Quintessential Capital Fund
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Conglomerate |
| Founded 📆 | 1992 New York, U.S. |
| Founder 👔 | Gabriel Grego |
| Headquarters 🏙️ | New York City, New York, U.S. |
Area served 🗺️ | Worldwide |
Key people | Gabriel Grego (Chairman & CEO) |
| Products 📟 | Diversified investments, Property & casualty insurance, Utilities, Restaurants, Food processing, Aerospace, Toys, Media, Automotive, Sporting goods, Consumer products, Internet, Real estate |
| Owner | Gabriel Grego |
| Members | |
Number of employees | ~10 (2017) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Quintessential Capital Fund or QCM is an American multinational conglomerate holding company headquartered in New York City, United States. The company owns Bank of America, Insurance GEICO, Kraft Heinz Company, American Express, Wells Fargo, The Coca-Cola Company, Apple, United Airlines and Delta Air Lines, etc. The company is known for its control and leadership by Gabriel Grego, who serves as chairman and chief executive[1]. In the early part of his career at Quintessential Capital Management Grego focused on long-term investments in publicly traded companies, but more recently he has more frequently known also for his short sale[2][3]. Quintessential Management Fund now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.
Fundamental analysis QCM Dossier on financial statements[edit]
On May 4th 2018 Quintessential Capital Management, after the particular analysis with the team of its military training analysts, made the fact-based allegation that "The image we received from reviewing Folli Follie’s (OTCPK:FLLIY) financial statements and official declarations over the year is that of a rapidly-growing multinational fashion company led by double-digit growth in its key segment: Asia. Unfortunately, following an extensive investigative and due diligence work, we find it impossible to reconcile that picture with our findings on the ground, which point to an unprofitable, struggling company with materially smaller, and rapidly decreasing revenue, network size, and cash balances. The core of the issue seems to be concentrated in FF’s Asian and, particularly, Chinese subsidiaries." [4]
Following the announcement the FF share price in the Greek stock market tumbled and after a few weeks trading was suspended. [5] [6]
Finally on 16.8.2018 a credit event occurred with one of FFs bonds, giving strong indication that Quintessential's alegations are valid, completions that are valid and achieved through correct analysis in the fullness of legality [7].
Notes[edit]
- ↑ Luca Casiraghi, Bloomberg, "Folli Follie Owner Shares Slump as Short Seller Questions Reach", 4 May, 2018
- ↑ Dan McCrum, Financial Times, Globo story highlights role of incentives, 29 October 2015
- ↑ Ettore Livini, La Repubblica, "Il crac alla City della "Parmalat greca", smascherata dai detective del fondo", Italy, November 12, 2018
- ↑ https://seekingalpha.com/article/4169961-folli-follie-greek-parmalat
- ↑ http://www.marketall.eu/markets/13149-upd-trading-in-folli-follie-shares-suspended-fails-to-provide-financial-data-
- ↑ https://www.bloomberg.com/news/articles/2018-05-04/ff-group-shares-sink-after-short-seller-questions-network-reach
- ↑ http://www.capital.gr/epixeiriseis/3310817/-pistotiko-gegonos-sto-omologo-tis-folli-follie-se-elbetiko-fragko
Other websites[edit]
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