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Jems

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- JemsJems
  ·2021-11-04
  Great ariticle, would you like to share it?
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-11-03
  Should ban the US Senate and House memebers from trading too. #insidertrading
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-10-22
  Let's see if the share is still at this value in 6 months time
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-10-20
  When banks are supposed to be the line of defence against illegal activities, they are actively engaging in it. What a shame.
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-10-01
  Magic touch gone?
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-09-28
  Nice
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-09-16
  Sofi already hit $28 before..zz..
  非常抱歉，此主贴已删除
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- JemsJems
  ·2021-09-14
  Ok
  Support.com shares dropped more than 8% in morning trading
  Support.com shares dropped more than 8% in morning trading as its stock under more pressure with sho
  Support.com shares dropped more than 8% in morning trading
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- JemsJems
  ·2021-07-26
  Beware and do due research.
  A Space Company’s Wall Street Launch Misfires
  WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that i
  A Space Company’s Wall Street Launch Misfires
  917 6
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- JemsJems
  ·2021-06-30
  Ok
  May home sales rebound to highest level since 2005, shocking even the Realtors
  KEY POINTS Pending home sales surprised the experts, rising 8% in May Realtors point to lower mortg
  May home sales rebound to highest level since 2005, shocking even the Realtors
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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/848337256","repostId":"1158415982","repostType":4,"isVote":1,"tweetType":1,"viewCount":1262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841305380,"gmtCreate":1635875195281,"gmtModify":1635875195368,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Should ban the US Senate and House memebers from trading too. #insidertrading","listText":"Should ban the US Senate and House memebers from trading too. #insidertrading","text":"Should ban the US Senate and House memebers from trading too. #insidertrading","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/841305380","repostId":"1102714254","repostType":4,"isVote":1,"tweetType":1,"viewCount":1176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":851401236,"gmtCreate":1634917355411,"gmtModify":1634917355718,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Let's see if the share is still at this value in 6 months time","listText":"Let's see if the share is still at this value in 6 months time","text":"Let's see if the share is still at this value in 6 months time","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/851401236","repostId":"1125111938","repostType":4,"isVote":1,"tweetType":1,"viewCount":1033,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":859726472,"gmtCreate":1634737359276,"gmtModify":1634737359555,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"When banks are supposed to be the line of defence against illegal activities, they are actively engaging in it. What a shame.&nbsp;","listText":"When banks are supposed to be the line of defence against illegal activities, they are actively engaging in it. What a shame.&nbsp;","text":"When banks are supposed to be the line of defence against illegal activities, they are actively engaging in it. What a shame.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/859726472","repostId":"2176480452","repostType":4,"isVote":1,"tweetType":1,"viewCount":1021,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":864651157,"gmtCreate":1633099380913,"gmtModify":1633099381227,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Magic touch gone?","listText":"Magic touch gone?","text":"Magic touch gone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/864651157","repostId":"2172295185","repostType":4,"isVote":1,"tweetType":1,"viewCount":1386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862988932,"gmtCreate":1632829396973,"gmtModify":1632829397062,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/862988932","repostId":"2170138677","repostType":2,"isVote":1,"tweetType":1,"viewCount":1604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":885624640,"gmtCreate":1631788944980,"gmtModify":1631890443439,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Sofi already hit $28 before..zz..","listText":"Sofi already hit $28 before..zz..","text":"Sofi already hit $28 before..zz..