Why LongFin Corp. Stock Rocketed Higher Today [The Motley Fool]
LONGFIN CORP A (LFIN)
US:NASDAQ Investor Relations:
nasdaq.com/symbol/lfin/historical
Company Research
Source: The Motley Fool
The CEO defended the company on CNBC. Timothy Green ( TMFBargainBin ) Apr 5, 2018 at 12:53PM What happened Shares of LongFin Corp. ( NASDAQ:LFIN ) soared on Thursday following a crash on Tuesday due to an SEC investigation and the disclosure of weak internal controls. LongFin CEO Venkat Meenavalli made an appearance on CNBC on Wednesday, which could be what's driving up the stock. Shares of LongFin were up 72% at 12:15 p.m. EDT. So what On CNBC's Fast Money , Meenavalli said that he's not going to sell [for] the next three years. The CEO complained about short-selling, saying that he is fighting $1.4 billion in bets against the stock. Image source: Getty Images. Meenavalli also claimed that he would write the SEC and FINRA regarding this heavy short-selling. We got information, we have a special investigation, he said. Speaking abo
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