EquipmentShare.com Shares Fall After Blue Orca Alleges Hidden Liabilities
MT Newswires Live
Sep 25
EquipmentShare.com (EQPT) shares fell 9.4% on Thursday after Blue Orca Capital alleged in its report that undisclosed promises tied to the company's equipment investment program could create billions of dollars in hidden liabilities, potentially weakening the company's balance sheet and bonds.
The short seller claimed that companies closely connected to EquipmentShare's founders attract investors by making "murky" promises that EquipmentShare will cover initial losses and potentially repurchase the equipment at the end of the investment term.
EquipmentShare.com didn't immediately reply to MT Newswires' request for comment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.