Hindenburg came out with Short report on Opera in Jan 2020, when it was trading around $10, about 20% below its IPO price of $12. I was an investor in Opera at that time and while I do think that this report did put Opera management on notice that it is being observed for any questionable related party transactions, it was at best a shallow report, omitted key facts to make their case look genuine and it looked a waste of hindenburg's time as Opera was not at all trading at any premium at that time, and at best it had a downside of another 10-20% which made me wonder why would a short seller go such a length after Opera when there are many other potential targets where the downside is much much higher.
Could it be that Zhou Yahui is using nanobank to launder money on a larger scale?
According to the article, it is not the first time that the provider of the Indian credit app "Cashbean" has been suspected of this. In addition, around $ 55 million of the company has currently been frozen and is being investigated in this regard.
Hey Bryce, thanks for your really good research.
I have a question about Nanobank.
Could it be that Zhou Yahui is using nanobank to launder money on a larger scale?
According to the article, it is not the first time that the provider of the Indian credit app "Cashbean" has been suspected of this. In addition, around $ 55 million of the company has currently been frozen and is being investigated in this regard.
Thoughts on this?
https://timesofindia.indiatimes.com/city/hyderabad/ed-seizes-rs-131-cr-from-chinese-loan-app-co-for-violating-fema/articleshow/86663139.cms
Thank you for this, I just want to know, you didn’t rebut the alleged 9.5million that the chairman is using to fund business already funded by opera.
Thank you