rangeelaraja Posted January 30 Share Posted January 30 (edited) 2 hours ago, Under_Score said: Alright, Hindenburg might be thinking about profiting from this report....Does it mean that their complete report is blatant lies? Why would they challenge Adani to come to the US courts? Obviously there is truth in all this Gol maal by Adani.......If truth is being exposed....so be it. It will certainly help the common person of India who is unknowingly investing in overvalued Adani shares. Why should they Adani as an India incorporated firm fight a legal battle in the jurisdiction of a country that has different laws than India. it is a known fact that corporate governance for family owned businesses is poor in India compared to the west. On what basis has Wipro made the son of Azim premji the chairman ? What about Shiv Nadars daughter with HCL. What about all of Ambanis kids being managing directors and CEOs of major reliance companies ? This is clearly politically motivated and they are doing this at the behest of vested political interests, who feel if Adani’s suffers, BJP will suffer and they can have a leg up BJP in 2024. BJP will thrive again in 2024 and Adani will fight back. Most people commenting here are quite ignorant of the workings and rogue ness of Wall Street. They are inhuman animals who will sell their mothers and sisters to make a quick and big fortune. For 5 years people questioned Teslas stock saying that how can a puny company revenue wise be valued more than Toyota, Honda and Volkswagen combined. Teslas business success proved them all wrong and Adani will do the same Edited January 30 by rangeelaraja Link to comment Share on other sites More sharing options...
Under_Score Posted January 30 Share Posted January 30 (edited) 35 minutes ago, rangeelaraja said: Most people commenting here are quite ignorant of the workings and rogue ness of Wall Street. They are inhuman animals who will sell their mothers and sisters to make a quick and big fortune. Sorry, we were not aware that it was that complex...Thank you. Edited January 30 by Under_Score rangeelaraja 1 Link to comment Share on other sites More sharing options...
ravishingravi Posted January 30 Share Posted January 30 I am still trying to understand where is the scam Link to comment Share on other sites More sharing options...
Khota Posted January 30 Share Posted January 30 7 hours ago, rangeelaraja said: There is no black and white truth. It is about being within law or working around it. It is naive to think that there can be black and white truth. Every bloody major ratings agency - Moodys, S&P, Fitch gave investment grade ratings to many of the over leveraged institutions before the 2008 Mortgage crisis. Were they all lying ? JPMorgan hid the shady ponzi activities of Madoff. Are big 4 accounting firms that help their clients circumvent the law all frauds ? Institutional Short sellers make money out out of destroying shareholder value of millions of retailers. They deserve to be crushed and bankrupted themselves. As long as no laws were circumvented it is all good. Link to comment Share on other sites More sharing options...
Khota Posted January 30 Share Posted January 30 6 hours ago, rangeelaraja said: Why should they Adani as an India incorporated firm fight a legal battle in the jurisdiction of a country that has different laws than India. it is a known fact that corporate governance for family owned businesses is poor in India compared to the west. On what basis has Wipro made the son of Azim premji the chairman ? What about Shiv Nadars daughter with HCL. What about all of Ambanis kids being managing directors and CEOs of major reliance companies ? This is clearly politically motivated and they are doing this at the behest of vested political interests, who feel if Adani’s suffers, BJP will suffer and they can have a leg up BJP in 2024. BJP will thrive again in 2024 and Adani will fight back. Most people commenting here are quite ignorant of the workings and rogue ness of Wall Street. They are inhuman animals who will sell their mothers and sisters to make a quick and big fortune. For 5 years people questioned Teslas stock saying that how can a puny company revenue wise be valued more than Toyota, Honda and Volkswagen combined. Teslas business success proved them all wrong and Adani will do the same So, what you are saying is everyone else does it, so it is OK for Adani's to do it too. Under_Score 1 Link to comment Share on other sites More sharing options...
Khota Posted January 30 Share Posted January 30 I am playing devil's advocate now. The other side of the story: Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised Link to comment Share on other sites More sharing options...
ravishingravi Posted January 30 Share Posted January 30 25 minutes ago, Khota said: I am playing devil's advocate now. The other side of the story: Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised So I am trying to see the other side. Because its important to hold big corporates accountable. But the more Hidenburg speaks, the more I see this as hit job. Where is primary evidence ? What exactly is the scam here ? Stock manipulation ? So, normally you would expect a respected report to provide clear primary evidence of how a particular was manipulated on a particular day. All in all I am beginning to think that this was just a shoot and scoot job. When there are absolute real issues with Adani group. Link to comment Share on other sites More sharing options...
diga Posted January 30 Share Posted January 30 1 hour ago, Khota said: I am playing devil's advocate now. The other side of the story: Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised Looks like a hit job by the way they have condescendingly used the word "Nationalism" ... BTW for the folks seriously interested in Adani's 413 page response , this is a summary ravishingravi, nevada and randomGuy 1 2 Link to comment Share on other sites More sharing options...
ravishingravi Posted January 30 Share Posted January 30 28 minutes ago, diga said: Looks like a hit job by the way they have condescendingly used the word "Nationalism" ... BTW for the folks seriously interested in Adani's 413 page response , this is a summary Excellent summary I must say. Link to comment Share on other sites More sharing options...
velu Posted January 30 Share Posted January 30 all adani group stocks are overvalued , last 1 year they all went up way too high .. Abu Dhabi's IHC to invest $400 million in Adani Enterprises' FPO https://www.moneycontrol.com/news/companies-2/abu-dhabis-ihc-invests-400-million-in-adani-enterprises-fpo-9963381.html Link to comment Share on other sites More sharing options...
