New hilarious FUD article. This guy had a 12$ price target and lowered it to 10$. Their shop in California is a 30-person shop that appears to have been struggling. Their brokerage side of the business, Ascendiant Capital Markets and Ascendiant Securities manages basically 0$ and has a lot of FINRA complaints for overcharging their customers, failing to report transactions for complaince, and failure to report their client complaints.
Ed Woo himself also worked for Wedbush Securities, PricewaterhouseCoopers, Unisys Corporation, and Atlantic Richfield Company.
Hmm, there's that auditing company we discounted as possibly not a key player in the Chaos Theory set of links. Let's put another dotted line to them until we get more confirmation.
Next I think I'll try to find more information on their two funds: Ascendiant Capital Fund, LP and Ascendiant Focus Fund, LP. If you guys spot any public filings, please shoot me a message or link my username.