Conor Yang, CFO of EHang refutes allegations made in a recent Hindenburg Research report, saying the issuance of the 'type certificate' by China's aviation authority has increased demand for the company's flying taxis.
Great clarification. People familiar with Ehang would immediately have understood that the Hindenburg report was full of holes and wrong assumptions at best and blatant stock manipulation at worst
Ehang is just a paid pawn. Anybody with the IQ level of a high-school kid would know that Adani has fielded many shell companies to route its unaccounted money into the market for rigging stock prices and manipulation. SAME REASON WHY SO MANY OF ITS STOCKS (except Adani Power) TRADE AT EXCEPTIONALLY HIGH PEs. PE> 100 in some cases even > 200. To top it all LIC and SBI MF will be made to fund such bogus stocks because supreme leader has control of these "agencies." Just look at so many bogus companies - many rcvd investments from LIC/SBI. So now that these PEs raised eyebrows GQG a front for ADANI and many such pawn firms have started rigging prices of other stocks which are also trading at PE>100. This would make ppl believe that such PEs are not so unusual. All this has led the whole market to get into an unrealistic valuation zone which would ultimately crash when all the savings go in or there is a recession. May be anywhere between 3-5 yrs. GQG started investing $50 bn but if u visited their office a few yrs ago you'd probably figure out tht it isn't a genuine firm. Barely 7-8 ppl in office incl. doorman and chauffeur and less than that on Linkedin.
