Tingo falls after postponing Q2 results in Hindenburg aftermath

Tingo

10/08/2023 11:49

** Shares of fintech company Tingo Group  TIO.O  down 11.2%
at $1.27 premarket 
    ** Co briefly postpones Q2 conference call, 10-Q filing,
citing additional time required for completion of independent
review of allegations made in a recent Hindenburg short-seller
report  
    ** Conf. call rescheduled for August 21, 0800 ET, at which
co to present Q2 results; press release detailing the results to
be issued prior to the call 
    ** Hindenburg Research in early June took a short position
in TIO, said "the company is an exceptionally obvious scam with
completely fabricated financials"
    ** Shares of TIO have nearly halved in value since the
Hindenburg report on June 6 

 (Reporting by Shreyashi Sanyal)
 ((Shreyashi.Sanyal@thomsonreuters.com))