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Posted by
Two Blokes Jun 10 -
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Stock
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Abacus Global Management (NASDAQ:ABL) on Tuesday firmly rejected allegations raised in a June 4 short-seller report, calling the claims “false and uninformed” and defending the integrity of its asset valuation practices. The Orlando-based alternative asset manager said the short report's two central assertions—that Abacus relies excessively on a single life expectancy provider, Lapetus Solutions, and that this inflates its balance sheet—are both incorrect.
