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    Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD

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    ubiquitiubnt
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    • I
      IRJ
      last edited by

      I also love how she used the Hurricane as a reason to reach out as a sales person.

      Because the day after a hurricane hits, you want to reach out to a sales person about buying security software....

      1 Reply Last reply Reply Quote 3
      • S
        StorageNinja Vendor @scottalanmiller
        last edited by

        @scottalanmiller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

        @momurda said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

        Short sellers typically don't own the stock they are selling.

        In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned (usually borrowed), and subsequently repurchasing them ("covering"). In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase.

        Yes, but you can't remove that part of the market. All investing is investing "against" something. You can't isolate certain types and limit it. Forcing people to only invest in growth and never in shrinkage is a huge problem.

        I took out options against Nutanix after IPO because I thought they were overvalued. I made money. Inversely someone thought it was going up and took the opposite position. What exactly is unethical about what I did? It was a business contract between me and the other party in the option.

        1 Reply Last reply Reply Quote 1
        • S
          StorageNinja Vendor
          last edited by

          Ahhhh He's claiming Channel Stuffing"

          Ubiquiti's financials don't reconcile with its distributors

          Anyone who's done corporate ethics training at a vendor will recognize what he's making allegations of (to be fair, EMC did this with VCE by shipping VMAX's across the street at end of quarter to recognize the revenue before they made it to a real customer as VCE was a customer of EMC).

          1 Reply Last reply Reply Quote 0
          • R
            RojoLoco @IRJ
            last edited by

            @irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

            0_1505930015968_761e42be-6c8e-479f-aaad-d40f57be4a7d-image.png

            Damn... she's hot. Is she available?

            M 1 Reply Last reply Reply Quote 0
            • M
              MattSpeller @RojoLoco
              last edited by

              @rojoloco best have your wallet ready

              R I 3 Replies Last reply Reply Quote 3
              • R
                RojoLoco @MattSpeller
                last edited by

                @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                @rojoloco best have your wallet ready

                Shiiiii-yuhhhhhhh..... I'll use my +10 "charming-ass mafacka" power on her... set <talk> to <smooth>....

                watch this.....

                I 1 Reply Last reply Reply Quote 1
                • R
                  RojoLoco @MattSpeller
                  last edited by

                  @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                  @rojoloco best have your wallet ready

                  ...play her a little Lovage....

                  Youtube Video

                  .... and it's oooonnnnnnnn....... 😉

                  1 Reply Last reply Reply Quote 0
                  • I
                    IRJ @MattSpeller
                    last edited by

                    @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                    @rojoloco best have your wallet ready

                    Our roads are flooded, no traffic lights are working, gas and water are not available, but I damn sure want to focus on looking at a new security vendor.

                    C 1 Reply Last reply Reply Quote 1
                    • I
                      IRJ @RojoLoco
                      last edited by

                      @rojoloco said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                      @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                      @rojoloco best have your wallet ready

                      Shiiiii-yuhhhhhhh..... I'll use my +10 "charming-ass mafacka" power on her... set <talk> to <smooth>....

                      watch this.....

                      walks away with 10,000 licenses to some software he doesn't need...

                      R 1 Reply Last reply Reply Quote 1
                      • R
                        RojoLoco @IRJ
                        last edited by

                        @irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                        @rojoloco said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                        @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                        @rojoloco best have your wallet ready

                        Shiiiii-yuhhhhhhh..... I'll use my +10 "charming-ass mafacka" power on her... set <talk> to <smooth>....

                        watch this.....

                        walks away with 10,000 licenses to some software he doesn't need...

                        ...You guys want the link to the Tumblr page where Amy Sweet got nekkid?

                        1 Reply Last reply Reply Quote 1
                        • C
                          coliver @IRJ
                          last edited by

                          @irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                          @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                          @rojoloco best have your wallet ready

                          Our roads are flooded, no traffic lights are working, gas and water are not available, but I damn sure want to focus on looking at a new security vendor.

                          I mean... she gave you the picture not much effort at that point.

                          I 1 Reply Last reply Reply Quote 0
                          • jmooreJ
                            jmoore @IRJ
                            last edited by

                            @irj Oh I got one of these too I get emails from.

                            0_1505953589242_tempgirl.PNG

                            Yeah they are the only ones with a profile picture like that

                            C 1 Reply Last reply Reply Quote 1
                            • C
                              coliver @jmoore
                              last edited by

                              @jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                              @irj Oh I got one of these too I get emails from.

                              0_1505953589242_tempgirl.PNG

                              Yeah they are the only ones with a profile picture like that

                              Man she looks like she's being held hostage with that picture.

                              jmooreJ I 2 Replies Last reply Reply Quote 2
                              • jmooreJ
                                jmoore @coliver
                                last edited by

                                @coliver yeah she changed it recently. Previous one was better though it was in a mirror so you could see her phone and her taking a selfie lol

                                1 Reply Last reply Reply Quote 0
                                • I
                                  IRJ @coliver
                                  last edited by

                                  @coliver said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                                  @jmoore said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                                  @irj Oh I got one of these too I get emails from.

                                  0_1505953589242_tempgirl.PNG

                                  Yeah they are the only ones with a profile picture like that

                                  Man she looks like she's being held hostage with that picture.

                                  She really does look like somebody is holding a gun off screen...

                                  1 Reply Last reply Reply Quote 0
                                  • I
                                    IRJ @coliver
                                    last edited by

                                    @coliver said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                                    @irj said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                                    @mattspeller said in Notorious Short-seller labels Ubiquiti Networks $UBNT as FRAUD:

                                    @rojoloco best have your wallet ready

                                    Our roads are flooded, no traffic lights are working, gas and water are not available, but I damn sure want to focus on looking at a new security vendor.

                                    I mean... she gave you the picture not much effort at that point.

                                    huh?

                                    1 Reply Last reply Reply Quote 0
                                    • DustinB3403D
                                      DustinB3403
                                      last edited by

                                      Is there any additional information on this, or has anything new come to light?

                                      zachary715Z 2 Replies Last reply Reply Quote 0
                                      • zachary715Z
                                        zachary715 @DustinB3403
                                        last edited by

                                        Seeking Alpha has covered Ubiquiti pretty well since then. They aren't fond of the way the CEO has handled the allegations as well as other areas of the company, but ultimately they, like many others, don't see the ultimate fraud that Citron claims to see.

                                        https://seekingalpha.com/article/4109829-baffling-investor-day-ubiquiti-board-needs-take-action

                                        https://seekingalpha.com/article/4111349-ubiquiti-networks-sound-company-unorthodox-business-model

                                        In other news, Citron apparently has chosen their next victim... Shopify. Has made some pretty bold claims against them as the new Herbalife (If you haven't seen the documentary about Herbalife "Betting on Zero" you should). It seems to me like Citron is really trying to capitalize on their 15 secs of fame.

                                        1 Reply Last reply Reply Quote 1
                                        • zachary715Z
                                          zachary715 @DustinB3403
                                          last edited by

                                          There are still concerns and questions about the CEO and his commitment and focus, especially as he reportedly is looking to take a majority stake in an NBA team soon. From an investor standpoint, disregarding Citron's fraud accusations, it's a concern, however doesn't ultimately affect the products.

                                          bigbearB 1 Reply Last reply Reply Quote 0
                                          • DustinB3403D
                                            DustinB3403
                                            last edited by

                                            I found the seekingalpha website, but I've never heard of them before looking into this topic today. It does seem that the CEO is a bit off of his rocker / not ideally suited for the role in which he is in.

                                            zachary715Z 1 Reply Last reply Reply Quote 0
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