'Clowns' Allege Ubiquiti 'Completely Fraudulent'

Author: John Honovich, Published on Sep 20, 2017

A short seller has alleged Ubiquiti is 'completely fraudulent'.

Ubiquiti's CEO has responded calling them 'clowns'.

Here is the short seller's Citron Research's report on Ubiquiti and embedded below is their video about Ubiquiti:

Poor Research

Citron's 'research' rests on numerous speculations that have no connection to fraud such as literally criticizing him for why he owns an NBA team and why he has never high fived Jim Cramer. Moreover, the short seller completely misunderstand's Ubiquiti's core customer base and their actual success with dealers.

Inside this report, we examine the claims and our critique.

* ***** ****** *** ******* ******** ** '********** **********'.

********'* *** *** **************** **** '******'.

**** ** *** ***** ******'******* ********'* ****** ** *********** ******** ***** ** ********** ***** ********:

Poor ********

******'* '********' ***** ** ******** ************ **** **** ** ********** to ***** **** ** ********* *********** *** *** *** ** owns ** *** **** *** *** ** *** ***** **** fived *** ******. ********, *** ***** ****** ********** *************'* ********'* core ******** **** *** ***** ****** ******* **** *******.

****** **** ******, ** ******* *** ****** *** *** ********.

[***************]

**********

**** ***** ********** ***** ********* *** **** **** **** **** any ********* ** *** ******* ** *****, ********* ********.

**** ** *** * ******** **********, *** ***** ***********, **** based ** ********** **************, ******* **** **** ********.

Misunderstanding ********'* ********

*** ****** ***** ****:

** *** ******* ***** **** ******** ******** ***** ****** ********* in *** **** *******/****** ***** ***** **** *** ***** ** Netgear, *****, *** ******.

*** ******** ** ********* * ******** ******** ********. ***** **** offer **** ******** *** **** ********, ***** **** ******** *** competitive ******** ***** *****. **** ** **** *****.

New ****** * '*****'

**** *** ****** ***** ** *** *** ******** ******, **** them *********:

******* ** ** *** *** *******’* **** ** ********* *** led ** *** ****** ******** ***** ** * ******** ****** – ***** *****….**** ***** ******* * *****.

*********** ****** ******* ***** ** ******* **** ** *** ******* ** **** **** *** **** to ** **** *****. **** ** ********** ***-********** ******** ******* 'loser' ********. ***** *****. ******+. ****** **** *****.

Criticizing *** **** ********

**** *** ****** ***** ** ********'* *** ****** *** ******* Grizzlies:

***** **** ****** **** **** **** ******** * **** ** Silicon ******, ** ******* ***** * **** ** *** ******** in *******.

*****, ****** * ********** **** *** ******* ** ** **** fraud. ** *** ** * ******* ** ****** **** *** it ** *** **********. ****, ******** ** *** ********* *** ** ***** ************ ********'* *** ****** **** * ***** *** **, *********** speaking, ** *** **** ****. ** ** ********** ***** '********' did *** ******************* ******'* $** ******* ********.

The *********** #* *** ****

******'* #* *** ****, **** ******** *** **** **** *** 'misunderstood', ** ************ ***** **** ** **** *** **** ***** to ****** ******** ***** *****:

********** *** *** **** *** '*************' *** ** ** **** of ***** ********** ***-********** ******.

**** ** ********* ** **** ****** ***** **** ** *** #1 *****, ********* **** ********* **** ******** ****.

Not ** **** ** *******

***** #* *** **** ** **** ********'* ********* ******* ****** legitimately ** **** **** ****** **** ******* *******:

***** ****** *** ******* ******** ** ***** ***** *** ******** is *** *** ******** ** ************ ******** ********** **** *******. For *******, *** *********** ******** ************* *************** ******** ***** ************ ***********. ************* *** ******, ****** ********** ************** **** ******** *****.

'Everybody **** ************'

***** *****, ****** *****************'* '******' - **** **** ***** ***** ****** ******* **** use ************. ****** ******** ****, ****** ******* **** ************ ***.

