On 15 February Diversified Energy (DEC) announced that shareholders could enjoy a tender offer as an alternative to a dividend. Today, citing regulatory differences in the US and UK, that scheme has been scrapped. It is almost as if, faced with bear dossiers and a tanking share price, it is making it up as it goes along.
Yesterday I was happy to publish a new bear dossier on Diversified Energy (DEC) from SnowCap HERE. Today Diversified has responded with a piss poor RNS. Looking on that I reflect on my exposes into its crooked accounting back in 2019.
As you know Lucian Miers is short and I have been a bear for almost five years, even getting the FRC to rap the knuckles of Diversified Energy (DEC) for dodgy accounting. The latest bear dossier to come out is a good read and reinforces my view that this will end in tears for the bulls and is a zero. Enjoy.
I have not weighed in on Diversified Energy (DEC) since 2019 when I managed to get the FRC to rap its knuckles for dodgy accounting. A name change later I sense that there is far worse to come. However, in the interests of balance
Most securities fraud involves shareholders being ripped off but sometimes they can seem to be the beneficiaries, at least in the short term.









