the stock in less than two weeks and it hasn’t traded since.
This story is developing…
https://finance.yahoo.com/news/short-seller-gabriel-grego-slams-cannabis-stock-aphria-shares-tanks-141046109.html
No Insider Sales This Is A SHORT ATTACK ON APHA
No Insider Sales This Is A SHORT ATTACK ON APHA
Amended Filing
As of 11:59pm ET December 2nd, 2018
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | Volume or Value | Price |
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51 - Exercise of options
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