*****, *** ******* ** *** ********** **** ******** ** * B2C *******. *******, ******** ** ********* * *** *******, *** for ***** *********, *** ****** * ***** ***** ** ********* atypical. ** ** ****** ********, ***** ******* ********* ****** ********* and ********* ***** (*** ***** ******* ***********) *******. ******** **** not ** ****.

*** ****** * ***** ***** ** **** ** ********* *** disadvantage *** *** *******. ** ******* **** ****** ***** ******** model *** ****** ***** **** ********* ************* ******** ** ***********. It **** ************ **** *** **** ******* **** ****** ***** support. *******, ******, ** ******** ***** ****, *********** ****** **** ***.

'Community ** ********'

******* **** *************'* ********* / ******:

****** ** ** **** ********** *** ***** **** *** ********* is ********, **** ********* **** *****.

*** ****** ** ********** ***** ***** **** ****** **** **** are ******* *** ** ***** ******* *** ******* ** ** night ******* ***** ****** *** ** ***** *******? ** ****** get “***********” ***** ***** ****** ***** ** ***** *****?

*** *****, *** ****** ** *** ******** ****** *** ******* professional ******* *** ************ ******* **** ** ** ********** ***** their ********. ****, ******* ******** **** *** **** ****** ***** people ** ****** *********, *** '*********' ** *** ******* *** for ******** ******* ** *** **** *** ***** ***********.

******* ********** ******** ** *** *** ********* ** ****. ******* ********'* ***** *** * *******, ***,*** ** **,*** users, ***** ** ** ***** *** ********* ** **** ******.**** *** ********* ** ** **** ** *** *** ***** ** ******** and ******* ** ******** ********* ******** ****** ** *****.

****, ***** *** *** ***** ********** ********** *** ******** *** the ******** ********* ***-******. **********, *** **** ******** ********** *******,******* **** * ******* ******* ******:

Only *** **** ********** ******** ******

** *** ****** ** **** ******, **** *** **** ** on ********** ******, ** ***** *** *** ** ********* ****. This ** ****** *** ********* ** ********.

*******, * **** '*****', ** ** ** * *****, ***** have **** ********** ****** *** * **** '******' ***** ***** on ****.

High ****** *** ******

*** ***** ********* **** *** **** ******* *** ******* **** contention ** **** **** ** ** '*******' ******.****** ********:

****** ** *** **** ****** ***, ******* ** ********... **** reminds ** ** *** **** - ******

**** ** * *********** ***** ***** *** ****** *** * cheerleader *** *** ******* **** ***** ** ****** ***** - Theranos, *** ****-**-***** ***** *****:

**** ****** ******** **** ** '*********' ***** ** ** **** appearances ****** * **** ******** ********, **** **** ***** ***** time ********* **** ** *** ******** ****** **** '**** ******' Jim ******.

Fraud ** ***?

** *** *** ********* ** **** ** ********, ** *** company, ** * '*****' *** ** ********* *** *********** ******* many ** ******'* **** *********** ****** *** **** **** *** only ************ *** ******* ************.

Vote / ****

Comments (60)

Avatar

Jon Dillabaugh

Pro Focus LLC | 09/20/17 12:43pm

**** ****** *** * unique ******** ***** **** outsiders ******'* **********. ** an ********, * *** understand *** ***** **** don't "*** **". ** your ****** *********** ***** this ******* ** ***** on * ************* ****** as * **********, **** whole ********** **** ** skewed ** ****. **** do **** **** ******.

Avatar

Jonathan Lawry

Trecerdo, LLC | 09/20/17 01:00pm

*'** *** ******* *** installers *** ***** ** their ******* *******. * know ** ** ***** option ** *** **** a ******* *** ****** of **** ****. (**** that ***** ***** *** routers *** ******* *** though).

**** **** ** ** solid ******** *** **** as **********.

Undisclosed Distributor #1

09/20/17 01:03pm

**** ********* ****** **** a *** ****** ** home...masquerading ** ******* **** knows **** **** *** talking ***** *** *********** a ********** *******. ***** is * **** ****** word *** * ***** not ** ** *** least *** ********* ** Ubiquiti **** ** ** down *** ***** ***** on **** ***.

