Hindenburg Research short Maison Solutions, says ‘massively overvalued’

Hindenburg Research stated in a series of tweets: “We believe $MSS is slated to suffer a similar fate to $GDHG and that retail shareholders will once again be left holding the bag on a massively overvalued company that has become bloated in size due to illegal and nefarious pumping/manipulation. We are short $MSS. (…) Pre-IPO, $MSS acquired stakes in 2 supermarkets from the wife of the CEO, valued at $2.5m and $410k respectively. We estimate the combined total value of the company’s assets to be less than $15 million. Beyond valuation, we found multiple red flags with $MSS.”