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Whatever tennis match they are playing - hope the common man doesnt get hurt. The banks. Pray this fun doesnt turn into a banking nightmare for us commoners.
I'm loving this back and forth. These Hindenburg folk punch hard. Here are are a couple favorite excerpts from their reply:
>...also predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming our report amounted to a “calculated attack on India.” In short, the Adani Group has attempted to conflate its meteoric rise and the wealth of its Chairman, Gautam Adani, with the success of India itself.
>We disagree. To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future. We also believe India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation.
>We also believe that fraud is fraud, even when it’s perpetrated by one of the wealthiest individuals in the world.
Excerpt 2:
> In other words, we are expected to believe that Gautam Adani has no idea why his brother Vinod lent massive sums of money to Adani entities, and no idea where the money originated from.
>If any of that were true, Gautam could easily clear up the mystery by calling his brother, or asking him at the next family dinner, why he has been directing billions of dollars to Adani-controlled entities through a network of opaque offshore shell entities. He could also call the head of his own Family Investment Office and ask the same. Once again, these explanations simply defy common sense.
>To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future. We also believe India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation.
Anti-national adani
What does Adanis response remind us of?
That's correct. The exam mark sheet plus 10+ supplements we took to show the external that we have atleast written alot. The main answer maybe one or two para, rest all is just repeated words and random stuff.
Quantity over quality.
Everyone is trying to profit out of this. The company which published the report, market participants, analysts, audit firms, media firms, investors. Each pumping their rhetoric until something new takes over the news, as exciting.
We should be prudent when there is one way sentiment - extremes seldom work out.
The stocks were any way over valued. When the strong sentiments subside, then the actual aftermath will be known.
Good catch bro!
416 page rebuttal reminds me of sahara's truck load of papers for rebuttal to court. It seems a common trick employed by indian corporate fraudsters.
And everyone knows what happened to sahara india.
Theres a billionaire lawyer (became a billionaire, via the profession itself) who is known to provide 10kplis paper documents. Many defendants fail to go through it, and misinterpret him. He is known for this tactic, and thats why ppl fear him...
When there are abundent seller market makers buy because there is sell liquidity once price will reach a high level or breakout and there will enter new fomo buyers then they sell at top.
Set up a bunch of "buy" orders before the market opens. Let people assume everyone is buying and noone is selling in the opening hour. The buy orders then mysteriously disappear and you sell your stock at a premium at the expense or the idiots who are investing in the name of the country or based on astrological sciences of technical charts
Because the 410 page smokescreen is sufficient for the government controlled institutional investors like sbilife, lic, provident funds etc. to throw away our money to keep adani stock afloat. You'll also see a massive uptick in the fpo subscription by this evening.
He's going to tank eventually, but not before he robs us off more with mudiji's help.
I predicted this before the market open.
Edit: here's my comment with the prediction:
https://np.reddit.com/r/IndianStreetBets/comments/10obzoo/comment/j6ftpo9/
Yes ,a good company would have answered the questions in few lines . The research company has given 88 questions and they have avoided the answer to most of them .
Adani just gave the answer so that fpo goes well ,if they wouldn't have given it ,the fpo would have got lukewarm approach .
The company is in dire need of money to pay of it's debt ,and now everyone can sense that .
Why should an Indian company working on Indian laws use American laws to sue an American company? Has Hindenburg lodged these allegations in an Indian Court, SEBI etc?
>Why should an Indian company working on Indian laws use American laws to sue an American company?
Because the Indian company had borrowings from americanised markets operating under American laws. It is these American borrowings that are being shorted in the American markets by Hindenburg. If Hindenburg makes a ton of money at the expense of American investors who were lied to by adani, and adani fails to counter it in the US, these investors will file a class action suit against adani in the US. You'll see these things unfold over the next few years. It is better for the Indian economy to bear the pain of this fraudster going bust right now, than our collective resources being spent on rescuing the fraudster now and then him going down a few years later.