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/885624640","repostId":"2167591230","repostType":4,"isVote":1,"tweetType":1,"viewCount":1064,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886778152,"gmtCreate":1631628493176,"gmtModify":1631890443449,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/886778152","repostId":"1117962011","repostType":4,"repost":{"id":"1117962011","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631627749,"share":"https://www.laohu8.com/m/news/1117962011?lang=&edition=full","pubTime":"2021-09-14 21:55","market":"us","language":"en","title":"Support.com shares dropped more than 8% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1117962011","media":"Tiger Newspress","summary":"Support.com shares dropped more than 8% in morning trading as its stock under more pressure with sho","content":"<p>Support.com shares dropped more than 8%&nbsp;in morning trading&nbsp;as&nbsp;its&nbsp;stock under more pressure with short interest topping 70%.</p>\n<p><img src=\"https://static.tigerbbs.com/a2d6df5a943b52e82f9bf97cb4841af7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Support.com shares dropped more than 8% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSupport.com shares dropped more than 8% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-14 21:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Support.com shares dropped more than 8%&nbsp;in morning trading&nbsp;as&nbsp;its&nbsp;stock under more pressure with short interest topping 70%.</p>\n<p><img src=\"https://static.tigerbbs.com/a2d6df5a943b52e82f9bf97cb4841af7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117962011","content_text":"Support.com shares dropped more than 8% in morning trading as its stock under more pressure with short interest topping 70%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800976289,"gmtCreate":1627274960341,"gmtModify":1631890443460,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Beware and do due research.","listText":"Beware and do due research.","text":"Beware and do due research.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/800976289","repostId":"1131638202","repostType":4,"repost":{"id":"1131638202","kind":"news","pubTimestamp":1627270717,"share":"https://www.laohu8.com/m/news/1131638202?lang=&edition=full","pubTime":"2021-07-26 11:38","market":"us","language":"en","title":"A Space Company’s Wall Street Launch Misfires","url":"https://stock-news.laohu8.com/highlight/detail?id=1131638202","media":"WSJ","summary":"WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that i","content":"<p>WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S. government, the Securities and Exchange Commission said.</p>\n<p>Had the company, Momentus Inc., filed for a traditional initial public offering, the bankers working on the deal could be liable for any misleading statements to investors. But it didn’t. It is attempting to go public by merging with a special-purpose acquisition company—a route that doesn’t require bankers to do full due diligence on the business breaking into public markets.</p>\n<p>While&nbsp;SPACs are hot, it isa route the SEC is trying to curb. The commission accused Momentus and its founder of fraud and its SPAC partner of negligence for not ferreting out the problems and disclosing them in regulatory filings and investor materials.</p>\n<p>“Those who stand to earn significant profits from a SPAC merger may conduct inadequate due diligence and mislead investors,” SEC Chairman Gary Gensler warned in announcing an enforcement action earlier this month that included a settlement order.</p>\n<p>Momentus agreed to pay $7 million and the SPAC,Stable Road Acquisition&nbsp;Corp., agreed to pay $1 million to settle the SEC probe, the agency said. The resolution didn’t require the companies to admit wrongdoing.</p>\n<p>The SEC alsosued the founderof Momentus, the Russian entrepreneur Mikhail Kokorich, in federal court. Mr. Kokorich denies the SEC’s allegations that he misled investors and his SPAC partner, and “believes his position will be vindicated,” said his attorney, Thomas Gorman.</p>\n<p>Momentus said it is “pleased to be closing this chapter” and looks forward to going public and providing value to shareholders. An attorney for Stable Road didn’t respond to requests for comment. The company, in a recent regulatory filing, said it conducted “extensive due diligence” on Momentus’s finances, technology and intellectual property.</p>\n<p>In a traditional IPO, bankers, lawyers and accountants exhaustively research the listing company, examining records to verify statements made to investors.</p>\n<p>“With a traditional IPO, the investment bank is involved, and it has to do thorough due diligence,” said Georges Ugeux, a lecturer at Columbia Law School and a former executive at the New York Stock Exchange. SPACs are supposed to conduct due diligence in mergers, he said, adding, “It’s not going to be as thorough.”</p>\n<p>SPACs raise capital, list on exchanges and then find merger targets. A SPAC typically has two years to complete an acquisition, or it must return the cash to shareholders, creating an incentive to get a deal done. Stable Road has until August to complete the merger with Momentus.</p>\n<p>The investment bankEvercoreInc.advised Momentus on its financial projections and negotiations with Stable Road. Evercore’s role was akin to the job a bank plays in a merger, providing financial advice to a company that is being acquired, Mr. Ugeux said. An Evercore spokesman declined to comment.