Re: Sheldon Inwentash status. (repost minus the error)
in response to
by
posted on
Jan 27, 2015 03:23PM
First time poster here on the Poet forum. Been acquainted with PTK but actually invested with ANY instead. Very unfortunate situation here for both shareholders of PTK and ANY. Apparently Inwentash pissed off a group of hedge funds which has led to price depreciation of all of Pinetree holdings. I would not be suprised if having Inwentash ousted was their end goal considering he only looked after his own interests (Midas Letter). I can't speak for PTK, but the shorters seem to be covering their positions now with ANY.
ANY has been experiencing constant shorting pressure over the last few months despite early indications of significant earnings rampup.