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Sahm Adrangi Explains Why He Is Negative On Proteostasis Therapeutics Stock

Sahm Adrangi of New York City’s Kerrisdale Capital Management recently sent out a negative report in regards to Proteostasis Therapeutics, Inc. At the same time he announced the schedule for the conference calls he would be holding to go into further details about this firm. He said he was taking a short position on Proteostasis Therapeutics which means if this company’s stock prices go down his firm’s hedge fund will increase in value.

Proteostasis Therapeutics is a biotech firm and the value of the entire company is basically based on one drug they have under development, PTI-428. This is a drug candidate which is being investigated as a cystic fibrosis therapy. When the FDA gave this drug both their Orphan Drug and Breakthrough Therapy designations investors drove this company’s stock prices up about 100%.

However, Sahm Adrangi says that his company’s analysts determined that this drug candidate is in all likelihood ineffective. They also pointed out that the there was a troubling pattern of low-quality data in regards to PTI-428. They also spotted that Proteostasis Therapeutics had omitted some details from their public disclosures about this drug candidate which the also found troubling.

In the negative report, Sahm Adrangi indicated that his company would be hosting a conference call on March 20th at 10:30 am ET. He said he would go into further details during his call showing why Proteostasis Therapeutics stock is now very overvalued. He also gave out the phone numbers to call for both those in the United States and those who were calling in internationally.

Sahm Adrangi is a graduate of Yale University and he is 33 years old. He started out in the financial industry as an analyst. For a number of years he worked for Longacre Fund Management which is a privately held investment firm. As of when he left Longacre in 2008 it had about $1.2 billion in assets under management. His specialty as an analyst at this company was to investigate distressed debts in order to possibly invest in them. Prior to that he had worked for Chanin Capital Partners and Deutsche Bank.

https://www.linkedin.com/in/sahm-adrangi

James Dondero Announces Winner Of $1 Million Grant Challenge

Three months ago the president and co-founder of Highland Capital Management, James Dondero, announced it awarded a $1 million challenge grant. The grant went towards helping the The Family Place. an organization that provides support to victims of family violence. The grant went towards helping The Family Place raise its final $2.8 million for its campaign. Read more about James at Crunchbase.

The grant was administered via Dondero’s company’s philanthropic arm, which is Highland Dallas Foundation. The grant matched 50 percent of funds raised for the campaign for a specific period of months. The amount the grant would match was up to a $1 million.

When James Dondero made the announcement in October, The Family Place already raised $200,000 towards its campaign. That was matched with $100,000, which was thanks to Highland’s grant.

Family violence is a huge problem in Dallas, and Dondero said the grant was an answer to call-to-action by both the police chief in Dallas and the mayor of Dallas.

Visit: http://www.jamesdondero.com/

 

The Family Place launched a campaign that impressed Highland Capital Management, and that’s one of the reasons they chose to award the grant to The Family Place. Dondero also said the civic community in the city know how to get things done.

The Legacy Campaign supports building a new counseling center for victims of family violence. The building was designed by Corgan, a well-known design and architecture firm. The building includes over 12 emergency shelter bedrooms, as well as a dental clinic, medical clinic and a number of counseling rooms for both adults and children. There’s also spaces for job training. Learn more about James Dondero at Affiliate Dork.

E-Commerce Personalization, A Future Not too Far

Whether or not consumers are aware, artificial intelligent technologies are on the horizon. Artificial Intelligence is slated to be integrated in as many areas of human life as possible. Areas such as healthcare, commerce, online interactions, customer service, social media, education, resource development, and societal welfare should expect to see artificial intelligence in their fields. One of the most exciting areas to expect artificial intelligence is in E-commerce Personalization. At the present moment, online commerce has been stuck in the past; only able to dignify itself with tools and resources from previous generations. Artificial intelligence in E-commerce Personalization is looking to change that.

Shoptalk Europe is an annual event where thousands of people from all over the globe meet and discover new advancements in technology. It was at this year’s event that the term ‘artificial intelligence’ broke ground to gain traction. The most notable discussion of artificial intelligence centered around the technology being used in electronic commerce or e-commerce. Presently, buying and selling goods and services online has been the same since the 1990s. Artificial intelligence in e-commerce is looking to change that.

Innovators at the event boasted about how artificial intelligence will create a more engaging interaction with consumers. Everything from visual searching, to machine learning, to natural language processing was covered during the event. All of which will help facilitate a personalized and intimate experience for customers and consumers.

Technology giants Alibaba, Google, and Westfield all sent speakers to engage on their behalf about artificial intelligence in e-commerce. Many of these companies project that by the year 2020 over 80% of consumer interactions and sales in retail will be facilitated and managed by artificial intelligence. Along with that, more than 25% of retail companies are expected to employ artificial intelligence systems to focus on the task of their primary sales.

eBay’s chief product officer, RJ Pittman wants to put artificial intelligence front and center as the focal point that will make e-commerce personalization happen. Other notable figures in technology and retail gave the same impression. One that would suggest that artificial intelligence is going to be an integrated part of life sooner rather than later.

Numerous speakers mentioned how retailers were not expected to be interested in artificial intelligence in e-commerce until the year 2020 or 2025. However, trendsetters in technology are presuming the next five years be a major jumping point to integrate artificial intelligence. They have acknowledged that there is a steep curve to get over to make this work. However, the sooner retailers get consumers acclimated with using AI in e-commerce personalization, the better off consumers and retailers will be.