Khota Posted January 30 Share Posted January 30 5 hours ago, ravishingravi said: So I am trying to see the other side. Because its important to hold big corporates accountable. But the more Hidenburg speaks, the more I see this as hit job. Where is primary evidence ? What exactly is the scam here ? Stock manipulation ? So, normally you would expect a respected report to provide clear primary evidence of how a particular was manipulated on a particular day. All in all I am beginning to think that this was just a shoot and scoot job. When there are absolute real issues with Adani group. Like most I hope Hindenburg is wrong. But I am also skeptical. Adani taking refuge in Nationalism is not fair. Indian economy if follows the path of Atamnirbhar Bharat is heading towards 5T. Whether Adani is part of it or not it makes no difference. No one is pointing fingers at Ambanis or Tatas. We need to wait and watch. Under_Score 1 Link to comment Share on other sites More sharing options...
Khota Posted January 30 Share Posted January 30 4 hours ago, diga said: Looks like a hit job by the way they have condescendingly used the word "Nationalism" ... BTW for the folks seriously interested in Adani's 413 page response , this is a summary 413 pages of fluff. Not one single point to dispute. If Hindenburg is wrong Ambanis can file a 100B dollar lawsuit and win. I doubt they will. Under_Score 1 Link to comment Share on other sites More sharing options...
Under_Score Posted January 30 Share Posted January 30 14 minutes ago, Khota said: Like most I hope Hindenburg is wrong. But I am also skeptical. Adani taking refuge in Nationalism is not fair. Indian economy if follows the path of Atamnirbhar Bharat is heading towards 5T. Whether Adani is part of it or not it makes no difference. No one is pointing fingers at Ambanis or Tatas. We need to wait and watch. Some of the replies on this topic suggest that some ICF members are more concerned that it must be the opposition hand in this Hindenburg research report. If the governing authorities in India had questioned Adani many years earlier, then there would be no need of any foreign company trying to expose the alleged Adani fraud. Since all the inside job of ED & CBI raids on opposition party members was the prime focus of the ruling party, the expose came from outside India. Thanks to Nathan Anderson for this.....Hopefully Indian authorities feel ashamed & start doing their job instead of becoming ruling party boot-lickers. Vivek92 1 Link to comment Share on other sites More sharing options...
mishra Posted January 30 Share Posted January 30 10 hours ago, ravishingravi said: I am still trying to understand where is the scam I think its just that cost of borrowing has increased across the world and thats being exaggerated as risk. If Indian economy is to become $10 trillion economy in next decade then companies dealing in infra projects are not a risk at all. BTW law says, In US, Police shoots at you simply for not obeying after stopped for traffic violations, In India traffic Police guy is lucky to have a stick snd whistle. So no, laws of US are nether best nor can be applicable in every country Link to comment Share on other sites More sharing options...
mishra Posted January 30 Share Posted January 30 2 hours ago, Khota said: 413 pages of fluff. Not one single point to dispute. If Hindenburg is wrong Ambanis can file a 100B dollar lawsuit and win. I doubt they will. No company follows laws which are not applicable to them. Following laws in compnies is mostly meeting legal documentary for say data protection and audit and so on. I think only banks are supposed to maintain obligatoru CRR, no one else need to di. Give Adanis 1-2 month and this whole bs would be forgotten. Link to comment Share on other sites More sharing options...
Khota Posted January 31 Share Posted January 31 6 hours ago, Under_Score said: Some of the replies on this topic suggest that some ICF members are more concerned that it must be the opposition hand in this Hindenburg research report. If the governing authorities in India had questioned Adani many years earlier, then there would be no need of any foreign company trying to expose the alleged Adani fraud. Since all the inside job of ED & CBI raids on opposition party members was the prime focus of the ruling party, the expose came from outside India. Thanks to Nathan Anderson for this.....Hopefully Indian authorities feel ashamed & start doing their job instead of becoming ruling party boot-lickers. Good post. I am concerned about millions of Indians who could have been potentially cheated if there was fraud. I am still hoping there was none. Indeed Govt. should hve devoted more resources to regulation rather than hit raid jobs on opposition. Vivek92 and Under_Score 2 Link to comment Share on other sites More sharing options...
Khota Posted January 31 Share Posted January 31 3 hours ago, mishra said: No company follows laws which are not applicable to them. Following laws in compnies is mostly meeting legal documentary for say data protection and audit and so on. I think only banks are supposed to maintain obligatoru CRR, no one else need to di. Give Adanis 1-2 month and this whole bs would be forgotten. If it is BS yes it should be forgotten. But if it is the truth head needs to roll. Link to comment Share on other sites More sharing options...
Under_Score Posted January 31 Share Posted January 31 4 hours ago, Khota said: Good post. I am concerned about millions of Indians who could have been potentially cheated if there was fraud. I am still hoping there was none. Indeed Govt. should hve devoted more resources to regulation rather than hit raid jobs on opposition. This video explains the main issue & concern irrespective of who is right or who is wrong, video begins around that issue....not from the very beginning. Khota 1 Link to comment Share on other sites More sharing options...
diga Posted January 31 Share Posted January 31 17 hours ago, velu said: all adani group stocks are overvalued , last 1 year they all went up way too high .. Abu Dhabi's IHC to invest $400 million in Adani Enterprises' FPO https://www.moneycontrol.com/news/companies-2/abu-dhabis-ihc-invests-400-million-in-adani-enterprises-fpo-9963381.html FPO fully subscribed... think the game starts now Link to comment Share on other sites More sharing options...
velu Posted January 31 Share Posted January 31 1 hour ago, diga said: FPO fully subscribed... think the game starts now Link to comment Share on other sites More sharing options...
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