Avatar

Jonathan Lawry

Trecerdo, LLC | In reply to Undisclosed Distributor #1 | 09/20/17 01:20pm

******** * ******* ** fraud ** *** *****....***** so ***** ************** *****-******* their ***** ** ********* else ********.

***** * ** ** attorney, * **** ** least ** ******** ********* of ********** *** *** libel ****. ** **** dude *** **** **** short, *** ** ****** these ****** ******* ***** basis, ** *** ** opening ******* ** ** a *** ** *************.

John Honovich

IPVM | In reply to Jonathan Lawry | 09/20/17 01:24pm

********* *** ***** ** Citron ********,****** ****, *** * **** history ** ******** ********** companies *** ** *** made ** **** ***. I **** *** ******** his ***** ****** ** ascertain *** **** ** bad *** ******** '********' was.

**** *****, * *****, calling ****** * '*****' with ** ****** ******** is ********.

Gerald Spradlin

In reply to Jonathan Lawry | 09/26/17 11:27pm

** ******** ** *** short, ** *******, * would **** *** ** loaded ** ** ***** puts ** *********** *** gains. ****** (******) ** often ******** ** **** and **** ** *** normal *****. ** ******* NVDA, ** **** **%, he ****** ***, ** has ******** ******** * sizable ***** ** ******* furniture **** ** ********* crushing *** ** ** continues ******. *** ** is ******** ** *** Wayfair ***** ******. ** is ****** *** *** fraud **** ** *******. Kind ** *****, ** was **** **** ******** of ******** *** ****** them * **** ** the ********** ******* ****** and *********** **** *******. Unfortunately *** ******, ***** bought ******** * **** or ** ***** ** a **** ******* *** crushed *** ***** ******. He **** * *** on **** ***.

* *** **** ******* he **** *** **** "fraud" ** ******** *** firms ***** ****** ** Ubiquiti. * **** ***** heard ****** ***** ********** of ********. ***** ******** solved ****** ******** *** while ** ***'* ****** Ubiquiti, * **** **** they *** * **** company **** **** **********. Citron ***** **** **** more ************ ********. ** this *****, ** **** seem ***** *** ****** to ********.

Undisclosed #2

09/20/17 01:40pm

******* ****** **** **** *** ****** **** ** ** ***********

John Honovich

IPVM | In reply to Undisclosed #2 | 09/20/17 01:42pm

****'* ***** *** *** can't ***** **** *********** stock ***** **** ** public (***).

Undisclosed Integrator #3

09/20/17 01:46pm

*******, *****, *********.

***** **** *** ****** a ****** ******?

****** *****, * **** they ***** ***** *** servers **** ** *** day, *** * ******'* be ********* ** **** built ***** *** ****** gear, *** **** *** lumping ****** **** ** Cisco ************ *** ********* perhaps?

John Honovich

IPVM | In reply to Undisclosed Integrator #3 | 09/20/17 01:48pm

#*, * ******* ** means ********* **** **** ****, ***** ******* ******** Ubiquiti ** ********* * consumer ********.

Avatar

Sean Nelson

Nelly Security | 09/20/17 01:57pm

* **** *** ** amazed **** ******** ** so ******* ***** **** have ** ***** **** and ****** ****** ** community ******* ****** *** tech *******. ***** **** every **** ******** ****** dream ** **** **** a ******** *****.

John Honovich

IPVM | In reply to Sean Nelson | 09/20/17 02:00pm

** ****** ** ****, I ***** ****'* *** Ubiquiti ** **** ********** to *** **** ******* competition **** ** *****, Netgear, ***.

**** ** ******** ** surveillance. ***** ******** *** around *** **** ***** as ***** *** ********* but ***** *** ********* include **** ** *****, marketing *** **** ******* - ***** ** * big ************ *** ******** and * ***** ****** in ******** ***** ******* rivals.

Avatar

John Bazyk

IPVMU Certified | In reply to John Honovich | 09/20/17 11:38pm

* *** ********* ** using ***** ******** ** first. **’* ****** *** we *** ***. ** the **** **** **’** sold * *** ** it *** *****’* ****** support *** ********* ** warranty. *** ***** **** seems ** ****. ** would ** **** ** have * ***** *** come ** *** **** to *** ******* *’* sure **’** *** ***** their ******** ** ***** full ********** *** **’* not **** ***** ** stopping ** ******.

