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Could 'secretive' Venture soothe market jitters by clearing the smoke?

In print this week

Could 'secretive' Venture soothe market jitters by clearing the smoke?

Benjamin Cher Published on Fri, May 11, 2018 / 11:13 AM GMT+8

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SINGAPORE (May 11): In the wake of a short-selling attack, shares in Venture plunged 32.6% within three weeks to hit a low of $19.42 on May 2.

This came after over one million of its shares were shorted on April 20. Then, a group calling itself Valiant Varriors said in a blog post on April 24 that Venture was being affected by weakening sales of smokeless cigarette devices produced by Philip Morris International.

Valiant Varriors claims about 30% of Venture’s revenue comes from Philip Morris’ iQOS heat-not-burn devices, and said Venture’s sales orders for the device have declined 50% from initial 2018 forecasts.

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Could 'secretive' Venture soothe market jitters by clearing the smoke?

In print this week

Could 'secretive' Venture soothe market jitters by clearing the smoke?

Primary tabs

Error message

Could 'secretive' Venture soothe market jitters by clearing the smoke?

In print this week

Could 'secretive' Venture soothe market jitters by clearing the smoke?

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