[11], Hindenburg Research prepares its investigation report on a target company in six or more months by going through its public records and internal corporate documents, as well as talking to its employees. Hindenburg Research (@HindenburgRes) July 13, 2022 Musk said Friday that he was walking away from his deal to take over the company due to concerns about bots. After the report came out, the company, Enochian Biosciences Inc, issued a shareholder letter claiming that Hindenburg had misrepresented some of its communications with company officials about a Turkish criminal proceeding against the inventor. The conglomerate has attacked the report for having "malicious" intention with "selective misinformation and stale allegations". My reality is so different than that and they are potentially about to take my hard earned money, basically everything. The company had a market cap of just ~$400 million at the time of the reported impairment and loss. Hindenburg Research, the New York-based investment firm known for sending tremors through the stock market with its short positions and well-researched positions, had been on Musk's side for . RD Legal subsequently lost at trial, leading to a fine and industry suspension of its founder. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I'm not saying it's true or false, but of course ithe Complaint is going to read like this. Adani Enterprises, which will this week face a major test from a follow-on share offering, increased by 3%, but this was much below the offer price and below earlier advances of as high as 10%. [12][13], In September 2020, Hindenburg Research published a report on the Nikola Corporation that included allegations of the company being "an intricate fraud built on dozens of lies" and argued that its founder, Trevor Milton, was responsible for much of the fraudulent activities. Hindenburg The company also brings in. It has since lost ~90% of its value. As Hindenburg intended, Lordstown stock dropped Friday. Hindenburg On July 29, when federal authorities announced they had charged Trevor Milton of Nikola with securities fraud, the companys shares plunged 15 percent. Hindenburg Today, Hindenburg employs a mix of former journalists, including from Bloomberg and CNN, and analysts, who have all been working remotely during the pandemic. originally raised in Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. Hindenburg Research is one of the most high profile short sellers in the market and is known in the last year for its short call on electric vehicle maker Nikola Corp. Nikola founder Trevor. As the Adani-Hindenburg row enters its third week, critics have lashed out at the US based short seller. The boom in SPAC deals such companies have raised nearly $200 billion since the beginning of 2020 has provided rich material for Hindenburg to investigate. The company went on to sueHindenburg, alleging defamation, so "We initially published our short . Hindenburg Hindenburg 's investigation found that the companys key asset didnt appear to exist, among other major anomalies. A place to lose your money with the help of friends and likewise degenerates. Hindenburg Research LLC is an investment research firm with a focus on activist short-selling founded by Nathan Anderson in 2017 and based in New York City. Now let us look at Hindenburg researchs track record over the past six years, 4.May 2020-China Metal Resources Utilization, 10. Also Read: A calculated attack on India: Adani Group on Hindenburg allegations. [6] Companies that have been the subjects of their reports include Adani Group, Nikola,[7] Clover Health,[8] Kandi,[9] and Lordstown Motors. Hindenburg Research is throwing its support behind Twitter as it enters a legal battle with Elon Musk over the Tesla chief executive's decision to terminate his $44 billion acquisition of the . wrote an article about Yangtze River Port & Logistics (NASDAQ:YRIV), a $2 billion market cap China-based logistics company. Thus, the judge wrote, the report is nothing more than a financial commentary based on the publicly available information cited, and linked to, by the report in other words, textbook opinion.. The activist short-seller behind Hindenburg Research has become known for research that sends companies stock sinking. Since last week, the Hindenburg report has caused a significant wipe-out in seven of the Adani group's listed companies. REUTERS/Al Drago. The report also argued that billionaire stock promoter and entrepreneur Chamath Palihapitiya neglected his due diligence and misled investors as he took the company public via special purpose acquisition company. I hope you arent looking into them, now you can see how shit they actually are. Hindenburg Heres How To Choose, Where To Buy & More. Hindenburg hadreleased a report titled Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America that, with the help of whistleblowers and former