Avatar

Brian Hampton

IPVMU Certified | In reply to John Bazyk | 09/21/17 12:39pm

*'* ** *** **** boat. * **** ***** support ****** **** ***-**'* to ** * *** too ********* ** ***** but *** *** *** come * **** *** in *** **** * years ** * ***** where * ****** **** any *******. * **** telling ** ********* ** just ***** *** ***** working. * ***'* **** remember *** **** **** I *** ** ***** an ********** *** ** it ******* *******.

Michael Miller

In reply to Brian Hampton | 09/21/17 01:03pm

** **** **** *** there *** ****** ****** you **** ** **** with. ** **** ********* a ** ****** ***** network **** ***** **** fiber ** **** ****** and * *** ** 48/24 *** ** **** switches. ** *** **** switches ** ******* ** the **** ******** *** have ** ******** ********* the *** ***** ****** 1GB ** ****. ** you ***** **** ** the ****-********* **** **** will *** *******. ** this *** ** ******** if *** ** ** the *** ** ******* the ****** ** **** out ** **** *** connect *** ***** *** then *** **** ** take *** ****** ** other *** **** ** patch ** ** *** copper ** *** *** get *** ****** ** see *** ********** ** make *** ******.

Avatar

Brian Hampton

IPVMU Certified | In reply to Michael Miller | 09/21/17 01:15pm

****. **** *** **** the **** **** **** of *** ******* ******** now **** **** ***** in **** ******** *******. While **** ****'* ** fast **** *** ******* as **** ***** ****, I ***** **** **** enough ****** ******** ***** these ****** ** ***** forums **** ********** *** fixed ***** ** ****. I *** ******** * long **** *** **** many ******** **** **** accessible *** ***** *** are *** ****** ********** in *** ***.

Michael Miller

In reply to Brian Hampton | 09/21/17 01:18pm

***, * *****. *** 16 **** **** *** a *** ** ********** able ********** ** ***** NICs *** ** ***** like **** *** ****** starting ** ******* ****. They **** **** ** add **** ******** ** the ***** ******** *** they **** * ***** 3 ******.

Undisclosed #9

In reply to Michael Miller | 12/14/17 03:34am

**** ***** **** ** *** ******* ****** **********. ***** **** we ***'* ******* *** *** **********.

Undisclosed #4

09/20/17 02:24pm

**, *'* *********, *** ****** ****** ** $**** ** * total *****.

Avatar

Brian Rhodes

IPVMU Certified | 09/20/17 02:49pm

**'* *********** ** ** that ** *** ******** Citron ***, **** ***'* mention ******* ******* *** how **** *****/****** * big **** ** **** appeal.

*** ******* ** *** really * **** *********, they *********** ******** ****.

** ** **** ** an **********, * ******** one ***** *** * $2000+ ***** **** ***** or * $*** **** device **** ********* *** same **** ********* ****.

Shannon Davis

TED Systems | 09/20/17 03:04pm

*** **** **** ***** I **** **** ******** is ***** **** ** tech ******* *** ***** training ** ************ *********. Through **** ***** ** found ** ** *** these ******* ********** **** they **** **** ****** and ***** ******* *** training ** ****.

Undisclosed #4

09/20/17 04:04pm

Marty Calhoun

IPVMU Certified | 09/20/17 05:05pm

*** ******** ******** **** are * **** *******, even ** *** **** Hikvision (***** ** *** know ** *** **** my ***** *****) ***** folks **** ***** ****** several ******** ******* ** have *********** ** *** Tower *********** *** ******** communications ******** ***** ***** way, ***, **** ********* antennas ***** ****** ***** and ******** ****** **** day *** *** ***** does.

Undisclosed Integrator #5

09/20/17 09:38pm

** *** *** **** **** ******* ***** * *** **** our ** ****** ******* ** **** ** *** **** *** in ************ ************... **** ** **** ** *** ************. ***** them ** ** **** ******** *** ********** ***********.