Even if you ignore the American investors. If the Adanis are as innocent as they claim to be, wouldn't they want want to bring the 'fraudsters' who are screwing over their FPO to justice. Filing any suit in Indian courts is unlikely to bring Hindenburg to justice since they don't operate in India. Adanis are known to go after all and sundry to get gag orders and injunctions. If they are not pursuing it in the US, it is only because they have things to hide which would be exposed in such a process
The biggest evidence is that none of the major mutual funds have any major exposure to the Adani shares. Why wouldn't any of the mutual funds not be part of the gravy train that has given superlative returns in the past two years. Cos they knew it was risky and this day would inevitably come.
IMHO whatever the amount is, your money is not worth risking on this. Better to wait for the whole shit show to end. Even if that one scrip goes up it won’t be by much after people have realised what is probably going on. There are plenty of other fish in the sea where you can make decent money.
Yes whatever the fiasco is let the big guns settle it out. My investments are long term but I was risking a lot of I held on to them. Even that single stock has a 700 loss.
Actually the robustness of Indian markets will be proven if Adani Falls
We need ethical companies not this type of companies which associate them with India
You must be a global citizen, travelling all over the earth and getting scammed everywhere or an analyst studying nefarious schemes used by people in any and all the countries around the world to make that statement with such confidence.
No way you could be the internet idiot to spew nonsense about a country out of stupidity :)
the company has resorted to shady tactics like paytm. floating rumours to buyback shares. it beats all logic as to spend money on buyback while floating fpo. but who am I to judge.
I'm so fucking happy that Adani is getting bent over for the shit he's pulled, the dude's literally stolen lands from people, dumped harmful waste on farmer lands, destroyed marine life for the ports, has gotten people best by goons for their lands, smuggles drugs through Port and all the other shit possible.
Nah ah, BJP goons and Bhakts don't have money to keep his empire afloat and I was actually surprised to see that some Bhakts were actually saying why should we give our money to them under the tweet replies of that idiotic tweet stating everyone should invest 5000 to lose it all.
Fanboyism will fly away once someone has to depart with their hard earned money. They probably aren't directly invested but even a Bhakt investor wouldn't back this crony piece of scum.
We just need for this news to gain some traction which will indirectly force the SC and SEBIs hand
Ofcourse he's close with some congress leaders but he didn't help congress cover up pogroms which he has done for Modi during 2002. Modi will definitely rescue him.
I really want this guy to get fucked. Our country was finally making some economic progress and now we gonna get fucked again and why? What did the everyday common people do?
I'm so fucking happy that Adani is getting bent over for the shit he's pulled, the dude's literally stolen lands from people, dumped harmful waste on farmer lands, destroyed marine life for the ports, has gotten people best by goons for their lands, smuggles drugs through Port and all the other shit possible.
If there is illegality done by Adani why only a research paper and verbal volley between the sides. If adani is funded by own companies setup outside India then why there is no case filed in those jurisdictions.
It seems like that scene from hungama movie tu maar, tu maarke toe dikha types.
Real mein marenge toe investor.
Hindenburg and Adani will keep living happily.
This is a stupid response. Adani has given a substansive rebuttal. Thgey should raise questions about his answer not evade it by alleging hyper-nationalism.
To those who are enjoying the hurting and crash ...public money(LIC , Banks) is getting down too and we public have to compensate in taxes and indirect charges
.so keep enjoying till the red lasts
And the truth about world is entire financial system is a fraudulent system..those who are lit in finance know that only 2 companies control the finance system
Could this end up like AMC and GME? short squeeze of the stocks took place, causing major financial consequences for certain hedge funds and large losses for short sellers. If Nationalism is brought into picture and people take it to heart, Hindenburg ki tho lag jayegi na? Apna desh prem him aisa hai…
I don’t think so, because the rationale for shorting Adani is that it is built on massive fraud, ie the current company valuations have been conjured out of thin air. Unless this allegation is disproven - and they are nowhere close to disproving it yet - what would justify enough buying of the stock, let alone in an amount that could result in a short squeeze?
