|From: singhtelecom (Rep: 959)||Date: 05/03/2018 22:55|
|Forum: Energous Corp - Msg #975||Thread #674007174 (Rec: 1) |
|Short-seller Chris Brown is not a believer in Energous’ technology. Energous “is a worthless equity,” he said at the “Kase Learning: The Art, Pain and Opportunity of Short Selling” conference in New York. “Energous is a fraud, one which is burning a lot of cash and will run out of money … We expect the stock will go to $0.” Brown said what the company claims will “break the laws of physics” and has safety issues. He also noted the high levels of insider selling from company management. “The company has no chance to make a commercially successful product,” he said. “The CEO pretty much lies all the time.” Brown is managing member of hedge fund Aristides Capital|
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