Avatar

Brett Byrnes

09/21/17 12:14pm

**** ***** * **** with *******. ** *** is ******** *** ********** is ******, **'* **** attainable.

** **** ******'* ****, someone **** ***** **** eventually

Avatar

Matt Leonard

09/21/17 12:26pm

**** *** ** *** mayor ** *********. ** literally *** ** **** who ********'* ******** **** is. ***** ******** *** solid *** ** **** been ***** **** *** a ****** ** ***** now. ***** **** **** challenges, *** ******* **** we *****'* *** **** other *************. ***** *** choice ******* * *****, intuitive, *** **** ********* product ** * ****** paid *-***** *** ***** force ********** ** **** calls *** ******, **'* a **-*******.

Avatar

Eyal Kattan

09/21/17 01:32pm

****** ** ********* * compliment. *** *** *** not **** ***** ************* of ****** *********, ********* growth ** **********. *** even **** *** **'* getting **** **** ** attention.

********, ****** **** *********** level ********** ** ******** pricing. ****** ** ****.

** ******** **** **** zero ********* ******* ****** monitoring ***** ******. **** means, ****** *** **** what *** *** *****, you *** *** ** the ***** ** **** own. *******, *** ****** are **** ****** *** responsive.

**** ******** ***** ******* Ubiquiti ** ********* *** market ************ *** *** some ******* ******** **** their ***********

**** ***** ****, ***** isn't **** ** ******* for ******* *** ****'* a ********* **********.

John Honovich

IPVM | In reply to Eyal Kattan | 09/21/17 01:40pm

*** **** **** *** he's ******* **** **** of *********.

****** **** *****, * do *** **** ****** Research, *** ** ** evidently **** ***** ****** that *** ** ***** wrote * **** ******* about *** ******* **** year -*** ****** ******** **** ****** ****** Left ****** *** ************** — *** **** rich ***** **.

*******, *** ***** *** drop *** *** ** announced *** *** ******* partially ******* ****:

** ***** ** **** enough ********* **** ******* that ********* ** ****** a ****** ****-*** *** once ****** *** ****** time ** ******* **, overall ********* ********** **** the **** *** ****.

Jeff Myers

09/21/17 02:26pm

** * ******* ** replaced *** ****** ******** infrastructure **** ******** ******** and **** ********. ** the ** ***** * have ****** **** ** have ***** *** * more ****** ***********!! ** is ********* **** ** configure.

** **** **** ********* the ******** ******** ** many ******** *****; ***** their ********, ****, *** especially ***** *** *** PtMP ********. *****, ***** sites **** **** ********* stable. ** ***** ********/******* company ***** ** ******* to ***** ******* **** in **** **** *****: stability, *********, *** ***** POINT!!! ***** ***** ****** are ** *********** ** is **** ** ** with ****** ****. *'* usually *** *** **** of ****** **** ** this **** ** * "fan" ** * ******* or *******, *** ** is **** *** ** be **** * ******** perspective *** *** ********* that **** **** ********.

Undisclosed #6

09/21/17 03:37pm

**** ** * ****** tactic **** ******** *****. They ** **** ********, hit *** **** ****** about *** *******, **** claim * ******* *** with ***** ** *** letters ** ******* ***** short ********.

********* ** ** ****** successful, ********** ** ***** fraud ****** ******** **** an ************ ** *** quarter ** ***** ** performance ******** ** ****** expectations.

**** ** ***, *** more ******* **** ***** goons *******. *** **** publicity **** ***, *** more ****** ***** ******** scheme **** ** *******.

Avatar

Bob Kusche

09/21/17 03:37pm

* ***'* ***** ****** *** ******** ***** ******** ** *** FRONT ** ***** *****!

Avatar

Brian Rhodes

IPVMU Certified | In reply to Bob Kusche | 09/21/17 04:35pm

***. *** **** * understand ****, *** * laughed **********.

Undisclosed #2

In reply to Brian Rhodes | 09/21/17 04:41pm

Avatar

Brian Rhodes

IPVMU Certified | In reply to Undisclosed #2 | 09/21/17 04:50pm

* *** ****, *** don't ****** ********** *** that ********** ** ***** untrustworthy.

