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Spruce Point Capital

@sprucepointcap

Activist Inv Manager founded by Ben Axler, Specializing in Forensic Short-Selling. Invest @ Your Own Risk, click on the link below to read our disclaimer

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linkhttp://www.sprucepointcap.com/twitter-disclaimer/ calendar_today04-03-2014 13:56:22

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Wolfe double downgrades $FND on weak demand. Wonder if the Buffett guys that loved this starting to see it as a value trap (still priced as growth). Still could get worse here with Lowe's going after the PROs customers harder

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Pleased to release a new forensic report on Uranium Energy Corp (NYSE American: $UEC) a company with a troubling history whose CEO and founding executives are connected to myriad lawyers, promoters, financiers and family that have run afoul of the laws in the US and Canada,

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Is $UEC really the vehicle that's going to lead the resurgence of #nuclear revival in America? Given the CEO's documented connections to bad actors, zero proven/probable reserves, weak governance and no proven ability to produce at scale, we think the recent share price

Is $UEC really the vehicle that's going to lead the resurgence of #nuclear revival in America? Given the CEO's documented connections to bad actors, zero proven/probable reserves, weak governance and no proven ability to produce at scale, we think the recent share price
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Early large investor in $UEC has a wrap sheet in the US and Canada, and was completely banned from capital markets in British Columbia.

Early large investor in $UEC has a wrap sheet in the US and Canada, and was completely banned from capital markets in British Columbia.
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Ok Twitter exclusive on $UEC. What do people make of this? $UEC investing in a company Anfield Energy (AEC CN) at $0.10c when the market price is C$6.37/sh. Sweet heart deal and perfectly normal? Thoughts?

Ok Twitter exclusive on $UEC. What do people make of this? $UEC investing in a company Anfield Energy (AEC CN) at $0.10c when the market price is C$6.37/sh. Sweet heart deal and perfectly normal? Thoughts?
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Is it normal that if you think you have a real and high quality #uranium asset base that you appoint a man that was barred from audits in #Canda to your Audit Committee? Serious responses only please. $UEC

Is it normal that if you think you have a real and high quality #uranium asset base that you appoint a man that was barred from audits in #Canda to your Audit Committee? Serious responses only please. $UEC
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Interesting that $UEC executives and CEO Adnani was named in the SEC filings of another bulletin board company named Strategic American Oil Corp. Barry Honig was a big shareholder of this company.

Interesting that $UEC executives and CEO Adnani was named in the SEC filings of another bulletin board company named Strategic American Oil Corp. Barry Honig was a big shareholder of this company.
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A concerning overlap in the Audit and Financial Control function at $UEC with two people who also were involved in Silvercorp $SVM and New Pacific Metals $NEWP (Hindenburg Research ) >> what do people make of this? Pure coincidence that these people just happen to be associated with

A concerning overlap in the Audit and Financial Control function at $UEC with two people who also were involved in Silvercorp $SVM and New Pacific Metals $NEWP (<a href="/HindenburgRes/">Hindenburg Research</a> ) &gt;&gt; what do people make of this? Pure coincidence that these people just happen to be associated with
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$UEC CEO already out working on his next promotion in case the #uranium gig doesn't pan out? Have not seen this disclosed in UEC's SEC filings or his biography, has anyone? carbonroyalty.com

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Pleased to issue our thoughts on $DKNG, a sports betting company we believe is going through more competitive disruption than the market fully grasps. We've seen this story before and think that prediction markets like Kalshi Polymarket with the help of Robinhood will have

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And in other news $UEC mining more shares while "the iron is hot". Already has ~$150m of cash, no proven/probable reserves, no dedicated customer agreements. But "raise money" while you can and for what exactly? #uranium