Amvona

TASIS Lawyers Up, Issues False and Misleading Statements to Community

TASIS leadership, perhaps with their past in mind, interferes in a confidential email shared with friends and fellow parents regarding allegations of abuse at the school. Apparently, in a panic, they go scorched earth.

On October 14, Fr. Emmanuel Lemelson published an open letter to the TASIS Switzerland and TASIS Foundation board of directors, critical of the school's misleading relationship and sex education program. A November 7, 2023, response exposed the schools' support and promotion of woke ideologies.  In light of new evidence, Lemelson then wrote a December 9, 2023 follow-up that asked key questions.

To read the full letter, click here or see below.

TASIS Lawyers Up, Issues Fa... by amvona

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Lemelson Reports FYE '23 Results, Files Motion For Attorney's Fees Related to Fraudulent SEC Charges

Q4 Net returns: 84.68 percent - FYE 23 Net Returns: 383.02 percent

CIO Files Motion to Recover More than $1.7 Million in Attorney's Fees and Costs Related to Fraudulent 2018 SEC Charges

Jericho, New York, January 11, 2024 —Lemelson Capital Management, LLC (LCM), today announced Q4 and FYE 2023 financial results, as well as a January 10, 2024 filing of a motion in federal court by the firm's CIO, Rev. Fr. Emmanuel Lemelson, to recover more than $1.7 million in attorney's fees and costs related to fraudulent charges brought by the U.S. Securities and Exchange Commission in 2018, which resulted in a substantial victory for Lemelson in a November 2021 trial.

To access a copy of the motion, click here or see below.

In the Q4 period ending December 31, 2023, performance was 84.68 percent net of all fees and expenses based on preliminary unaudited results.The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned 11.69 percent during the same period. 

In the FYE period ending December 31, 2023, performance was 383.02 percent net of all fees and expenses based on preliminary unaudited results. The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned 26.27 percent during the same period.  

"We are satisfied with our significant, long-term outperformance inception to date," said Fr. Emmanuel Lemelson, Chief Investment Officer, LCM. "Separately, today's motion, seeking over $1.7 million in attorney's fees and costs, sends a message to prosecutors hellbent on ignoring the constitution.  Their willingness to lie and burn through millions in taxpayer dollars to expand the unconstitutional power of the administrative state and to 'silence' their critics is disgraceful," Lemelson added.

During the 2021 prosecution of Fr. Emmanuel, the lead SEC prosecutor called Fr. Emmanuel “a top hedge fund manager with top results in the world” and stated, “Apparently, those results are based on lies… that’s the key part of this scheme.” A Federal jury rejected the SEC’s bogus claim he engaged in any scheme based on lies.  And Fr. Emmanuel’s extraordinary performance has not been challenged since.

As a former Senior Trial Counsel and member of the executive staff of the SEC’s Division of Enforcement recently observed in a Reuters article:

“Not only was the jury unconvinced by the SEC’s showing with regard to misstatements, the jury outright rejected the SEC’s fraudulent scheme charge; the jury also found the SEC failed to prove a negligent, reckless, or intentional violation of the Investment Advisors Act by Lemelson or LCM. . . .The Commission brought the widest array of potential claims against Lemelson and his company, and his decision to fight the charges paid off… He also succeeded in protecting his advisory business and the fund it managed from any liability whatsoever.”

LCM will host an investor conference call on the FYE 2023 financial results today at 8:30 a.m. EST. This call will also be available for replay for approximately two weeks after that.  Register for the call here

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Lemelson Capital Management To Host FYE 2023 Investor Call On January 11

Lemelson Capital Management To Host FYE 2023 Investor Conference Call On January 11, 2023

FYE 2023 Investor Conference Call
January 11, 2024 - 8:30 A.M. EST
 
(Subject to review and approval)
 
The call will include prepared remarks by management, an update on FYE 2023 activities, and a Q&A session.  
LCM is closed to new investors.

There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.