** *********** **** ********* up ***-*** ********* *** years, *** **'* ** to **** **** **** anyone ******* *** * liar! :)

Avatar

Bob Kusche

In reply to Brian Rhodes | 09/21/17 05:14pm

****'* * *** *** **** * ********* ***** **********!

Undisclosed #2

In reply to Brian Rhodes | 09/21/17 05:16pm

Joe Lara

In reply to Undisclosed #2 | 02/21/18 05:35pm

*** ** *** **** the ***** ** ***** with *** ******** ******? :)

John Honovich

IPVM | 09/25/17 05:40pm

******:****** ******** *** ******** an ****** **** ** questions**** *** **** **** focused ** **** ********* issues:

*****, ** ****** ******* to ****** *** **** flow ********* ***, ** least, ***** ********* *** more ******** ** ********* fraudulent ********** **** ********** and *** ****** **********.

*************, **** ***** ** back ** ~$** ***** was **** ** *** before ******'* ******, ** far **** **** *** whethered ***** *********** ****.

Undisclosed #2

In reply to John Honovich | 09/25/17 07:12pm

"***** ********* *** **** ******** ** ********* ********** ********** **** the ********** *** *** ****** **********"

******.

** *** *** **. **** **** **** *** **** *****?

Undisclosed Integrator #7

In reply to Undisclosed #2 | 09/25/17 08:33pm

******* ** *****: ******** Stock ****** **** **** and **. **** ***/** his ******* *********** ** shorting *** ***** ** make * ****. ** wasn't ***** **** **** their ******** ******** ** task **** **** *** to ** ***** *** and ******* * **** analysis. **** **** ******** doesn't ******** **** *** type ** ***** ** or *** ***** *****.

Undisclosed #2

In reply to Undisclosed Integrator #7 | 09/25/17 10:12pm

"******* ** *****: ******** Stock ****** **** **** and **. **** ***/** his ******* *********** ** shorting *** ***** ** make * ****."

****** *****.

* ********** *** ********** part ** *** *** shorting ****** *****, *** if **. **** *** going ** **** *** alarmist ****** **** ** did, ***'* ***** **** leading **** *** **** stuff (*********) ******* ** the **** ***** (******/*********) would **** ******* *** price **** (*****) ** the ******** *** (***** recovered) *** ***** ******** did **** ***** ** published *** ******** ***** post.

John Honovich

IPVM | In reply to Undisclosed Integrator #7 | 09/26/17 12:03pm

** ****'* ***** **** took ***** ******** ******** to **** **** **** had ** ** ***** job *** ******* * real ********.

* ***'* ***** **** has **** **** ** influence ** **** *****. I ** ***** * number ** *********** ****** were ****** ******* ********** to **** ** **** here.

Undisclosed #4

In reply to John Honovich | 09/26/17 04:29pm

*************, **** ***** ** back ** ~$** ***** was **** ** *** before ******'* ******, ** far **** **** *** whethered ***** *********** ****.

****** ****** *** **** makes * *** ***** covering. **** **** **** holders *** **.

***-******* *** ***** ****** fooled **** *** ****.

* *** **** **** that :)

Avatar

Luis Carmona

IPVMU Certified | 09/26/17 11:56am

******** ****** ** ****** from **** ******* ******* control ****** ******* ***** ago **** **** ** switch ** **********/******** *** we've **** **** **** ever *****. **** ***** and ** *** ****** tech *******. *** * respect **** *** *'* sure ****'** ******** ******** issues **** *** ** they ******'* ***** **** the **** ********* **** they ** *****.

** *** *** ******* a "**** ****" *********** from ******....

******"**** ******* ** ****! Do *** **** **** money *** [** **** Stearns]!... ****'* **** ***** silly!"

* ***** *** ******* and *********** **** *** Cramer ***** ** * good ***** (** *** contrarian ***).

Undisclosed Integrator #8

09/26/17 08:30pm

* ******* *** * hour ******* **** ********** analysts *****. ** *** previously **** ********* ***** to *** ****** ******. After * *** ********* snafus ** *** *********, it ********* ** **** alone ****** ***** ** hour ********** ** *** vision *** ****** ******** model, *** **** ******** questions *** ***** * hours. *** ***** ******* almost * ***** ** the ***** **** ** his ********** *** **** recovered **** ** ** and ******* ***. **** of *** ********* **** surprisingly ****. ** ********* or ********** ***** **** the ***********. ** ***** at ***** **** *** market **** **** **** what ** ****. ** it ****** *** ***** down, **** **'** *** stock ****. *** ********* governance ** ***** ** simplicity *** **** *******. He *** *** ******* amount ** ***** ******* legally ******** ******* ** doesn't ***** **** ****** accomplish ****.