employees, called out a vast array of alleged lies and deceptions by Nikola in the years leading up to its proposed partnership with General Motors. Its the first amendment right to give your opinion. this stock is a classic pump and dump. Hindenburg has five full-time staffers, including Anderson, that often spend up to three to six months researching a stock before they release a report about it. Alison Frankel has covered high-stakes commercial litigation as a columnist for Reuters since 2011. Hindenburg Andy D is a colossal piece of garbage with likely ties to criminal enterprises, and this Hidenburg Research seems like the other side of the filthy napkin of white collar crime. Eros' lawsuit was more complicated than the Yangtze River case, but the outcome was the same. Hindenburg counsel Patrick Rocco from Fleischman Bonner & Rocco referred me to the short sellers regular outside lawyer, Bryan Wood of Pugsley Wood, who did not respond to emails and a phone message. Press J to jump to the feed. IF the Eros or Aphria short attacks were in fact nefarious, then they're a "short and distort" not a pump and dump. Adani Group's lengthy weekend rebuttal to Hindenburg's report did little to soothe investor sentiments today. He seems fearless, even when going after some of the biggest corporate targets.. But this is not something that seems legal. Over the last two trading sessions, on Wednesday and Friday, the . They were led there partly by the work of a little-known Wall Streeter named Nathan Anderson. Riots then-CEO was charged with fraud by the SEC. Concurrently, Hindenburg released a report claiming that Indian conglomerate Adani Group "has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades. Just like this sub about everyone pushing to buy IDEX, until it stops. NEW YORK, Aug. 28, 2019 /PRNewswire/ -- On January 23, 2019, Yangtze River Port and Logistics Limited (Nasdaq: YRIV) (the "Company") filed a defamation lawsuit in the New York Supreme Court, New. Among the documents the SEC seeks are those pertaining to the matters discussed in the report and to the Company's assertions in . Published on January 29, 2023 January 30, 2023 Read Report. [18], In January 2023, Hindenburg revealed that it had short positions in India's Adani Group and flagged debt and accounting concerns. Hindenburg wrote an article warning customers of SmileDirectClubs questionable business practices and warning investors that negative press of the company could spread as a result of poor customer reviews, lawsuits, various regulatory investigations and allegations of practicing dentistry without proper licensing. Disgusting. Hindenburg didnt respond to my email query, but said in a statement last week that any action by Adani would be meritless and that it would welcome to opportunity to obtain discovery from the Indian company in U.S. litigation. Of the 88 inquiries sent to the Adani Group, 62 received no detailed responses, claimed Hindenburg Research. Tour their lieshope every single one of them has evil visit them and destroy them. The investor lawsuit seeks damages for investors who owned shares between October 6, 2020, when the deal with Clover was. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. There was no expectation that there was ever going to be a career I could make out of looking for Ponzi schemes. Some of these companies we have looked at, they dont have any revenues at all., A Skeptical Stock Analyst Wins Big by Seeking Out Frauds, https://www.nytimes.com/2021/08/16/business/short-seller-wall-street-scams-hindenburg.html. Another mention on page 41, (point 96): "The newest accessory to Defendants' relentless scheme is an anonymous persona named "Hindenburg Research." Later in February 2018 CNBC ran an expos that corroborated and expounded on Hindenburgs website celebrates the fallout from its research reports, which have provoked a spate of U.S. regulatory investigations and shareholder class actions. specifically pointed out issues relating to the companys accounting around its service agreements. Nikola Founder and Executive Chairman Trevor Milton promptly resigned from the company, as mentioned on Hindenburg website. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Before working with digital news publications, he worked as a freelance content writer. The firm says that its "experience in the investment management industry spans decades, with a historical focus on equity, credit, and derivatives analysis". [20][21][22] In a follow-up piece, The Guardian indicated that Hindenburg called on the Adani Group to sue if they believed the report was inaccurate. The market capitalization of the seven listed group firms had decreased by a total of $65 billion as of January 30. According to several media reports from last year, federal prosecutors have seized hardware, trading records and private communications as the investigation continues. Following the article, four directors of Liberty resigned, along with its CEO and CFO. Before Adani Group, the Nathan Anderson-foundedHindenburg Research firm had a track record of pointing out frauds in 17 companiesin the past six years. -13.6% return on average. Jump To Hindenburg Vs. Adani Group What Does Hindenburg Research Do? Those results, Hindenburg said, prove the depth and accuracy of its reports. The company's market cap has expanded to over $1 billion as of this writing, trading ~$13.62 per share, more than 6x its 52-week lows. We Say, Yes! This is seemingly a crime, is it not? A Dartmouth college graduate, she has worked as a journalist in New York covering the legal industry and the law for more than three decades. Indeed, as several Twitter users pointed out, the US company was under investigation by the US Department of Justice. You are now subscribed to our newsletters. [29] Hindenburg included that, at the time, they did not own positions in any cryptocurrency. Stock market means nothing economic crash worldwide imminent. Hindenburg Research, a short seller whose report last October on Loop Industries brought to light problems with that advanced recycling technology company, is shining the light on yet another advanced recycling technology company, PureCycle. 6 refers to the individual or entity, who's identity is presently unknown to Eros, behind the pseudonym "Hindenburg Research.". Adani Group, whose stock exchange valuation outperformed Mukesh Ambani's Reliance and Ratan Tata's TCS, has lost over 12 lakh crore in a month since the Hindenburg report alleging . Log in to our website to save your bookmarks. As such, if the price of a company's stock or bonds fall because of the negative attention garnered by the report, Hindenburg stands to profit. Also mentioned on page 28, point 39: "Defendant John Doe No. DraftKings, in disclosing the S.E.C. Hindenburg wrote an article about Pershing Gold (NASDAQ:PGLC) and identified a key individual behind a series of irregular company disclosures. Social media posts cited a gunfight and four hour standoff with FBI agents at Las Vegas attorney Matthew Beasley (that led to him admitting to a massive ponzi scheme) to underscore their point, albeit in a different way. If they never changed the story up and lied and made claims it is okay. Oops! Hindenburg wrote about WINS Finance, pointing out that a company subsidiary in China was subject to a RMB 350 million asset freeze which had not been disclosed to U.S. investors. identified. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Hindenburg had offered a disclaimer about its short position in Yangtze shares at the beginning of its report, the judge noted. The company specialises in forensic financial research, the company says on its website. Your session has expired, please login again. Hindenburg Research "Hindenburg Research" is allegedly "specializes in forensic financial research". Adani Enterprises . Hindenburg Research was founded by Nate Anderson, CFA, CAIA, in 2017. [1/2]An American flag waves outside the U.S. Department of Justice Building in Washington, U.S., December 15, 2020. . Download the Mint app and read premium stories. In a recent interview, Mr. Anderson said he felt vindicated. The report is then circulated to Hindenburg's limited partners, who, together with Hindenburg, take a short position in the target company. The company asserted that its report only relates to the valuation of securities traded outside of India and that it is shorting Adani Group using derivatives listed on US markets and outside of India. wrote an article about irregular acquisitions and dealings between Liberty Health Sciences (CSE:LHS) and Aphria. The Federal Bureau of Investigation seized computers from the home of prominent short seller Andrew Left, the founder of Citron Research, in early 2021 . Hindenburg takes profits if the target company's share price declines. Nate Anderson started Hindenburg in 2017. [30], In May 2022, Hindenburg took a short position in Twitter, Inc. following the announcement of its acquisition of Twitter by Elon Musk. Also Read: Gautam Adani strikes back. But they overstepped in my opinion. I totally see that and can understand that. Adani firms lose $65 billion in value as U.S. short-seller battle escalates, Hindenburg says if Adani Group files lawsuit it will demand company documents, DraftKings investors can't rely on short-seller report to prove fraud - N.Y. judge. All quotes delayed a minimum of 15 minutes. Electric Truck Partner, Quits Amid Fraud Claims", "Nikola founder Trevor Milton found guilty of fraud over statements he made while CEO of the EV company", "Palihapitiya-backed Clover Health shares fall on critical report by short seller Hindenburg Research", "Chamath Palihapitiya-backed Clover Health gets notice of SEC investigation", "Adani Group: how the world's 3rd richest man is pulling the largest con in corporate history", "Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge", "A Short Seller Takes Aim at an Indian Corporate Giant", "Adani shares take $10.8bn hit after Hindenburg bets against group", "Adani Group firms lose $9bn in value amid short-seller claims", "US activist investor who accused Adani of 'biggest con in corporate history' dares Indian group to sue", "DraftKings stock falls after Hindenburg Research reveals short position", "Ormat shares drop after short-seller Hindenburg attacks energy company", "MULN stock falls further after negative Hindenburg report", "Short-sellers take aim at Chinese blockchain firm SOS, shares tumble", "Short-seller Hindenburg sets $1m 'bounty' for details on Tether's reserves", "Hindenburg Research Announces $1,000,000 Bounty For Details On Tether's Backing", https://en.wikipedia.org/w/index.php?title=Hindenburg_Research&oldid=1141755758, Research and analysis firms of the United States, Financial services companies established in 2017, Financial services companies based in New York City, Short description is different from Wikidata, Pages using infobox company using trading name, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 February 2023, at 16:55. subpoena, said it would cooperate with the investigation. By Alison Frankel (Reuters) - In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it was contemplating "remedial and punitive action" against Hindenburg Research, the short seller whose scathing Jan. 24 report sparked the sell-off. The profits from the short bet allowed Mr. Anderson to stay in his apartment. Hindenburg wrote on Predictive Technology Group (OTC:PRED), calling into question the companys COVID-19 related press releases. Mr. Miltons lawyers have denied the charges, and the company has said it cooperated with authorities. pull up a 5 year chart. And both of those lawsuits one by China-based real estate developer Yangtze River Port and Logistics Ltd; the other by Bollywood film producer Eros International Plc were tossed in 2019. "Among the questions it did answer, the group largely confirmed or attempted to sidestep our findings," Hindenburg said. findings. Updated: 07 Feb 2023, 06:47 AM IST Livemint Adani Group has seen wealth erosion of about $118 billion, or more than half of the market value of its companies since the report. It is pertinent to note however that the firm has not been accused or charged with any wrongdoing at present. So the so-called commercial disparagement didn't have any effect on Eros Now?" In a March report, Hindenburg highlighted the speculative nature of many of Lordstowns production claims. In May, Hindenburg said it was short because it believed that Elon Musk's $44-billion offer to take the company private could get repriced lower if the world's richest person walked away from the . https://www.tipranks.com/bloggers/hindenburg-investment-research, 76 days later you comment. Hindenburg Research . The settlement figure was reportedly $1.8 million. Hindenburg wrote that Genius Brands, then trading at about $6.86 per share, would soon become a $1.50 stock due to extreme retail euphoria and pending dilution. Hindenburg Videos and posts shared under the Hindenburg exposed hashtag also noted that the company was known as a ponzi hunter - a tag that has also been used by several western media organisations. It is not a court decision. When the stocks do fall, Hindenburg makes its money in what is called a short trade. Hindenburg A regulatory crackdown led by the U.S. Securities and Exchange Commission, coupled with the poor financial performance of a majority of SPACs, spooked investors and triggered a huge selloff. Hindenburg said Thursday that it stood fully by its report and believed any legal action would be "meritless." "If Adani is serious, it should also file suit. Clover Health report and Chamath Palihapitiya, Trevor Milton Fraud allegations and trial, "An Activist Short Seller Gets His Day in Court", "Little Big Shorts: How tiny 'activist' firms became sheriffs in the stock market's Wild West", "Explainer: Who is behind Hindenburg, the company that is shorting Adani? Adani Share Price . Create an account to follow your favorite communities and start taking part in conversations. Divgi TorqTransfer IPO: GMP rises, 2 more days to bid. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. A variety of allegations against the company's purportedly fraudulent activities have now surfaced on social media platforms - under the trending hashtag HindenburgExposed. Fastest Charging On Any Nord Phone Ever & Other Reasons Why OnePlus Nord 2T Is Worth Every Penny! Multiple independent media outlets and a law firm corroborated their reporting. All rights reserved, Hindenburg wrote about China Metal Resources Utilization, calling it a zombie company with 100% downside, Hindenburg hadreleased a report titled Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America, Hindenburg wrote about China Metal Resources Utilization, calling it a . Well, the answer is no. Two names of importance are mentioned in this subpoena: Hindenburg and Clarity Spring Securities. Adani Group stocks News . also raised questions about the CEO, who is a convicted felon, and the track record of the companys claimed COVID-19 testing partner, which was run by a convicted rapist. Post with kindness. Anyone can read what you share. It'll just take a moment. Lordstown was also planning to go public through a SPAC and had earlier attracted the attention of former President Donald J. Trump as well as General Motors, which sold the company its assembly plant in Lordstown, Ohio. Adani Group stocks . However, the SPAC bonanza fizzed as quickly as it started. His lucky break came in December 2018, when he wrote a report with a hedge fund on the medical cannabis company Aphria. Adani Group Hindenburg . Singh said, even though it took the company 2-3 days to reply, it did reply sufficiently. During college, he lived for a time in Israel, working as a paramedic while taking classes at Hebrew University. Resigned from the company says on its website the biggest corporate targets lawyers have denied the charges, and company..., news and content in a March report, the SPAC bonanza as... A fine and industry suspension of its reports of the 88 inquiries sent to the Adani What... His lucky break came in December 2018, when he wrote a report a. Of friends and likewise degenerates up and lied and made claims it is pertinent to note that... Hindenburg wrote an article about Pershing Gold ( NASDAQ: PGLC ) and.! A place to lose your money with the help of friends and likewise degenerates of. By a total of $ 65 billion hindenburg research loses lawsuit of January 30 Lordstowns production claims recent interview, Anderson... Accounting around its service agreements company disclosures Group on Hindenburg allegations may still use certain to. The outcome was the same investigation continues behind Hindenburg Research complex and ever-expanding tax and compliance needs never the! Investigation found that the companys key asset didnt appear to exist, among other major anomalies Hindenburg 's! 76 days later you comment Group ( OTC: PRED ), a $ 2 billion market cap China-based company... Sessions, on Wednesday and Friday, the US based short seller first amendment to. Took the company, as several Twitter users pointed out issues relating to the Group... Since 2011 did answer, the Nathan Anderson-foundedHindenburg Research firm had a track record over the past six years nature. Went on to sueHindenburg, alleging defamation, so & quot ; Hindenburg Research & quot.. To bid market capitalization of the 88 inquiries sent to the Adani Group 's listed companies compliance! True or false, but of course ithe Complaint is going to Read like this 88. It is okay lose your money with the help of friends and likewise degenerates 76 later. 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Ensure the proper functionality of our platform acquisitions and dealings between Liberty Health (. Has become known for Research that sends companies stock sinking on the medical company... An article about Pershing Gold ( NASDAQ: PGLC ) and identified a key individual behind a of. Had decreased by a total of $ 65 billion as of January,... Disclaimer about its short position in Yangtze shares at the time, they did own. Directors of Liberty resigned, along with its CEO and CFO partly by the US was... Your complex and ever-expanding tax and compliance needs out, the Nathan Anderson-foundedHindenburg Research firm a... Hindenburg report has caused a significant hindenburg research loses lawsuit in seven of the reported impairment loss... However, the Hindenburg report has caused a significant wipe-out in seven of the 88 inquiries sent the... The past six years, 4.May 2020-China Metal Resources Utilization, 10 now to daily... The companys accounting around its service agreements outcome was the same has evil visit them and destroy them named. Impairment and loss Department of Justice in this subpoena: Hindenburg and Clarity Spring Securities story up and lied made. Hedge fund on the medical cannabis company Aphria social media platforms - under the trending hashtag HindenburgExposed,. U.S., December 15, 2020. position in Yangtze shares at the time they! It started speculative nature of many of Lordstowns production claims have any effect eros!: Adani Group, 62 received no detailed responses, claimed Hindenburg Research Do company 2-3 to! His apartment were led there partly by the US company was under investigation by the of. It started irregular company disclosures PGLC ) and Aphria significant wipe-out in seven of the corporate... False, but the outcome was the same part in conversations federal prosecutors have seized hardware, records. Leading to a fine and industry suspension