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Reuters Reports on Lemelson’s "Decision to Fight" in Substantial Victory over SEC

“Not only was the jury unconvinced by the SEC's showing with regard to misstatements, the jury outright rejected the SEC's fraudulent scheme charge; the jury also found the SEC failed to prove a negligent, reckless, or intentional violation of the Investment Advisors Act by either Lemelson or LCM…
 
The Commission brought the widest array of potential claims against Lemelson and his company, and his decision to fight the charges paid off… He also succeeded in protecting his advisory business and the fund it managed from any liability whatsoever.”
Read the full Reuters article here

About Lemelson Capital Management

Lemelson Capital Management, LLC (LCM) is a private investment management firm focused on deep value and special situation investments.  During the 2021 prosecution of Fr. Emmanuel, the lead SEC prosecutor called Fr. Emmanuel “a top hedge fund manager with top results in the world” and stated, “Apparently, those results are based on lies… that’s the key part of this scheme.” A Federal jury rejected the SEC’s bogus claim he engaged in any scheme based on lies.  And Fr. Emmanuel’s extraordinary performance has not been challenged since.  In the first eleven months of 2023, Lemelson Capital, which is closed to new investors, returned over 367 percent (net).

For more information, visit: https://www.lemelsoncapital.com or follow on X @LemelsonCapital 

About Rev. Fr. Emmanuel Lemelson:

Barron’s has called Fr. Emmanuel Lemelson an “outspoken” short seller who “wouldn’t settle.” He is the Chief Investment Officer of LCM; follow his work at www.amvona.com or on X @Lemelson

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Fr. Emmanuel Lemelson Comments on US Supreme Court Decision

 Lemelson Capital Chief Comments on Unprecedented 9-year SEC Fight over Ligand Pharmaceuticals (NASDAQ: LGND) 

Jerricho, New York, December 12, 2023 — Rev. Emmanuel Lemelson, CIO of Lemelson Capital Management, today commented on a Supreme Court decision declining to hear his writ of Certiorari related to a November 2021 mixed jury verdict, which found the firm and Fr. Emmanuel Not Liable1  for the SEC’s bogus charges alleging he engaged in a “manipulative scheme” to defraud investors, made false statements about Ligand Pharmaceuticals (NASDAQ: LGND) insolvency and defrauded his investors under the Investment Advisors Act, including under a lower negligence standard.

The 2021 verdict absolved Lemelson of fraud charges related to hundreds of allegations, including business, accounting, and securities fraud, he made against Ligand in 56 pages of reports, two open letters to Congress, and eleven interviews that focused on Ligand practices that enabled drug price abuses and put patients at risk.   However, the jury did find Lemelson liable for two alleged misstatements about a different company, Viking Therapeutics, a pre-operational start-up at the time that Lemelson never traded in, as well as a third statement related to a Ligand indication called “Promacta,” not contained in any of his written reports.   Lemelson stands by the statements.

"The SEC enables their handlers in Big Pharma to prey on the sick and the dying.  This case was infected with prosecutorial misconduct from the outset.  Again and again, they were caught making false representations and presenting false evidence in a ‘win-at-all-costs’ strategy aimed at "silencing" a whistleblower and enabling a massive, multi-year stock fraud at Ligand that cost investors billions," said Lemelson. “Their conduct needlessly burned through millions in taxpayer dollars," Lemelson concluded. 

Read the petition to the US Supreme Court here

On December 7, 2023, the Biden Administration announced it would set a new policy allowing it to seize patents for medicines developed with government funding if it believes their prices are too high.  By 2022, the cost of thirty 75 mg tablets of Promacta had risen to $19,118.    

Following the 2021 trial, the SEC sought $2,300,000 in penalties and disgorgement but was awarded the statutory minimum of just $160,000.  

After Lemelson’s 2014 reports, at least six short reports were published by other entities, making substantially similar claims to the Lemelson reports; Ligand subsequently withdrew its financial statements and audit and faced multiple class-action and investor lawsuits.  After the SEC filed its trumped-up charges, Ligand became the most shorted stock on public markets, eventually losing as much as 80 percent of its market capitalization and destroying billions in shareholder value.   

About Lemelson Capital Management

Lemelson Capital Management, LLC (LCM) is a private investment management firm focused on deep value and special situation investments.  During the 2021 prosecution of Fr. Emmanuel, the lead SEC prosecutor called Fr. Emmanuel “a top hedge fund manager with top results in the world” and stated, “Apparently, those results are based on lies… that’s the key part of this scheme.” A Federal jury rejected the SEC’s bogus claim he engaged in any scheme based on lies.  And Fr. Emmanuel’s extraordinary performance has not been challenged since.  In the first eleven months of 2023, Lemelson Capital, which is closed to new investors, returned over 367 percent (net).

