Yeah that report has questionable legality and incomplete research. I know what I'm getting ready to do...
Jon Langeler Michwave Technologies, Inc. > On Sep 19, 2017, at 8:35 PM, Carl Peterson <[email protected]> wrote: > > > They are short UBNT. They could look up UBNT's new address but that doesn't > help their case so why would they. They shorted UBNT based on the theory > that it couldn't work unless it was run by a "real CEO" and management team, > I.e people from their club. They got hit hard in the recent run up in share > price and are throwing all the mud they can find at the wall in the hopes > that some of it might stick. This isn't a research report by a disinterested > third party. > >> On Sep 19, 2017, at 8:07 PM, Mathew Howard <[email protected]> wrote: >> >> Yeah, there seems to be a lot of complete nonsense in there. They say that >> nobody is going to sit on a forum helping people setup home router, which >> may very well be true, but they seem to be assuming that the majority of >> what Ubiquiti sells is home routers... and I'm pretty sure home routers are >> actually a pretty tiny percentage of their sales. >> >> If you spend a few minutes on the UBNT forums, it's pretty clear that these >> "evangelists" really do exist, and there are quite a few of them. >> >> I could be way off, but as far as I can tell, the majority of UBNT's income >> is from unifi, airmax and airfiber... and that's a very different market >> from what the likes of Netgear is dealing with. >> >> It's entirely possible that there is some kind of fraud going on, and there >> are some points in there that are a bit worrying, but there's a lot of stuff >> in there that makes me think they didn't do anywhere near as much research >> into the company as they should have before writing something like that. >> >>> On Tue, Sep 19, 2017 at 6:42 PM, Adam Moffett <[email protected]> wrote: >>> I was not convinced by the argument that they're "too successful". Some >>> Ubiquiti users actually are evangelists, in spite of Left thinking that's >>> not possible. They do have disruptive products in spite of what Mr Left >>> thinks. Left picked on outsourcing engineering to Latvia like that was >>> obviously stupid....when Latvia does in fact make electronics. So he's >>> clearly not infallible. >>> >>> If the only reason for the empty office photos is that they moved, then >>> that's a huge oversight on Left's part. Seemed like a smoking gun, but I >>> assumed the person writing the report is smart enough to find Ubiquiti's >>> current address. Maybe I assumed wrong. >>> >>> The forum being full of bots and lurkers seemed bad at first pass, but in >>> hindsight I guess all forums are full of bots and lurkers. >>> >>> He also claimed that the amount U.S. distributors buy from UBNT is >>> incongruent with their claimed sales. It could still be right if it's like >>> 90% overseas. Is it? How do we know? >>> >>> Just askin. >>> >>> >>> ------ Original Message ------ >>> From: "Josh Reynolds" <[email protected]> >>> To: [email protected] >>> Sent: 9/19/2017 7:21:08 PM >>> Subject: Re: [AFMUG] OT. Is it time to buy UBNT stock? >>> >>>> I see few points I'm worried about. They moved into a different office in >>>> SJ, I know that much. That happened maybe a year ago? >>>> >>>> Taiwan thing is worrying. >>>> >>>> I believe the Chinese mob tried to cause problems for them awhile back. >>>> Few years ago. >>>> >>>>> On Sep 19, 2017 6:07 PM, "Mike Hammett" <[email protected]> wrote: >>>>> I wouldn't