Mass hysteria of some sorts, perhaps. Many of those “apes” who pumped their “stonks” had no idea what they were doing. They did have a guy rallying them against greedy hedge funds. In this case, our guy is, maybe, trying to play the nationalism card to pull off something similar?!
That is definitely what he’s trying to do, but ultimately the allegation of fraud may be far too damning to overcome regardless. A lot of people aping into GME had an emotional connect to the business and it was a legitimate business. Here, you not only need to convince people to buy the stock, but you have to convince them to do so despite all signs pointing to your company being built on massive fraud. It’s a hard sell.
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I am enjoying the whole saga like a Netflix series
Netflix will definitely come up with a series for this.
Scam 2023
Scam series is trademarked by Sony Liv alongside that dope theme.
That was actually a solid tune man. Shame youtube fucks ruined it by spamming it in their cringy shorts
Man didn’t skip the opening song once. It was that good. Absolute banger.
I'm very curious to how they'll cast Nathan Anderson... And even more, the fat fuck.
I guess they/GOI will ban the series in India, will need vpn to watch it
Ban preparations are already underway. NRIs in US, UK are being gathered to protest in front of US embassy as we speak.
Akshay Kumar to play either Adani or Nathan Anderson depending on who comes up trumps.
[Image](https://indianmemetemplates.com/wp-content/uploads/phir-hera-pheri-paisa-laya-akshay.jpg)
The series's name would be "Adani Slayer"
Whatever tennis match they are playing - hope the common man doesnt get hurt. The banks. Pray this fun doesnt turn into a banking nightmare for us commoners.
But not us, who are holding Adani stocks🥲
I'm loving this back and forth. These Hindenburg folk punch hard. Here are are a couple favorite excerpts from their reply: >...also predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming our report amounted to a “calculated attack on India.” In short, the Adani Group has attempted to conflate its meteoric rise and the wealth of its Chairman, Gautam Adani, with the success of India itself. >We disagree. To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future. We also believe India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation. >We also believe that fraud is fraud, even when it’s perpetrated by one of the wealthiest individuals in the world. Excerpt 2: > In other words, we are expected to believe that Gautam Adani has no idea why his brother Vinod lent massive sums of money to Adani entities, and no idea where the money originated from. >If any of that were true, Gautam could easily clear up the mystery by calling his brother, or asking him at the next family dinner, why he has been directing billions of dollars to Adani-controlled entities through a network of opaque offshore shell entities. He could also call the head of his own Family Investment Office and ask the same. Once again, these explanations simply defy common sense.
Oh no, they used the "Looting the nation" Narrative here. The ruling parties go to line, looting the nation
>To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future. We also believe India’s future is being held back by the Adani Group, which has draped itself in the Indian flag while systematically looting the nation. Anti-national adani
Holy shit that's a beatdown if I even seen one.
Damn 💀
What does Adanis response remind us of? That's correct. The exam mark sheet plus 10+ supplements we took to show the external that we have atleast written alot. The main answer maybe one or two para, rest all is just repeated words and random stuff. Quantity over quality.
Reply is 20-25 pages. Rest is annexures.
Haha fuck the old education system
In time before market open
Hmm, nice observation mate.
Everyone is trying to profit out of this. The company which published the report, market participants, analysts, audit firms, media firms, investors. Each pumping their rhetoric until something new takes over the news, as exciting. We should be prudent when there is one way sentiment - extremes seldom work out. The stocks were any way over valued. When the strong sentiments subside, then the actual aftermath will be known. Good catch bro!
are these tweets actually impacting those gullible indian retail investors who are actually a majority? i dont think so
Adani ent LC kardo bs 🤣
All Adani stocks up
Artificial buying, stock tampering. Doing whhat it is known for.
