Economics

ShortSeller Who Took Down Folli Follie Has Another Big Short This Monday

Editor’s note: We will be attending this conference on Monday so stay tuned for full coverage at this link. We have very in-depth coverage from the earlier short conference this year. Additionally, if you want to attend use VW10 for a 10% discount at the event. Finally, we interviewed Gabriel very recently right here (and will have a full transcript hopefully tomorrow).

See below for an email from the event organizer.

You may recall Gabriel Grego of Quintessential Capital Management, who’s best known for his all-time epic takedown of Folli Follie at our last shorting conference on May 3. He exposed it as a fraud and the stock went to zero less than two weeks later. (You can watch the video of his presentation here and see all of his work here.)

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Tilson: Big Discount On Kase Learning Shorting Conference

I just met with Gabriel this morning and he walked me through the 130 slides he will be presenting from 8:30-9:00am on Monday at our shorting conference at the NY Athletic Club (it will also be livestreamed) – and I’m delighted to report that he’s done it again! Based on what I saw, I believe he’s uncovered yet another total fraud, whose stock will rapidly go to zero, with management likely going to prison after being convicted of stealing hundreds of millions of dollars from shareholders.

Best of all, this is an actionable idea. Folli Follie traded on the Athens stock exchange, so many of the investors who attended our last conference weren’t able to short it. But the company Gabriel will be taking down on Monday has a multi-billion dollar market cap and trades on the NYSE!

(Investors in Greece can relax. Apparently many, having lost $1.4 billion on Folli Follie, have refused to buy any stocks on the Athens Exchange this week, worried that Gabriel might target another company there.)

Trust me, you will not want to miss this presentation. By itself, it will be worth far more than the price of admission – plus you also get to hear 16 more of the world’s top short sellers pitch their best ideas, including Carson Block, Sahm Adrangi, Ben Axler and Fraser Perring (click here to see a full list of speakers). Lastly, there will be great networking at the breaks, lunch and the cocktail reception from 5:00-7:00pm.

 

To register, go to www.kaselearning.com/short. The list price is $2,495, but we are offering a 10% discount for in-person and for the livestream when you use discount code VW10.

I hope you can join us!

Sincerely yours,

1Whitney Tilson Signature

PS—Here’s the full agenda for the day: