• اردو
  • हिंदी
  • 中文
Tuesday, January 19, 2021
  • Login
No Result
View All Result
NEWSLETTER
The Greater Post
9 °c
London
9 ° Wed
5 ° Thu
3 ° Fri
3 ° Sat
  • Home
  • World
  • Asia
    • All
    • China
    • India
    • Pakistan

    Mike Pence breaks with Donald Trump, rejecting his bid to overturn election results

    EU deal is a milestone for China’s globalisation that can help build a new world economic order

    Three boys killed in hand grenade explosion in Peshawar

    Three boys killed in hand grenade explosion in Peshawar

    NYSE reverses course again with plan to delist Chinese telecoms firms

    NYSE reverses course again with plan to delist Chinese telecoms firms

    Foreign medical graduates surround PMC against move to blacklist universities

    Foreign medical graduates surround PMC against move to blacklist universities

    Fazlur Rehman says PDM will hold demonstration in Islamabad, start million march in Karachi

    Fazlur Rehman says PDM will hold demonstration in Islamabad, start million march in Karachi

    Conjoined twins get new lease on life after successful separation surgery in Karachi

    Conjoined twins get new lease on life after successful separation surgery in Karachi

    Coronavirus: Chinese researchers’ device may detect infection in 10 minutes

    Karachi’s famous Burnes Road closes for vehicles from January 10

    Karachi’s famous Burnes Road closes for vehicles from January 10

  • Politics
  • Opinions
  • Business
  • Science
  • Tech
    LIVE: Outbreaks of violence on Capitol Hill force both chambers of Congress to go into recess

    LIVE: Outbreaks of violence on Capitol Hill force both chambers of Congress to go into recess

    Roku climbs as the streaming company breaks the 50 million active account milestone

    Roku climbs as the streaming company breaks the 50 million active account milestone

    Obama says John Lewis is ‘smiling down’ on Georgia as he congratulates Warnock for his Senate win

    Obama says John Lewis is ‘smiling down’ on Georgia as he congratulates Warnock for his Senate win

    How to create a chart or graph in Google Sheets to get a visual display of your data

    How to create a chart or graph in Google Sheets to get a visual display of your data

    DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York

    DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York

    Mitch McConnell gave an extraordinary speech skewering Trump’s efforts to overturn the election

    Mitch McConnell gave an extraordinary speech skewering Trump’s efforts to overturn the election

  • Sports
    • All
    • Basketball
    • Cricket
    • Football
    • UFC

    UFC Fight Island 8 weigh-in video

    UFC’s Warlley Alves stepped out of comfort zone after realizing he became ‘mediocre athlete’

    Video: Lerone Murphy ‘in no rush,’ but hopes to earn opportunity to face vets like Cub Swanson in the future

    Video: Punahele Soriano admits it felt good to shut up ‘turds’ on social media with UFC Fight Island 7 KO

    UFC 257 video: Cold open previews Conor McGregor and Dustin Poirier preparing to go to war

    UFC pioneer Paul Varelans dies at 51 following battle with COVID-19

    Feeling ‘like a new man’ after knee surgery, Michael Chiesa believes Neil Magny is ‘a good showcase fight for me’

    Feeling ‘like a new man’ after knee surgery, Michael Chiesa believes Neil Magny is ‘a good showcase fight for me’

    Max Holloway explains mid-fight shout at Calvin Kattar, channeling Muhammad Ali

    UFC Fight Island 7 medical suspensions: Calvin Kattar faces potentially lengthy layoff after loss to Max Holloway

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Phoebe Dynevor Reveals What It’s Really Like Watching Bridgerton With Her Family

    Phoebe Dynevor Reveals What It’s Really Like Watching Bridgerton With Her Family

    Joel Kinnaman and Victoria’s Secret Model Kelly Gale Are Engaged

    Joel Kinnaman and Victoria’s Secret Model Kelly Gale Are Engaged

    Ben Affleck and Ana de Armas Split: Look Back at Their Whirlwind Romance

    Ben Affleck and Ana de Armas Split: Look Back at Their Whirlwind Romance

    Caitlyn Jenner Says She’s “Too Controversial” For the Trans Community

    Caitlyn Jenner Says She’s “Too Controversial” For the Trans Community

    Armie Hammer Apologizes for Referring to Woman in Leaked Video as “Miss Cayman”

    Armie Hammer Apologizes for Referring to Woman in Leaked Video as “Miss Cayman”

    Critics’ Choice Awards 2021: The Complete List of TV Nominations

    Critics’ Choice Awards 2021: The Complete List of TV Nominations

    Tom Brady Throws Touchdown Pass to Drew Brees’ Son in Moving Post-Game Moment

    Tom Brady Throws Touchdown Pass to Drew Brees’ Son in Moving Post-Game Moment

    Chrissy Teigen Sets the Record Straight on “Misinterpreted” Horse Tweet

    Chrissy Teigen Sets the Record Straight on “Misinterpreted” Horse Tweet

    Ben Affleck and Ana de Armas Break Up After Less Than a Year of Dating

    Ben Affleck and Ana de Armas Break Up After Less Than a Year of Dating

  • Home
  • World
  • Asia
    • All
    • China
    • India
    • Pakistan

    Mike Pence breaks with Donald Trump, rejecting his bid to overturn election results

    EU deal is a milestone for China’s globalisation that can help build a new world economic order

    Three boys killed in hand grenade explosion in Peshawar

    Three boys killed in hand grenade explosion in Peshawar

    NYSE reverses course again with plan to delist Chinese telecoms firms

    NYSE reverses course again with plan to delist Chinese telecoms firms

    Foreign medical graduates surround PMC against move to blacklist universities

    Foreign medical graduates surround PMC against move to blacklist universities

    Fazlur Rehman says PDM will hold demonstration in Islamabad, start million march in Karachi

    Fazlur Rehman says PDM will hold demonstration in Islamabad, start million march in Karachi

    Conjoined twins get new lease on life after successful separation surgery in Karachi

    Conjoined twins get new lease on life after successful separation surgery in Karachi

    Coronavirus: Chinese researchers’ device may detect infection in 10 minutes

    Karachi’s famous Burnes Road closes for vehicles from January 10

    Karachi’s famous Burnes Road closes for vehicles from January 10

  • Politics
  • Opinions
  • Business
  • Science
  • Tech
    LIVE: Outbreaks of violence on Capitol Hill force both chambers of Congress to go into recess

    LIVE: Outbreaks of violence on Capitol Hill force both chambers of Congress to go into recess

    Roku climbs as the streaming company breaks the 50 million active account milestone

    Roku climbs as the streaming company breaks the 50 million active account milestone

    Obama says John Lewis is ‘smiling down’ on Georgia as he congratulates Warnock for his Senate win

    Obama says John Lewis is ‘smiling down’ on Georgia as he congratulates Warnock for his Senate win

    How to create a chart or graph in Google Sheets to get a visual display of your data

    How to create a chart or graph in Google Sheets to get a visual display of your data

    DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York

    DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York

    Mitch McConnell gave an extraordinary speech skewering Trump’s efforts to overturn the election

    Mitch McConnell gave an extraordinary speech skewering Trump’s efforts to overturn the election

  • Sports
    • All
    • Basketball
    • Cricket
    • Football
    • UFC

    UFC Fight Island 8 weigh-in video

    UFC’s Warlley Alves stepped out of comfort zone after realizing he became ‘mediocre athlete’

    Video: Lerone Murphy ‘in no rush,’ but hopes to earn opportunity to face vets like Cub Swanson in the future

    Video: Punahele Soriano admits it felt good to shut up ‘turds’ on social media with UFC Fight Island 7 KO

    UFC 257 video: Cold open previews Conor McGregor and Dustin Poirier preparing to go to war

    UFC pioneer Paul Varelans dies at 51 following battle with COVID-19

    Feeling ‘like a new man’ after knee surgery, Michael Chiesa believes Neil Magny is ‘a good showcase fight for me’

    Feeling ‘like a new man’ after knee surgery, Michael Chiesa believes Neil Magny is ‘a good showcase fight for me’

    Max Holloway explains mid-fight shout at Calvin Kattar, channeling Muhammad Ali

    UFC Fight Island 7 medical suspensions: Calvin Kattar faces potentially lengthy layoff after loss to Max Holloway

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Phoebe Dynevor Reveals What It’s Really Like Watching Bridgerton With Her Family

    Phoebe Dynevor Reveals What It’s Really Like Watching Bridgerton With Her Family

    Joel Kinnaman and Victoria’s Secret Model Kelly Gale Are Engaged

    Joel Kinnaman and Victoria’s Secret Model Kelly Gale Are Engaged

    Ben Affleck and Ana de Armas Split: Look Back at Their Whirlwind Romance

    Ben Affleck and Ana de Armas Split: Look Back at Their Whirlwind Romance

    Caitlyn Jenner Says She’s “Too Controversial” For the Trans Community

    Caitlyn Jenner Says She’s “Too Controversial” For the Trans Community

    Armie Hammer Apologizes for Referring to Woman in Leaked Video as “Miss Cayman”

    Armie Hammer Apologizes for Referring to Woman in Leaked Video as “Miss Cayman”

    Critics’ Choice Awards 2021: The Complete List of TV Nominations

    Critics’ Choice Awards 2021: The Complete List of TV Nominations

    Tom Brady Throws Touchdown Pass to Drew Brees’ Son in Moving Post-Game Moment

    Tom Brady Throws Touchdown Pass to Drew Brees’ Son in Moving Post-Game Moment

    Chrissy Teigen Sets the Record Straight on “Misinterpreted” Horse Tweet

    Chrissy Teigen Sets the Record Straight on “Misinterpreted” Horse Tweet

    Ben Affleck and Ana de Armas Break Up After Less Than a Year of Dating

    Ben Affleck and Ana de Armas Break Up After Less Than a Year of Dating

No Result
View All Result
The Greater Post
No Result
View All Result
Home Tech

Loop Industries plunges 22% after a short-seller accused its patented plastic-recycling technology of being ‘very misleading’

newsdesk by newsdesk
December 16, 2020
in Tech
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter
trader surprised shocked upset

Reuters / Brendan McDermid

  • Loop Industries' shares fell 22% on Tuesday after Hindenburg Research alleged the company's plastic-recycling technology is highly misleading.
  • The short-seller blasted Loop's independent review for using the word "pure" loosely and for not providing any details on the economic viability of its technological process.
  • "Information on purity without cost and yield is incomplete to the point of being irrelevant," Hindenburg said.
  • A chemistry specialist concluded that it would be wrong to declare Loop's process as efficient and cost-effective based on the information provided in its review.
  • Visit Business Insider's homepage for more stories.

Shares in plastic-recycler Loop Industries plummeted 22% on Tuesday after short-seller Hindenburg accused the company of misleading investors over its patented technology.

Loop released an independent review of its process on Monday that Hindenburg said indirectly confirms the ineffectiveness of its so-called pure PET plastics made from "100% recycled content."

Although the review was meant to highlight the effectiveness of Loop's technology, a disclaimer at the end of the filing states the verification was not intended to validate the yields, or economic viability of the process. That, Hindenburg said, shows its analysis was largely meaningless.

"Information on purity without cost and yield is incomplete to the point of being irrelevant," the report said. Hindenburg said a former Loop employee substantiated that claim, by saying the review means nothing if quantitative aspects of the process are absent.

Read More: A JPMorgan income fund manager shares 12 high-dividend stocks set to gain from a broad cyclical recovery – and unpacks the strategy he uses to beat 93% of his peers

The short-seller called out Loop for using the word "pure" too often in its review. In Loop's second-quarter SEC filing, the company claims its recycling process has "consistently high monomer yields, excellent purity, and improved conversion costs."

Hindenburg noted another veteran chemistry specialist saying that Loop's independent review was "non-technical marketing material" and "very misleading." He concluded that it is wrong to declare Loop's process as efficient and cost-effective based on the information provided in its review.

Hindenburg published a report in October that stated Loop's "revolutionary" technology inflates its real capabilities. That sent the company's shares lower by 39% at the time. The short-seller has also called out EV-makers Nikola and Chinese automaker Kandi for misleading investors.

Loop Industries did not immediately respond to Business Insider's request for comment.

Read Hindenburg Research's full report on Loop here.

Read More: Garvin Jabusch and Jeremy Deems doubled their portfolio this year by buying Moderna early. They shared 3 other biotech stocks poised to solve future outbreaks – and explained why they're still bullish on the COVID-19-vaccine maker.

Read the original article on Business InsiderClick Here For Original Article

newsdesk

newsdesk

Related Posts

LIVE: Outbreaks of violence on Capitol Hill force both chambers of Congress to go into recess

LIVE: Outbreaks of violence on Capitol Hill force both chambers of Congress to go into recess

by newsdesk
January 6, 2021
0

Vice President Mike Pence finishes a swearing-in ceremony for senators in the Old Senate Chamber at the Capitol in Washington,...

Roku climbs as the streaming company breaks the 50 million active account milestone

Roku climbs as the streaming company breaks the 50 million active account milestone

by newsdesk
January 6, 2021
0

Roku shares climb as the company passes the 50 million active account figure. Sean Locke / EyeEm / Getty Images...

Obama says John Lewis is ‘smiling down’ on Georgia as he congratulates Warnock for his Senate win

Obama says John Lewis is ‘smiling down’ on Georgia as he congratulates Warnock for his Senate win

by newsdesk
January 6, 2021
0

Former President Barack Obama speaks during a drive in campaign rally with Democratic presidential nominee Joe Biden at Belle Isle...

How to create a chart or graph in Google Sheets to get a visual display of your data

How to create a chart or graph in Google Sheets to get a visual display of your data

by newsdesk
January 6, 2021
0

You can easily create a graph in Google Sheets to get a visual display of your data. Once added, you...

DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York

DraftKings leaps 9% after Gov. Cuomo announces plan to authorize mobile sports betting in New York

by newsdesk
January 6, 2021
0

Associated Press DraftKings soared as much as 8.8% on Wednesday after New York Gov. Andrew Cuomo unveiled legislation backing mobile...

Mitch McConnell gave an extraordinary speech skewering Trump’s efforts to overturn the election

Mitch McConnell gave an extraordinary speech skewering Trump’s efforts to overturn the election

by newsdesk
January 6, 2021
0

C-SPAN Senate Majority Leader Mitch McConnell gave a fiery speech on the Senate floor Wednesday excoriating President Donald Trump and...

Next Post
‘Santa is immune to Covid-19 and will be able to deliver presents,’ WHO says

'Santa is immune to Covid-19 and will be able to deliver presents,' WHO says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Coronavirus: test-and-trace callers worked just 1% of paid hours, watchdog finds

Coronavirus: test-and-trace callers worked just 1% of paid hours, watchdog finds

1 month ago

Merry Christmas From MMAmania.com!

4 weeks ago

Popular News

    Twitter Feed

    Facebook Twitter Youtube LinkedIn

    Newsletter

    Get News Before Anyone Else.

    Category

    • Asia
    • Basketball
    • Business
    • China
    • Cricket
    • Entertainment
    • Entrepreneurship
    • Fashion
    • food
    • Football
    • Gaming
    • Health
    • India
    • Lifestyle
    • Movie
    • Music
    • National
    • News
    • Pakistan
    • Politics
    • Science
    • Sports
    • Tech
    • Travel
    • UFC
    • World
    • اردو
    • हिंदी

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    © 2020 The Greater Post - The International Trust

    No Result
    View All Result
    • Home
    • World
    • Asia
      • China
      • India
      • Pakistan
    • National
    • Politics
    • Business
    • Science
    • Entertainment
    • Gaming
    • Movie
    • Music
    • Sports
    • Fashion
    • Lifestyle
    • Travel
    • Tech
    • Health
    • Food
    • اردو
    • हिंदी
    • 中文

    © 2020 The Greater Post - The International Trust

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In