Qihoo 360 (“QIHU”) is what some would call a “battleground stock.” On one corner, you have short seller Andrew Left over at Citron Research. On the other corner you have Kaifu Lee (former Google China exec), who initially defended QIHU, and then went out of his way to start a website called citronfraud.com . Kaifu must have had a lot of time on his hands.
Well, the following press release just issued by QIHU (thanks to the friend who tipped LST off) looks more like a $20 million market cap penny stock promotion rather than a multi-billion $ market company’s press release. See for yourself:
David Einhorn's Greenlight Capital returned -2.9% in the second quarter of 2021 compared to 8.5% for the S&P 500. According to a copy of the fund's letter, which ValueWalk has reviewed, longs contributed 5.2% in the quarter while short positions detracted 4.6%. Q2 2021 hedge fund letters, conferences and more Macro positions detracted 3.3% from Read More
Here’s the link: QIHU’s idiotic Press Release
Memo to QIHU and QIHU Shareholders : Are you guys really this dumb ? Or Desperate? Both?