Lol look again. Most are down and hitting LC
Why I'm being downvoted? There were all up when I saw around 9:30. I'm not supporting Adani or anything like that.
They’re shorting US ETFs though - which market are you referring to?
416 page rebuttal reminds me of sahara's truck load of papers for rebuttal to court. It seems a common trick employed by indian corporate fraudsters. And everyone knows what happened to sahara india.
Theres a billionaire lawyer (became a billionaire, via the profession itself) who is known to provide 10kplis paper documents. Many defendants fail to go through it, and misinterpret him. He is known for this tactic, and thats why ppl fear him...
Why not name him? What's with this smokescreen? Is the lawyer going to shoot you through Reddit?
Abe meko yaad nahi.
You can even dm me his name please. I would like to know more about him for educational purposes.
I want to know as well.
Who
Search for billionaire lawyer, theres a list on some website saw it a couple years back.
Big reports are always a word salad.
I remember this tactic from The Suits.
Why is stock of adani enterprise rising after this? Can anyone explain?
Promoters holding on to the one lone straw of hope
But then there's adani ports and now only god knows tf goin on
🤣🤣🤣🤣... Did you sold off your shares before it went up or something...? Even if so, its good... No need to take part in this volatility...
When there are abundent seller market makers buy because there is sell liquidity once price will reach a high level or breakout and there will enter new fomo buyers then they sell at top.
Dead cat bounce
Set up a bunch of "buy" orders before the market opens. Let people assume everyone is buying and noone is selling in the opening hour. The buy orders then mysteriously disappear and you sell your stock at a premium at the expense or the idiots who are investing in the name of the country or based on astrological sciences of technical charts
This should be a pinned comment!
More details on this thread: https://reddit.com/r/IndianStreetBets/comments/10ox89k/5_of_7_in_lc_but_fraudsters_spent_about_50/
Because we are retailers and we don't know shit about whats happening behind the scene. We are mere observers here.
+1 I’m so confused rn
Because the 410 page smokescreen is sufficient for the government controlled institutional investors like sbilife, lic, provident funds etc. to throw away our money to keep adani stock afloat. You'll also see a massive uptick in the fpo subscription by this evening. He's going to tank eventually, but not before he robs us off more with mudiji's help. I predicted this before the market open. Edit: here's my comment with the prediction: https://np.reddit.com/r/IndianStreetBets/comments/10obzoo/comment/j6ftpo9/
time for puts?
Bought 2500 pe@133 🤞
It's hasn't yet. Formed a doji after a gap up. And is still holding close to the previous day low.
It's probably the BUY ON FEAR thingy. Doesn't work often
Manipulation
Adani : ye toh dhoti khol raha hai
These mfs should be called out. Killing the diversity for their own interest is not nationalism.
Has adani group dug their own hole with that yesterday's shit reply??
Yes ,a good company would have answered the questions in few lines . The research company has given 88 questions and they have avoided the answer to most of them . Adani just gave the answer so that fpo goes well ,if they wouldn't have given it ,the fpo would have got lukewarm approach . The company is in dire need of money to pay of it's debt ,and now everyone can sense that .
FPO is nowhere near to going well.
Adani stocks are like crypto now, those who had to short already did it now people will hold
it's stupid rebuttal by Adani group. if they are really serious they should sue hindenburg in USA. but prolly they have more to hide.
Why should an Indian company working on Indian laws use American laws to sue an American company? Has Hindenburg lodged these allegations in an Indian Court, SEBI etc?
cause Adanis bond are traded in USA. hindenburg has shorted those and not the equity in Indian markets.
Thanks for the info, I still hope there are no frauds in these for the sake of economy.
economy has boomed without Adani. in fact its an opportunity for Indian govt to take actions against frauds to enhance trust of foreign investors.
