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J Capital: Remark "Most Brazen Stock Promote"; shares -23.5%

Published 02/06/2018, 12:45 PM
© Reuters.  J Capital: Remark "Most Brazen Stock Promote"; shares -23.5%
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  • Remark (NASDAQ:MARK) sliding 23.5% after short seller J Capital Research report: “Remark Holdings May Be the Most Brazen Stock Promote of the Year.”
  • Sample of the report, under the heading “No ‘there’ there”: Wherever we look, we cannot find a real business behind Remark Holdings. The company changes its business description so quickly that even management struggles to explain. That does not stop them from pushing out press releases that make wild claims for fantastic new technologies to come.”
  • J Capital also says that Remark’s claims of being a major player in China don’t hold water because “some of the biggest private lenders have never heard of the KanKan credit platform” before noting that Remark doesn’t own the KanKan tech.
  • Now read: Saber Capital Talk At Google (NASDAQ:GOOGL)


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