</p>\n<p>Stable Road’s founders initially considered cannabis companies when they began hunting for a startup to take public. They launched talks with Momentus, initially valued at $1.8 billion, in July 2020, according to regulatory filings.</p>\n<p>Momentus, in a fall investment presentation, said its customers have included the National Aeronautics and Space Administration and government contractors such asLockheed MartinCorp.It plans to have SpaceX rockets carry Momentus’s smaller transport vehicles into space, according to the presentation and regulatory filings. Lockheed is no longer a customer, according to Momentus.</p>\n<p>Its propulsion technology to carry satellites from rockets and place them into orbit was unproven and a test in 2019 wasn’t successful under the company’s criteria, with the company losing contact with a demonstration satellite, which remains in space, the SEC said. A Russian Soyuz rocket carried the Momentus thruster into space, according to Momentus. The company told investors after the demonstration that it had been successful, the SEC said.</p>\n<p>Stable Road didn’t start its review of Momentus until a month before the merger was announced in October 2020, and a consultant hired by Stable Road to review Momentus’s technology didn’t evaluate the result of the test mission, the SEC said.</p>\n<p>Mr. Kokorich, who founded the space company in 2017, also misled investors and Stable Road about his national-security issues, the SEC alleged in its lawsuit.</p>\n<p>A unit of the Commerce Department denied Momentus’s application in March 2018 for an export-license for Mr. Kokorich to access the company’s propulsion technology after consulting the Defense and State departments because he “was not an ‘acceptable recipient’ of the technology ‘for national security reasons,’” the SEC said. The SEC filing didn’t elaborate on the Commerce Department’s decision.</p>\n<p>A month later the Committee on Foreign Investment in the U.S., a multiagency panel that screens deals for national-security risks, flagged Mr. Kokorich’s investment in a different space company and later suggested that he divest his stake, citing the sophistication of the company’s technology and unspecified concerns about him and other investors, the lawsuit said.</p>\n<p>U.S. Citizenship and Immigration Services soon revoked Mr. Kokorich’s work visa and denied his request for permanent resident status, according to the SEC. He later applied for political asylum, which was also denied. He now lives in Switzerland, according to the SEC.</p>\n<p>Mr. Kokorich resigned as chief executive in January, a few days after the Defense Department told Momentus that his ownership and control of the company posed a national-security risk.</p>\n<p>Momentus and Stable Road are still seeking shareholder approval next month for their merger. Momentus’s value has been reduced to $566 million, according to securities filings. Private investors pulled $118 million from the deal after the SEC enforcement action was announced, but the company has raised funds from new investors, regulatory filings show.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A Space Company’s Wall Street Launch Misfires</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Space Company’s Wall Street Launch Misfires\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 11:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/a-space-companys-wall-street-launch-misfires-11627228802?mod=hp_lead_pos5><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its ...</p>\n\n<a href=\"https://www.wsj.com/articles/a-space-companys-wall-street-launch-misfires-11627228802?mod=hp_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/a-space-companys-wall-street-launch-misfires-11627228802?mod=hp_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131638202","content_text":"WASHINGTON—A space-transportation company trying to go public didn’t tell potential investors that its satellite-hauling technology failed, that it lost contact with a satellite in space and that its Russian founder had been deemed a national-security risk by the U.S. government, the Securities and Exchange Commission said.\nHad the company, Momentus Inc., filed for a traditional initial public offering, the bankers working on the deal could be liable for any misleading statements to investors. But it didn’t. It is attempting to go public by merging with a special-purpose acquisition company—a route that doesn’t require bankers to do full due diligence on the business breaking into public markets.\nWhile SPACs are hot, it isa route the SEC is trying to curb. The commission accused Momentus and its founder of fraud and its SPAC partner of negligence for not ferreting out the problems and disclosing them in regulatory filings and investor materials.\n“Those who stand to earn significant profits from a SPAC merger may conduct inadequate due diligence and mislead investors,” SEC Chairman Gary Gensler warned in announcing an enforcement action earlier this month that included a settlement order.