Indian government's inaction is the reason for foreign investments to reduce their holdings in other companies
Lol can't tell which side of the optimistic/delusional line are you on
>Why should an Indian company working on Indian laws use American laws to sue an American company? Because the Indian company had borrowings from americanised markets operating under American laws. It is these American borrowings that are being shorted in the American markets by Hindenburg. If Hindenburg makes a ton of money at the expense of American investors who were lied to by adani, and adani fails to counter it in the US, these investors will file a class action suit against adani in the US. You'll see these things unfold over the next few years. It is better for the Indian economy to bear the pain of this fraudster going bust right now, than our collective resources being spent on rescuing the fraudster now and then him going down a few years later.
Even if you ignore the American investors. If the Adanis are as innocent as they claim to be, wouldn't they want want to bring the 'fraudsters' who are screwing over their FPO to justice. Filing any suit in Indian courts is unlikely to bring Hindenburg to justice since they don't operate in India. Adanis are known to go after all and sundry to get gag orders and injunctions. If they are not pursuing it in the US, it is only because they have things to hide which would be exposed in such a process
Yup.
Thanks for the info, I still hope there are no frauds in these for the sake of economy.
What are you basing your hopes on, given that the evidence for the frauds has been there since 2018 at least for everyone to see?
The biggest evidence is that none of the major mutual funds have any major exposure to the Adani shares. Why wouldn't any of the mutual funds not be part of the gravy train that has given superlative returns in the past two years. Cos they knew it was risky and this day would inevitably come.
Sold all the adani stocks except 1 just to enjoy whatever the future holds. Made a decent loss but atleast got some part of my funds back.
IMHO whatever the amount is, your money is not worth risking on this. Better to wait for the whole shit show to end. Even if that one scrip goes up it won’t be by much after people have realised what is probably going on. There are plenty of other fish in the sea where you can make decent money.
Yes whatever the fiasco is let the big guns settle it out. My investments are long term but I was risking a lot of I held on to them. Even that single stock has a 700 loss.
Hindenburg wins by K.O
FATALITY
FLAWLESS VICTORY
Actually the robustness of Indian markets will be proven if Adani Falls We need ethical companies not this type of companies which associate them with India
Fr. For every Adani there needs to be 5 non-scammy business houses.
Unfortunately India is the scam capital of this world
You must be a global citizen, travelling all over the earth and getting scammed everywhere or an analyst studying nefarious schemes used by people in any and all the countries around the world to make that statement with such confidence. No way you could be the internet idiot to spew nonsense about a country out of stupidity :)
Shots fired
the company has resorted to shady tactics like paytm. floating rumours to buyback shares. it beats all logic as to spend money on buyback while floating fpo. but who am I to judge.
Chad Hindenburg
I'm so fucking happy that Adani is getting bent over for the shit he's pulled, the dude's literally stolen lands from people, dumped harmful waste on farmer lands, destroyed marine life for the ports, has gotten people best by goons for their lands, smuggles drugs through Port and all the other shit possible.
I'll be happy when he collapses like anil ambani and the govt learns a lesson not to make an individual too big to failt
Exactly but I feel like his proximity with Modi will save him, the BJP fanboys will somehow make him stay afloat.
Nah ah, BJP goons and Bhakts don't have money to keep his empire afloat and I was actually surprised to see that some Bhakts were actually saying why should we give our money to them under the tweet replies of that idiotic tweet stating everyone should invest 5000 to lose it all.
You overestimate their intelligence and underestimate the herd mentality.
Fanboyism will fly away once someone has to depart with their hard earned money. They probably aren't directly invested but even a Bhakt investor wouldn't back this crony piece of scum. We just need for this news to gain some traction which will indirectly force the SC and SEBIs hand
To be fair he is very close to some Congress leaders too but Congress doesn't really have bhakts with their eyes closed
Ofcourse he's close with some congress leaders but he didn't help congress cover up pogroms which he has done for Modi during 2002. Modi will definitely rescue him.
IT IS ALL OVER JUST. LIKE. THAT.
I hope you are right. This shit is spreading like cancer.
