Seeking Alpha

Advanced Emissions -3.3% after negative Street Sweeper article

  • Advanced Emissions Solutions (ADES -3.5%) is lower after Street Sweeper posts a negative article highlighting class action lawsuits alleging securities law violations and false and/or misleading statements tied to financial reports that must be restated, plus a Nasdaq de-listing threat.
  • The article raises questions about the "rogues gallery" of people selected to fix its financial problems, including links to the risky penny stock world and leaders who ran out on another company whose delinquent financials almost killed its own Nasdaq listing.
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