Episode 23 - Chris Drose - Drugs, deaths, fraud and short selling.

“The Wolf Den” hosted by Dan David

This week, The Pack visits with Chris Drose (@bleecker__st on Twitter) of the newly launched activist-short fund, Bleecker Street Capital.

Chris published his first short-report in 2014 while he was still in college. He has since been a regular contributor to Seeking Alpha and was the man and mind behind the well-deserved market-based prosecution and ultimate destruction of American Addiction Centers (AAC). Chris has worked for some of the best hedge and short funds in the county, and with many iconic figures in activist shorting. Previously operating as Bleecker Street Research when he was solo, he has just launched a fund, Bleecker Street Capital to continue his excellent activist work.

Chris takes The Pack though some of his biggest reports, including his work on American Addiction Centers (AAC). AAC had ambitions to be a best-in-class national addiction help center. However, greed, accounting fraud, and criminal charges that included Second-Degree Murder laid them low (with Chris’ help!). What is next for Bleecker Street, thoughts about the market, and the short world vs hedge funds; Chris tells us all about it, from the comfort of his bathroom.

Drugs, deaths, fraud and short selling. Sit back, pour yourself a drink, and enjoy.

Links for Chris Drose & topics covered on the podcast.

https://bleeckerstreetresearch.com/

https://www.linkedin.com/in/chris-drose-2a18245a/

https://twitter.com/Bleecker__St

https://www.nytimes.com/interactive/2017/12/27/business/drug-addiction-rehab.html

1:57 Chris gives the back story for Bleecker Street from his toilet.

3:16 Can a 20yo be taken seriously on Seeking Alpha.

4:59 Short selling skepticism and finding the talent to understand the world of shorts.

6:45 Dan meets Chris for the first time and dinner with the parents.

9:31 Chris, piss tests and the war with AAC

13:20 The analyst who will not be named.

14:30 Murder, money and greed.

19:57 Fake Attorneys, an 18 hour deposition and loving a killer.

25:30 So how much money did you make?

27:14 No one went to jail….. Buying land in the Bahamas.

28:46 What came next for Chris, a hedge fund.

32:39 Dan learns what will take The Pack to the next level.

34:04 The changing game.

38:10 Your research is only good if the market agrees with you.

39:11 Going back to Bleecker Street and what a tease.

42:10 GME, short squeeze, the meme stocks and we got blockchain.

43:46 Advise for the listeners.

44:44 A dire prediction.

50:35 Draft kings and 500K.

53:20 Wrapping it up.