[ad_1]
Quintssential Capital Management (QCM) said it was "false news" via its Twitter account, in a frank reprimand of the reports implicating it in the recent swamp recorded by Intralot.
In particular, the American hedge fund clarifies the following points:
"QCM flatly denied having opened a short position on Intralot, speculation in the recent press is purely imaginary."
Intralot: QCM categorically denies opening a short position on Intralot. Recent press speculation is pure fantasy.
– Quintessential Capital Management (@QCMFunds) November 29, 2018
False news.
– Quintessential Capital Management (@QCMFunds) November 29, 2018
Intralot: an excessive drop in stocks is not justified by some negative developments
Previously, Intralot had commented "the excessive decline in the stock price at the last hour of the session of November 28, 2018", pointing out that "this is not justified by a negative commercial development or another fact to the knowledge of the company, and we estimate that it is due unfounded rumors ".
"On the other hand, the company has recently announced significant new projects and contract renewals and is expected to complete and announce other large-scale projects in the near future." said the company in a statement, adding:
"The company will consider taking additional steps to defend its credibility and defend the interests of its investors against unsuspecting rumors."
[ad_2]
Source link