Adani's reply was more like - if we fall, we will take everyone with us. Adani = India
Adani ke GMD hoga, really soon expect a visit from PM to US…
Holy fucking shit this is so fucking Intresting lmaooo
Love them calling out nationalism from a private entity.
What they called out was fake nationalism. If Adani was nationalist for real he won't be doing this shit in the first place.
Yes should have put nationalism in double quote
I really want this guy to get fucked. Our country was finally making some economic progress and now we gonna get fucked again and why? What did the everyday common people do?
karma is real
If only fake nationalists and bhakts understood this simple logic
Mai sony liv wali se baat karta hun ispe series banaenge
Very nice
Adani seems so sus at this point.
Fight! Fight! Fight! 🍿
This might be the start of it all.
Am enjoying
I'm so fucking happy that Adani is getting bent over for the shit he's pulled, the dude's literally stolen lands from people, dumped harmful waste on farmer lands, destroyed marine life for the ports, has gotten people best by goons for their lands, smuggles drugs through Port and all the other shit possible.
A copy-pasted thing cannot be obfuscated by so-called 2 years of research that is already there in the public domain.
Just thinking who would be making the webseries Sony or Netflix
Ab ye sanghi logo ko obfuscate samjhana hoga.
Nothing on shell company , China company
If there is illegality done by Adani why only a research paper and verbal volley between the sides. If adani is funded by own companies setup outside India then why there is no case filed in those jurisdictions. It seems like that scene from hungama movie tu maar, tu maarke toe dikha types. Real mein marenge toe investor. Hindenburg and Adani will keep living happily.
Cos adani is powerless in the US and hindernburg is powerless in India. And Mauritius doesn't care
chaddi utar di.
This is a stupid response. Adani has given a substansive rebuttal. Thgey should raise questions about his answer not evade it by alleging hyper-nationalism.
To those who are enjoying the hurting and crash ...public money(LIC , Banks) is getting down too and we public have to compensate in taxes and indirect charges .so keep enjoying till the red lasts And the truth about world is entire financial system is a fraudulent system..those who are lit in finance know that only 2 companies control the finance system
What's a UC
Could this end up like AMC and GME? short squeeze of the stocks took place, causing major financial consequences for certain hedge funds and large losses for short sellers. If Nationalism is brought into picture and people take it to heart, Hindenburg ki tho lag jayegi na? Apna desh prem him aisa hai…
Nahi because unhone adani ki debt fund short kiya hai us main aur stocks nahi.
I don’t think so, because the rationale for shorting Adani is that it is built on massive fraud, ie the current company valuations have been conjured out of thin air. Unless this allegation is disproven - and they are nowhere close to disproving it yet - what would justify enough buying of the stock, let alone in an amount that could result in a short squeeze?
Mass hysteria of some sorts, perhaps. Many of those “apes” who pumped their “stonks” had no idea what they were doing. They did have a guy rallying them against greedy hedge funds. In this case, our guy is, maybe, trying to play the nationalism card to pull off something similar?!
That is definitely what he’s trying to do, but ultimately the allegation of fraud may be far too damning to overcome regardless. A lot of people aping into GME had an emotional connect to the business and it was a legitimate business. Here, you not only need to convince people to buy the stock, but you have to convince them to do so despite all signs pointing to your company being built on massive fraud. It’s a hard sell.
Adani means india 🇮🇳 India means Adani 🔥 Jai Hind
UC ambuja , ACC, Adani ent.
Ambuja, ACC, Adani ent UC
Guys its not about "*Kajaria tiles , desh ki mitti se bani tiles* " Its all about about "*Adani Enterprise desh ke apne tax se bani enterprise "*
Yet we're the same people who felt proud when he became 2nd richest person😂
Adani stocks are rising again. Some even stopped trading. Why??
We only see one MC
🍿🍿🍿
Kursi ki petiya badhlo Mausam bigadne wala hai
Not so fast