For more information, visit: https://www.lemelsoncapital.com or follow on X @LemelsonCapital 

About Rev. Fr. Emmanuel Lemelson:

Rev. Fr. Emmanuel Lemelson is the Chief Investment Officer of Lemelson Capital Management, LLC; follow his work at www.amvona.com or on X @Lemelson 

For further information, please contact:

Lemelson Capital Management, LLC 
Investor and Media Relations 
Telephone: 516-261-1146

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1Notwithstanding the clear verdict, the SEC published a knowingly false press release following the trial, claiming it had prevailed on its headlines claims of a “manipulative short scheme.”

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Rev. Fr. Emmanuel Lemelson: A Follow Up Letter to the TASIS Foundation Board

On October 14, Fr. Emmanuel Lemelson published an open letter to the TASIS Switzerland and TASIS Foundation board of directors, critical of the school's misleading relationship and sex education program. A November 7, 2023, response exposed the schools' support and promotion of woke ideologies.  In light of new evidence, Lemelson now writes a follow-up that asks key questions.

To read the full letter, click here or see below.

Rev. Fr. Emmanuel Lemelson:... by amvona

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Fr. Emmanuel Lemelson: A reply to the TASIS Switzerland and The TASIS Foundation board of directors

On November 8, 2023, Fr. Emmanuel Lemelson published a reply to the TASIS Switzerland and TASIS Foundation board of directors responding to their recent support and promotion of woke ideologies at the school.

To read the full letter, click here or see below.

Fr. Emmanuel Lemelson: A reply to the TASIS Switzerland and The TASIS Foundation board of directors by amvona on Scribd

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Lemelson Capital Management Reports Preliminary Q3 and YTD 2023 Results

Q3 Net returns:  (18.35) percent - YTD Net Returns: 162.48 percent

Jericho, New York, October 18, 2023 —Lemelson Capital Management, LLC (LCM), today announced Q3 and YTD 2023 financial results.

In the Q3 period ending September 30, 2023, performance was minus (18.35) percent net of all fees and expenses based on preliminary unaudited results.The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned minus (3.28) percent during the same period. 

In the YTD period ending September 30, 2023, performance was 162.48 percent net of all fees and expenses based on preliminary unaudited results. The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned 13.06 percent during the same period.  

"We are satisfied with our YTD 2023 returns as well as the significant additional gains experienced in early Q4, 2023," said Fr. Emmanuel Lemelson, Chief Investment Officer, LCM. "However, YTD 2023 results are an outlier and are unlikely to be repeated in the future," Lemelson cautioned.

LCM will host an investor conference call on the Q3 and YTD 2023 financial results today at 8:30 a.m. EST. This call will also be available for replay for approximately two weeks after that.  Register for the call here

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Lemelson Capital Management To Host Q3 2023 Investor Call On October 18

Lemelson Capital Management To Host Q3 2023 Investor Conference Call On October 18, 2023

Q3 2023 Investor Conference Call
October 18, 2023 - 8:30 A.M. EST
 
(Subject to review and approval)
 
The call will include prepared remarks by management, an update on Q3 2023 activities, and a Q&A session.

Please note that The Fund is currently closed to new investors.  

There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.


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Rev. Fr. Emmanuel Lemelson files Writ of Certiorari with US Supreme Court in Unprecedented 9-year SEC Fight

Rev. Father Emmanuel Lemelson and Lemelson Capital Mgmt., LLC v. Securities and Exchange Commission

Shelburn, VT (August 1, 2023) – Whistleblower and activist investor Rev. Fr. Emmanuel Lemelson (Lemelson) has filed for a writ of certiorari in Lemelson, et al. v. SEC, asking the U.S. Supreme Court to grant his petition in an unprecedented nine-year legal battle with the SEC over Ligand Pharmaceuticals (NASDAQ: LGND).

To access the full writ of certiorari, click here or see on Scribd below.

This follows a November 2021 federal jury trial that cleared Lemelson of all fraud charges that were alleged by the SEC in a baseless 2018 complaint.

“The Supreme Court must uphold its legacy of safeguarding First Amendment rights.”  Said Fr. Emmanuel Lemelson.  “The SEC’s concerted effort to use litigation to "silence" a whistleblower, fueled in part by inappropriate lobbying and prosecutors bent on ignoring the Constitution, is utterly shameful,” Lemelson added.

The 2021 federal jury specifically found that Fr. Lemelson did not “intentionally or recklessly engage in a scheme to defraud, or any act, practice, or course of business which operates or would operate as a fraud or deceit.” The jury also determined that he did not defraud his own investors, even under a lower negligence standard, and that his harshest statements about Ligand’s insolvency were not untrue.