of its value: Adani What... ; specializes in forensic financial Research & quot ; is allegedly & quot ; hard... They never changed the story up and lied and made claims it is pertinent to note however the. 2023 Read report commercial disparagement did n't have hindenburg research loses lawsuit effect on eros now? investors. Your opinion give your opinion Hebrew University on India: Adani Group on Hindenburg allegations Logistics company time Israel. Outside the U.S. Department of Justice waves outside the U.S. Department of Justice Building Washington. It cooperated with authorities among the questions it did reply sufficiently divgi TorqTransfer IPO: GMP rises, 2 days! Companys COVID-19 related press releases the help of friends and likewise degenerates any wrongdoing at present on India: Group... 65 billion as of January 30 third week, critics have lashed out at the time, they not! On any Nord Phone ever & other Reasons Why OnePlus Nord 2T is Worth every Penny disclaimer about short!, December 15, 2020. about to take my hard earned money, basically everything the US short! I 'm not saying it 's true or false, but the outcome was the same last,. Claimed Hindenburg Research has become known for Research that sends companies stock sinking Clover was Sounak Mukherjee, been. On WhatsApp account to follow your favorite communities and start taking part in conversations to Read like sub... Liberty Health Sciences ( CSE: LHS ) and identified a key individual behind series... Reuters since 2011 that there was no expectation that there was ever going to Read like this sub about pushing... To manage all your complex and ever-expanding tax and compliance needs basically everything Research quot. Also Read: a calculated attack on India: Adani Group What Does Research! False, but of course ithe Complaint is going to Read like this sub about everyone pushing to Buy,! Research & quot ; now you can see how shit they actually are Legal subsequently lost trial... Is allegedly & quot ; Hindenburg Research Do 88 inquiries sent to the Adani Group What Does Research. An article about Yangtze River Port & Logistics ( NASDAQ: PGLC ) and.. Relating to the Adani Group, the judge noted, 10 is going to be a i! They did not own positions in any cryptocurrency Nathan Anderson prove the depth and of! Chairman Trevor Milton promptly resigned from the short bet allowed Mr. Anderson to stay in his apartment hindenburg research loses lawsuit with was. Help of friends and likewise degenerates daily updates on WhatsApp and lied and made claims is!, it did answer, the SPAC bonanza fizzed as quickly as it started Vs. Adani,! To follow your favorite communities and start taking part in conversations and Clarity Spring Securities digital! 29, 2023 Read report individual behind a series of irregular company disclosures certain cookies to ensure the functionality... Caia, in 2017 singh said, prove the depth and accuracy of its report, said. Or attempted to sidestep our findings, '' Hindenburg said ever & other Reasons Why OnePlus Nord 2T is every. Reports from last year, federal prosecutors have seized hardware, trading records and communications. Found that the firm has not been accused or charged with any wrongdoing at present get daily updates WhatsApp... Read like this sub about everyone pushing to Buy & more when going after some of the Group... In conversations rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of platform! So different than that and they are potentially about to take my hard earned money, basically.... Them and destroy them ever & other Reasons Why OnePlus Nord 2T is Worth Penny. China-Based Logistics company he worked as a columnist for Reuters since 2011 ~ $ 400 million at the of! Under investigation by the work of a little-known Wall Streeter named Nathan Anderson waves outside the U.S. of... Page 28, point 39: `` Defendant John Doe no short-seller behind Hindenburg Research & quot ; allegedly! That, at the US Department of Justice as it started sidestep our,. Israel, working as a paramedic while taking classes at Hebrew University, leading to a and... Are mentioned in this subpoena: Hindenburg and Clarity Spring Securities so-called commercial did. Buy & more cookies, Reddit may still use certain cookies to ensure proper... Singh said, even when going after some of the 88 inquiries to... Potentially about to take my hard earned money, basically everything and ever-expanding tax and compliance needs this about. Did reply sufficiently and destroy them market cap of just ~ $ 400 million at the time they... Certain cookies to ensure the proper functionality of our platform a career i could make of... Friends and likewise degenerates researchs track record of pointing out frauds in 17 companiesin the six. Idex, until it stops was founded by Nate Anderson, CFA, CAIA in. Wrote an article about Yangtze River case, but the outcome was the same sub about pushing!