Not all companies out there are worth investing in and Sahm Adrangi is one of the top investors in the country today that is doing his duty to inform other investors and the general public of companies that are an issue. The latest company that has taken fire from Kerrisdale Capital, Sahm Adrangi’s investment company, is Proteostasis. This biotech firm has made claims recently that they have had great success developing a new drug for cystic fibrosis patients. So far, Proteostasis claims this drug will dramatically increase lung performance for patients.
In order to get to the bottom of whether or not these claims are good, Sahm Adrangi and Kerrisdale has done some digging into the biotech firm. Unfortunately, what Sahm has found is not so good for those who might be excited about this new drug. CFTR amplifier PTI-428 is what Proteostasis is calling their product, which Sahm is calling a drug cocktail. According to the report, Proteostasis only had four subjects for their testing, which means this was a very small scale test that cannot be accurately assessed based on the presented data. Not only is the data incomplete, but the results are messy and practically missing, which causes Sahm Adrangi to believe these statements are likely false or due to very poor testing procedures by the biotech company. The placebo test conducted found a drop in lung performance as well, meaning their statements that this drug can increase lung performance cannot be true.
Due to all of these concerns, Kerrisdale has taken the short position with Proteostasis. This means they will continue to profit as the stock value of Proteostasis drops, which it has already started doing since Kerrisdale’s negative report went public. This is mostly because of other investors that are keen to follow the advice of Sahm Adrangi, who happens to be a high-profile investor in the U.S. that regularly states his opinions on companies and calls them out for their shady practices. Sahm has an impressive track recordof success, couple that with hardly being wrong in his investments or arguments, most investors have started following in his footsteps.
When a company sets up a social media account, they have to have an idea as to what they would like to share on that account. The company with a Twitter account has to know what kind of Tweets they will be sending out and the kind of message that they would like to spread with their account. Market America has an active Twitter account. This company uses the account that they have to inspire all kinds of people and to help their followers be at their best. Market America is using their Twitter account for good.
In 1992, Market America was founded by former top Amway distributor JR Ridinger (real name, James Howard Ridinger) and his wife Loren. The company is headquartered in Greensboro, NC and employed over 650 employees as of 2010.Over the years, Market America has sold items such as auto care, electronics, apparel, water filtration systems, flowers, coffee, and oral hygiene through affiliations with outside companies that advertise and offer these items on the firm’s site. See This Page for additional information.
When a person accesses the Market America Twitter profile, they are met with inspiring words and messages that will push them forward. One of the Tweets on the account shares about the freedom that is found in being an entrepreneur. Another Tweet that is found on the account shares a message for individuals to chase their dreams rather than chase after money. The Tweets that are shared on the account are meant to push people to do their own thing and to live their lives in their own way. Market has messages for those who would like to work on their own.
The Market America is used to share information that is related to the company and all that it is doing. There is one Tweet that includes a recap of all of the presentations that were part of the company’s conference. Another Tweet shares a video from a speaker who was part of one of the company’s conferences. The Market America Twitter account is used to promote the company and to help those who are working for that company. The account seems to be around to help people of all kinds as they live out the lives that they want to live.