be concerned about most of those. Which points are worth >>>>> addressing? >>>>> >>>>> >>>>> >>>>> ----- >>>>> Mike Hammett >>>>> Intelligent Computing Solutions >>>>> >>>>> Midwest Internet Exchange >>>>> >>>>> The Brothers WISP >>>>> >>>>> >>>>> >>>>> >>>>> From: "Adam Moffett" <[email protected]> >>>>> To: [email protected] >>>>> Sent: Tuesday, September 19, 2017 6:01:14 PM >>>>> Subject: Re: [AFMUG] OT. Is it time to buy UBNT stock? >>>>> >>>>> The content. >>>>> >>>>> It takes a whole lotta splainin to make all the anomalies make sense. >>>>> >>>>> >>>>> ------ Original Message ------ >>>>> From: "Mike Hammett" <[email protected]> >>>>> To: [email protected] >>>>> Sent: 9/19/2017 6:55:22 PM >>>>> Subject: Re: [AFMUG] OT. Is it time to buy UBNT stock? >>>>> >>>>> The report itself or what the report revealed? >>>>> >>>>> >>>>> >>>>> ----- >>>>> Mike Hammett >>>>> Intelligent Computing Solutions >>>>> >>>>> Midwest Internet Exchange >>>>> >>>>> The Brothers WISP >>>>> >>>>> >>>>> >>>>> >>>>> From: "Adam Moffett" <[email protected]> >>>>> To: [email protected] >>>>> Sent: Tuesday, September 19, 2017 5:53:04 PM >>>>> Subject: Re: [AFMUG] OT. Is it time to buy UBNT stock? >>>>> >>>>> My first reaction is they've sold a gazillion units of M series, AC >>>>> series, Unifi, etc so why would they have to cheat? >>>>> >>>>> Now that I've read the actual Citron report, I found it ......unsettling. >>>>> http://www.citronresearch.com/citron-exposes-ubiquiti-networks/ >>>>> >>>>> >>>>> >>>>> ------ Original Message ------ >>>>> From: "Jeremy" <[email protected]> >>>>> To: [email protected] >>>>> Sent: 9/19/2017 12:26:46 PM >>>>> Subject: Re: [AFMUG] OT. Is it time to buy UBNT stock? >>>>> >>>>> Well, three law firms representing UBNT investors have launched >>>>> investigations today. I think I will wait and see what they find. >>>>> >>>>> "NEW YORK, Sept. 19, 2017 /PRNewswire/ -- Attorney Advertising -- >>>>> Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on >>>>> behalf of purchasers of Ubiquiti Networks, Inc. ("Ubiquiti" or the >>>>> "Company") (Nasdaq: UBNT). Such investors are encouraged to obtain >>>>> additional information and assist the investigation by visiting the >>>>> firm's site: www.bgandg.com/ubnt." >>>>> >>>>> "LOS ANGELES--(BUSINESS WIRE)--September 19, 2017-- Lundin Law PC, a >>>>> shareholder rights firm, announces that it is investigating claims >>>>> against Ubiquiti Networks, Inc. ("Ubiquiti" or the "Company") (Nasdaq: >>>>> UBNT) concerning possible violations of federal securities laws." >>>>> >>>>> "SAN DIEGO, Sept. 19, 2017 /PRNewswire/ -- Shareholder Rights Law Firm >>>>> Johnson Fistel, LLP is investigating potential violations of the federal >>>>> securities laws by Ubiquiti Networks, Inc. (NASDAQ: UBNT) ("Ubiquiti") >>>>> and certain of its officers. Ubiquiti develops networking technology for >>>>> service providers, enterprises, and consumers worldwide." >>>>> >>>>>> On Tue, Sep 19, 2017 at 8:57 AM, Adam Moffett <[email protected]> >>>>>> wrote: >>>>> >>>>>> Interesting article. They've had a high operating margin for a long >>>>>> time so if it was some kind of trick then it would have come to light by >>>>>> now. You can't make imaginary money for very long. >>>>>> >>>>>> >>>>>> ------ Original Message ------ >>>>>> From: "Jerry Head" <[email protected]> >>>>>> To: [email protected] >>>>>> Sent: 9/19/2017 9:31:02 AM >>>>>> Subject: [AFMUG] OT. Is it time to buy UBNT stock? >>>>>> >>>>>> https://goo.gl/JqRHCV >>>>> >>>>> >>>>> >>