*** **** **** **** I ***** ***'** **** interesting ** **** ** analyst ***** *** ***** security *******. ** ***** a ******* ****** ** time ** *** ******* and ****** ** ****** know **** ** *** talking ***** ** *** details. **** ******* *** frustrated *** **** **** video ********. ** **** he *** *** ****** back ****** **** *** wanted ** ** * big ******. ** ********* the ****** **** *** Pelco, ****, *********, *** to **** ****** ******** Axis, ***** **** ***** but *********. **** **** just ****'* ******* *********. Decided ** ***** *** software ** **** **** source, **********, *** ** didn't **** ** *******. Eventually ******** *** ********, but *** ****** *** been ******** ********* ** HIK *** *****. **** arrived ** ***** ** had ***** **. ***** sold ***** * ******* cameras, * ******* ** the ***** ********. ****** there ***** ** **** potential ** ** ******** user **********, ***** * took ** **** ********, but ****** *** * huge ***** ***** *******.

John Honovich

IPVM | In reply to Undisclosed Integrator #8 | 09/26/17 08:35pm

#*, ******! **** *******, interesting ********.

* ******* ******* ** believable, *** $*** * piece, **** ** $*** million ** ******* ***** ~2012, **** ****** ********** to **, ***** * smaller ******** *** **** and ***** *** *** industry.

***, *** ******,**** ** *** **** to ****** ** *** call (******* ************ ********).

Undisclosed Integrator #8

In reply to John Honovich | 09/27/17 01:58pm

** *** **** ** **** *** ******** ** ***** ****** above, **'* ** *** *:**:** ****. ***** ** **** ****, so ***'** ******** **** ** **** **** ******** ** **** volume.

Paul Shah

09/26/17 09:33pm

**** ****** ** ******** from *** ******* ****** was ****** *** ********* financial ***********, *** *** validity ** *** ********.

John Honovich

IPVM | 10/04/17 02:14pm

******: ********'* ***** ** now **** **** **** it *** ****** ****** Research ******* **** ** being **********.

***, ****** *** ***** onto *******,***** *****:

John Honovich

IPVM | 11/19/17 05:54am

***** ******: ********'* ***** is *** ~**% ****** / ~$* **** **** the *** ****** **** short ****** *********.

Michael Miller

02/21/18 02:40pm

***** **** *** *** on ** *********.

******** ******** ***** ***** after ********** ** *** subpoenas

John Honovich

IPVM | In reply to Michael Miller | 02/21/18 02:56pm

*******, ****** *** ********. Ubiquiti's ***** ******* ~**% yesterday ****** **'* ** a ****** *****:

** * ********* ** the ******** ****, * can't **** ** ******** has ********* ************** *** Citron's ****** **** *** poor.

* ** ****** *** much ** *** ********* Citron ******* ******** *** SEC ** ****** ********.

Michael Miller

In reply to John Honovich | 02/21/18 03:00pm

******** **** **** *** SEC ***** *** "********* and *********** ******** ** a ***** ** ******, including ******* ******** ** the ******** *********, ********** practices, ********* ***********, ********, international ***** *********, *** relationships **** ************ *** various ***** ***** *******." The ******* **** ** plans ** "********* *****" with *** ********.

**** ** ***** ** be *********** ** *****.

Undisclosed #6

In reply to Michael Miller | 02/21/18 03:36pm

*** ****** ***** ** nothing ***** ** ***** may **, *** ***** are ****** ******** ********. The *** ********* *** some ***** *** *** request, *** ** *****'* necessarily **** **** ***** is **** **********.

* **** ** ******** with ******** ******. * don't *** ***** ******** professionally, *** * **** a ***** **** ** their ******** **********!

