Organovo Holdings Inc (ONVO)…. Over the years, “The Sleuth” has carefully studied a wide range of dicey companies and made a lot of money shorting their stocks. Now, he has uncovered damning new information about a number of public companies and the promoters behind them… and he revealed it in a talk at the Value Investing Congress.
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The Sleuth spoke at the 9th Annual Value Investing Congress also see: Whitney Tilson To Present His Short Thesis On Organovo Holdings Inc (NYSEMKT:ONVO). Below are notes from his presentation.
The Sleuth’s short idea: Organovo Holdings Inc (ONVO)
Short: Organovo Holdings Inc (NYSEMKT:ONVO)
Reverse merger story stock.
Pitched to retail.
No sales of products.
Heavy dilution likely.
Changes business models.
Stock moves with the number of articles written in media such as Motley Fool, SA, Forbes etc – not according to underlying fundamentals.
Company talks about things that it does not even have any idea about, The Sleuth alleges. 3D printing of organs is latest. Company has undergone four changes in business models already.
A lot of talk was background on his research on the stock promotion game played by some IR and nano cap company. He has exposed this recently in the media and talked to the SEC about this as well.
And who exactly is The Sleuth? His name is Richard Pearson.