Citron will detail a series of alarming red flags and detail how Ubiquiti Networks is deceiving the investing public. Profit margins in the U.S. should be much higher. We believe that the NBA will take a more detailed look at the financial stability of Mr. Pera.
The “fake community” as first exposed by blogger @unemon1 is mostly composed of bots: Just like Philidor was a fatal “tell” that Valeant was hiding something rotten behind the curtains, relying on a distributor network invites a company to obfuscate its true financials, especially when it is overseas, and doing business in sanctioned countries and jurisdictions notorious for money laundering.
Google Search for “Robert Pera Interview”. In 2015, in an often forgotten story, Ubiquiti reported it had lost $46 million of company cash. Arruda was arrested in Brazil in 2006 for “alleged crimes of embezzlement, forgery of private documents, misrepresentation, use of false documents and conspiracy.”, More detail has been provided in this previous research report. You can also customize Ubiquiti orders from our OEM/ODM manufacturers. Thanks to Google earth, Citron was able to provide this due diligence without having to go to Poland. Citron has not “cherry picked” these metrics, the below charts come from this naively bullish Motley Fool article. Click Here for Ubiquiti’s money laundering red flags document.
This year he was charged with insider trading of Ubiquiti stock.
Yu-Cheng (Believe) Lin ran Ubiquiti’s Taiwan operations and had signing power for the company in Taiwan. https://www.sec.gov/litigation/litreleases/2017/lr23862.htm. https://www.linkedin.com/in/ingrida-bl-0b61b873/?ppe=1. This is what the lobby looks like now (just three months ago the photo on left was filled with office furniture and people)…with an empty parking lot in the middle of the day, After posting a “stellar quarter” Morgan Stanley decided to drop coverage of what allegedly is the best-operated company in networking hardware. Despite claiming to be the most efficient operator in its space, UBNT has more corporate turnover than Citron has ever seen in a public company—especially in its finance and audit departments. In the case of Ubiquiti, the sauce is the “Ubiquiti Community” or as Pera has frequently described it: the “evangelical community”. The Synopsis lawsuit gives us insight into corporate ethics from the top down. Despite being a CEO that should be revered by Wall Street and the media for creating a phenomenal company that sells hardware at software margins and just destroys its competition – Robert Pera has never appeared on CNBC or Bloomberg. Frauds often claim some “operational advantage” over competitors to justify their outsized margins. Are people so passionate about their home router that they are telling all of their friends and staying up at night helping other people set up their routers? Synopsys develops software applications for the semiconductor industry. It is also common that the secret sauce turns out to be total bullshit once some light is shined on it. Netgear CEO Patrick Lo worked at HP as a senior executive for over 10 years. Investors are to believe that Pera is helming the company with industry busting margins and with longtime #2 man Benjamin Moore. Oddly enough her LinkedIn profile does not even have her real name. Ubiquiti first came on Citron’s radar five years ago when CEO Robert Pera described his mid-level engineering job at Apple by stating: To Citron, these words exemplify someone more interested in the trappings of wealth than changing society with transformative technology.
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