\nMomentus agreed to pay $7 million and the SPAC,Stable Road Acquisition Corp., agreed to pay $1 million to settle the SEC probe, the agency said. The resolution didn’t require the companies to admit wrongdoing.\nThe SEC alsosued the founderof Momentus, the Russian entrepreneur Mikhail Kokorich, in federal court. Mr. Kokorich denies the SEC’s allegations that he misled investors and his SPAC partner, and “believes his position will be vindicated,” said his attorney, Thomas Gorman.\nMomentus said it is “pleased to be closing this chapter” and looks forward to going public and providing value to shareholders. An attorney for Stable Road didn’t respond to requests for comment. The company, in a recent regulatory filing, said it conducted “extensive due diligence” on Momentus’s finances, technology and intellectual property.\nIn a traditional IPO, bankers, lawyers and accountants exhaustively research the listing company, examining records to verify statements made to investors.\n“With a traditional IPO, the investment bank is involved, and it has to do thorough due diligence,” said Georges Ugeux, a lecturer at Columbia Law School and a former executive at the New York Stock Exchange. SPACs are supposed to conduct due diligence in mergers, he said, adding, “It’s not going to be as thorough.”\nSPACs raise capital, list on exchanges and then find merger targets. A SPAC typically has two years to complete an acquisition, or it must return the cash to shareholders, creating an incentive to get a deal done. Stable Road has until August to complete the merger with Momentus.\nThe investment bankEvercoreInc.advised Momentus on its financial projections and negotiations with Stable Road. Evercore’s role was akin to the job a bank plays in a merger, providing financial advice to a company that is being acquired, Mr. Ugeux said. An Evercore spokesman declined to comment.\nStable Road’s founders initially considered cannabis companies when they began hunting for a startup to take public. They launched talks with Momentus, initially valued at $1.8 billion, in July 2020, according to regulatory filings.\nMomentus, in a fall investment presentation, said its customers have included the National Aeronautics and Space Administration and government contractors such asLockheed MartinCorp.It plans to have SpaceX rockets carry Momentus’s smaller transport vehicles into space, according to the presentation and regulatory filings. Lockheed is no longer a customer, according to Momentus.\nIts propulsion technology to carry satellites from rockets and place them into orbit was unproven and a test in 2019 wasn’t successful under the company’s criteria, with the company losing contact with a demonstration satellite, which remains in space, the SEC said. A Russian Soyuz rocket carried the Momentus thruster into space, according to Momentus. The company told investors after the demonstration that it had been successful, the SEC said.\nStable Road didn’t start its review of Momentus until a month before the merger was announced in October 2020, and a consultant hired by Stable Road to review Momentus’s technology didn’t evaluate the result of the test mission, the SEC said.\nMr. Kokorich, who founded the space company in 2017, also misled investors and Stable Road about his national-security issues, the SEC alleged in its lawsuit.\nA unit of the Commerce Department denied Momentus’s application in March 2018 for an export-license for Mr. Kokorich to access the company’s propulsion technology after consulting the Defense and State departments because he “was not an ‘acceptable recipient’ of the technology ‘for national security reasons,’” the SEC said. The SEC filing didn’t elaborate on the Commerce Department’s decision.\nA month later the Committee on Foreign Investment in the U.S., a multiagency panel that screens deals for national-security risks, flagged Mr. Kokorich’s investment in a different space company and later suggested that he divest his stake, citing the sophistication of the company’s technology and unspecified concerns about him and other investors, the lawsuit said.\nU.S. Citizenship and Immigration Services soon revoked Mr. Kokorich’s work visa and denied his request for permanent resident status, according to the SEC. He later applied for political asylum, which was also denied. He now lives in Switzerland, according to the SEC.\nMr. Kokorich resigned as chief executive in January, a few days after the Defense Department told Momentus that his ownership and control of the company posed a national-security risk.