Undisclosed #4

In reply to Michael Miller | 02/21/18 05:23pm

***** **** *** *** ** ** *********.

*****, *** **** ** ** ***, *** ** **** *** stomach ** **** *** ***** ********* **** *** ***** *** stock *** ** *** ******?

Avatar

Matt Leonard

02/21/18 04:53pm

*’** **** ****** ** find **** **** ** the *********, **** ** luck. * **** ** this ** * ***** opportunity ** *** **** more ******, *** * might ** ** *****. I *** *** *** people ***** ****** **** there ** ********* ***** when * ******* *** consistently **** ********** ***** without ****** * ***** team, **** *****’* **** any ***** ****** *** are * ******** ** theirs *** ********** *** they *******.

John Honovich

IPVM | In reply to Matt Leonard | 02/21/18 05:01pm

****, *** ******* ****** * **** found ** *** ** from **** *** ** just ********* * ********* (here). * ***** ** wrong *** * ***'* expect **** ******* ** come ***** *** *** releases ********.

Avatar

Matt Leonard

In reply to John Honovich | 02/21/18 10:47pm

****, ****'* **** **** I *****... ***** ** very *****. ** ***** absurd **** * ******* can **** **% ** its ***** ****** ******* someone ***** ** **** to **** ** *** record. * ***** ****** are ** *** ******* of "***** ***** ** smoke, ***** ** ****" As **#* ********* *****, Wells ***** ***** ***** credit ******** ** **** (can't **** ********* ** the **** **/*** ******). I ***** ***** **** DD ** ******* ********** would **** ** ** involved ** ****.

* ***** **** **** a ********* ******** ******* line *** *** ****** changing *** ****** **** with **** *** **** of ***. ****** **** ever **** ***** **** out ****** ** ****** out ** ** ** Cisco **** *****?

******: **** ******* *** been ***** ** *** own **********:****** **** ******** **** Lost **% ** ***** Value ** *** ******** Announcement

Undisclosed Integrator #8

02/21/18 06:46pm

* ********, *** *'* very *** ********.

*.* *** ******** **** sort ** **********, *** it ** ******* **** these ***** ********* ** the *** ****** ****** exactly *** **** ****** points ** ****'* *** piece. **** ********* ****, distributor *************, ***.

*.* * **** ***** poison **** **** **** date ** ******** (*** of **** *****, * think) ** *** ***/**** of *** ******* ********* NBA ****. **** **** personally ****** *** *** as ** **** ****** sell *** ******** ********, or **** ** ** the ***** ******* * shareholders. *** ***** ** NBA ***** **** *********** in *** **** ** months. ***** **** ** a ****** *********** ** negatively ****** **** ** some **** ** *******?

*. ***** ** ****** concerns **** *** *** is ******* *********, ** tread **********. * ** think **** **** ******** their **** ********* *******, but ****'* *** ****** financially ********. **** **** so **** ******** ** Twitter *** **** ***** depending ** *** **** of ***** *********** *** were ********** ** **** tons ** **** *** accounts.

*** *******, ****, ***** Fargo **** ***** ***** credit ********* ** **** (since *** **** *** piece) ** $*** *******. I ***** ***** **** WF *** ***** *** diligence. **** *****'* ****** to **** ****, ** has ***** ****** * secondary, ** *** ****** a ***** **** ** stock ****, *** ********* post *******. ** **** were * ****, *** would ***** **** ***** have *** *** ** cash ** **** ***** long ***.

****** **** ***** *** the **** **** ** not *** *** ***** of *****...

**** **** ** *** :)

Chad Rohde

In reply to Undisclosed Integrator #8 | 02/21/18 10:10pm

**** *'* *** ********, so **'* ******* *** me ** **** ** Ubiquiti **** ** *** time.

*** **** **** * almost ******* ***** **** #8

*** ********** ** * will ********** ****** **** sort ** **********. **** the ******** **** *** dump ** ******** *** want ** **** **. And * ***** **** less **** ******* ** UBNT *****.

*** **** ***** ****** exposed *** **** **** some ****** ******** **** the ***. *** *** SEC *** **** ******* representatives ****** ********* ** side ***** ** *** average ********* ****.

***** **** **** *** SEC **** ***** *** "Community"?

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