China Sky One Medical, Inc. (NASDAQ: CSKI) claims to sell primarily over-the counter pharmaceutical products in China, a highly competitive market. Indeed, China Sky states in its 10-K that competition in this field is “intense.” […]
Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention. Paul Kaihla eCompany Now
China Sky One Medical, Inc.’s (NASDAQ: CSKI) shares have traded as high as 63% above the low set two days ago. On the surface, the market action seems a response to the company filing its […]
China Sky One Medical, Inc. (NASDAQ: CSKI $15.85) reported erroneous numbers for earnings per share in the company’s earnings press release dated April 15, 2009. The full year basic earnings per share (EPS) figure, reported […]
asensio.com, located at www.asensio.com, America’s oldest and most accomplished short selling advocacy website, today initiated coverage on shares of China Sky One Medical, Inc. (NASDAQ: CSKI). Two reports have been issued today on asensio.com regarding […]
Manuel Asensio is “a veteran short-seller, whose Asensio & Co has identified dozens of cases of corproate fraud and profited by selling their shares short.” Joseph A. Giannone Reuters April 8, 2009
Update – Short sellers decry scapegoating as SEC eyes rules – Reuters
In a response to former SEC Commissioner Roel Campos stating that there ought to be a certain level of short selling regulation, New York hedge fund manager and activist short seller Manuel Asensio responded on […]
Short Selling Activist Asensio Says Naked Short Selling Should Be Legal – Market Rap
Blomberg TVCampos Doubts `Uptick Rule’ Would Curb Short-Selling: Video (Bloomberg) — Roel Campos, a former commissioner of the U.S. Securities and Exchange Commission, and Manuel Asensio, chairman of Asensio & Co., talk with Bloomberg’s Carol […]
Timminco loses early skirmishes with alleged libellers – Stockwatch
On March 17th Timminco Limited (TSE: TIM C$2.09) announced earnings for fiscal year 2008. The announcement was the continuation of “a stunning fall from grace for what was once the hottest story on the Canadian […]
LDK Solar Co., Ltd. (NYSE: LDK $5.50) issued a release on February 18th stating it expected to report a loss for the fourth quarter, after taking an inventory writedown of $210 to $220 million. In […]
I should credit Manuel Asensio and his book Sold Short for opening my eyes to the story at Zonagen. Manuel is a notable short-seller who issued a flurry of negative reports on Zonagen as its […]
Red Flags at Repros Therapeutics – Seeking Alpha
An article appeared yesterday in the Santa Fe New Mexican detailing a claim that New Mexico state funds were mishandled and were invested in certain companies in exchange for political contributions, which may have cost […]
Short Sellers Under Siege – Bloomber Markets
John and Henry: Unfortunately, the wrong Paulson saw the subprime crisis coming long ago. – Pittsburgh Post-Gazzette
On November 11, Timminco Limited (TSX: TIM C$6.37) reported a third quarter net loss of C$13.7 million, or C$0.13 per share. The Financial Post published an article on November 15 raising questions on the transparency […]
At least one other market participant, Manuel Asensio, a noted short seller, continues to remain skeptical. In a note, he said that Timminco “is a corporate governance and fair disclosure case. This is not a […]
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Timminco shares’ rough ride – Financial Post
Timminco Limited (TSX: TIM C$7.45) claims that in the third quarter its solar grade silicon business had an average sales price of C$53 per kilogram. Timminco’s production figure and cost claim of C$31 per kilogram […]
Untitled Document ALT Energy Stocks 1. May 14, 2008 – Is Timminco For Real? by Charles Morand. Barron’s 1. April 21, 2008 – Timminco Generates More Heat Than Light by Bill Alpert. […]
Two Canadian fund managers recently made promotional statements for Timminco Limited (TSX: TIM $13.00). Duncan Stewart, a fund manager who also works for Deloitte, was one of the judges who selected Timminco for Deloitte’s “Green […]
Pegasus Wireless Corporation was the subject of asensio.com reports in 2006. On September 25, 2008 the Securities and Exchange Commission (SEC) filed a complaint related to Pegasus Wireless in U.S. District Court against Charles Adams. […]
Timminco Limited (TSX: TIM $14.50) is criticized in a September 25th article on Stockwatch.com for making more promotional statements at a conference for institutional investors. At a CIBC World Markets conference held in Montreal on […]
Known as a prominent short seller, Asensio now runs a long/short equity hedge fund, which takes both positive and bearish bets. Asensio can’t increase short positions on financial-services shares, so he said he may have […]
Short-sale ban disrupts trades for hedge funds – Market Watch
The Globe and Mail reported yesterday that Timminco Limited (TSX: TIM $14.00) was ranked in Deloitte Consulting’s “Technology Green 15,” part of its “Technology Fast 50” ranking. Deloitte’s website states that the Green 15 companies […]
Reuters reported on September 24th that solar stocks rallied on news of the US Senate passing a bill to continue tax credits for renewable energy sources. On September 23, the US Senate passed H.R. 6049 […]
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