\nMomentus and Stable Road are still seeking shareholder approval next month for their merger. Momentus’s value has been reduced to $566 million, according to securities filings. Private investors pulled $118 million from the deal after the SEC enforcement action was announced, but the company has raised funds from new investors, regulatory filings show.","news_type":1},"isVote":1,"tweetType":1,"viewCount":917,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151307720,"gmtCreate":1625063117160,"gmtModify":1631890443470,"author":{"id":"3570400002121413","authorId":"3570400002121413","name":"Jems","avatar":"https://static.tigerbbs.com/df92bb46e59bc93fe485730ea2188b61","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3570400002121413","idStr":"3570400002121413"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/151307720","repostId":"1137680554","repostType":4,"repost":{"id":"1137680554","kind":"news","pubTimestamp":1625061646,"share":"https://www.laohu8.com/m/news/1137680554?lang=&edition=full","pubTime":"2021-06-30 22:00","market":"us","language":"en","title":"May home sales rebound to highest level since 2005, shocking even the Realtors","url":"https://stock-news.laohu8.com/highlight/detail?id=1137680554","media":"CNBC","summary":"KEY POINTS\n\nPending home sales surprised the experts, rising 8% in May\nRealtors point to lower mortg","content":"<div>\n<p>KEY POINTS\n\nPending home sales surprised the experts, rising 8% in May\nRealtors point to lower mortgage rates for some of the sales gains.\nPending sales were strongest in the Northeast and West.\n\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/30/may-home-sales-rebound-to-highest-level-since-2005.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>May home sales rebound to highest level since 2005, shocking even the Realtors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMay home sales rebound to highest level since 2005, shocking even the Realtors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/30/may-home-sales-rebound-to-highest-level-since-2005.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nPending home sales surprised the experts, rising 8% in May\nRealtors point to lower mortgage rates for some of the sales gains.\nPending sales were strongest in the Northeast and West.\n\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/30/may-home-sales-rebound-to-highest-level-since-2005.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/30/may-home-sales-rebound-to-highest-level-since-2005.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137680554","content_text":"KEY POINTS\n\nPending home sales surprised the experts, rising 8% in May\nRealtors point to lower mortgage rates for some of the sales gains.\nPending sales were strongest in the Northeast and West.\n\nThe pandemic-induced housing boom may not be over quite yet. Despite recent months of softening sales, buyers came back remarkably strongly in May.\nPending home sales, a measure of signed contracts on existing homes, jumped an unexpectedly high 8% in May compared with April, according to the National Association of Realtors. Analysts expected a 1% drop. This is the highest level of sales activity for May since 2005.\nSales were up 13% from May of 2020, when the housing market was just beginning to come back from the coronavirus lockdown. Pending contracts are a forward-looking indicator of closed home sales.\n“May’s strong increase in transactions – following April’s decline, as well as a sudden erosion in home affordability – was indeed a surprise,” said Lawrence Yun, NAR’s chief economist. “The housing market is attracting buyers due to the decline in mortgage rates, which fell below 3%, and from an uptick in listings.”\nAfter falling quite sharply in April, the average on the 30-year fixed hovered in a tight range throughout May, giving some buyers at least a little relief on potential monthly payments.\nBut sky-high home prices have been a major concern. In April, the much watched S&P Case-Shiller National Home Price Index was up over 14% year over year, the largest gain in its 30-year history.\nThe Realtors report even higher gains in the median home price, some of which is skewed due to the fact that more of the sales activity is happening on the higher end of the market, where listings are more plentiful. The low end of the market is barely budging, as first-time buyers struggle for meager listings. Investors, the majority of whom use cash, are also more prevalent at the lower end of the market.\n“While these hurdles have contributed to pricing out some would-be buyers, the record-high aggregate wealth in the country from the elevated stock market and rising home prices are evidently providing funds for home purchases,” Yun said.\nRegionally, pending home sales jumped 15.5% in the Northeast month-to-month. In the Midwest, sales rose 6.7%. Sales in the South rose 4.9% from April. In the West, they rose 10.9%.\nTight supply of existing homes has been a major factor, but that supply did rise slightly in May compared with April, although it was still historically low. Supply of existing homes is about 20% below year-ago levels. Homebuilders have also not been ramping up production as quickly as the market is demanding.\nSales of newly built homes in May, which are also measured by signed contracts, fell nearly 6% from April, as builders continued to raise prices. The median price of a newly built home sold in May was up 18%, according to the U.S. Census. Builders have seen soaring costs for land, labor and materials. While the price of lumber has come down dramatically in the last month, it is still well above pre-pandemic levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}