Lemelson, in 2014, issued five critical reports and gave several interviews about Ligand, making hundreds of allegations, including business, accounting, and securities fraud against the company and filing five whistleblower reports. His criticism proved prescient as Ligand’s stock price subsequently fell precipitously.

Lemelson continued publicly criticizing Ligand and the SEC (for their inaction on what he called “The Ligand Fraud”) through 2018, including publishing two open letters to Congress.

For its part, Ligand quietly enlisted a former high-ranking SEC official and a sitting US Congressman (who was later criminally indicted) to “lean on” the SEC to investigate, using baseless allegations against Lemelson. In trial testimony, John Higgins, the former CEO of Ligand, acknowledged that the company's executives wanted Lemelson “silenced for good.”

Eventually, the SEC charged Lemelson with fraud in 2018. Although a jury rejected all of SEC’s fraud allegations, it found that one sentence and one sentence fragment, about a different company that he didn’t trade in, and embedded in his 56 pages of written reports and one two-second comment in an online interview were purportedly misleading.

The U.S. District Court for the District of Massachusetts then held Fr. Lemelson liable for violating the Securities Exchange Act of 1934 and SEC Rule 10b-5. It fined Fr. Lemelson $160,000 and barred him from making similar statements for five years.

###

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About Lemelson Capital Mangement, LLC and Fr. Emmanuel Lemelson

Fr. Emmanuel Lemelson is a Greek-Orthodox Priest, whistleblower, activist investor, and CIO of Lemelson Capital Management, LLC, a private investment management firm focused on deep value and special situation investments.

Follow LCM on Twitter @LemelsonCapital - Follow Fr. Emmanuel Lemelson on Twitter @Lemelson
------------------------------------------------------------------------------------------------------------------------------

Media and Public Relations Contact

Lemelson Capital Management, LLC
Investor and Media Relations
Telephone: 802-332-3833

3

Rev. Fr. Emmanuel Lemelson ... by amvona

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Lemelson Capital Management Reports Preliminary H1 2023 Results

H1 2023 net returns of 221.51 percent

Shelburne, Vermont, July 13, 2023 —Lemelson Capital Management, LLC (LCM), today announced financial results for H1 2023.  In the first half ended June 30, 2023, performance was 221.51 percent net of all fees and expenses based on preliminary unaudited results.1  The S&P 500 TR (the "benchmark"), which includes the reinvestment of dividends, returned 16.89 percent during the same period. 

"We concluded H1 2023 with better than average returns and have significant additional gains in early Q3, 2023," said Fr. Emmanuel Lemelson, Chief Investment Officer, LCM. "However, H1 2023 results were an outlier, and are unlikely to be repeated in the future," Lemelson cautioned.
LCM will host an investor conference call on the H1 2023 financial results at 8:00 a.m. EST on July 14, 2023. This call will also be available for replay for approximately two weeks after that. 
 
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Lemelson Capital Management To Host H1 2023 Investor Call On July 14

Lemelson Capital Management To Host H1 2023 Investor Conference Call On July 14, 2023


H1 2023 Investor Conference Call
July 14, 2023 - 8:00 A.M. EST
 
(Subject to review and approval)
 
The call will include prepared remarks by management, an update on H1 2023 activities, and a Q&A session.

Please note that The Fund is currently closed to new investors.  

There are a limited number of lines available. This call is expected to be oversubscribed.
Call-in details will be provided upon registration approval.


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Watch Fr. Emmanuel on Russia's The Central TV Show Discussing Transableism

 
On May 5, 2023, Rev. Fr. Emmanuel Lemelson sat down with Russia’s NTV to discuss transableism and parallels to transgender ideology, telling the media outlet;
“…take the emphasis off one’s self. What must seem like a radical notion in today’s society, that we don’t belong to ourselves, that not even our bodies are our own, is the polar opposite of what everything our society is telling us,” Lemelson said.   “Love does not affirm misleading and false facts…. we have to be very, very cautious about anything that affirms, under the false guise of compassion, a need to follow through with any harm towards the body, mutilation, self-harm,” Lemelson continued. 
Watch below on YouTube (42 min. 31 sec. mark and 43 min 6 second mark)

Watch the full segment on The Central TV Show below (4 min. 27 sec. mark and 5 min mark).

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