{"id":10571,"date":"2022-04-19T10:40:43","date_gmt":"2022-04-19T14:40:43","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10571"},"modified":"2022-04-19T10:40:43","modified_gmt":"2022-04-19T14:40:43","slug":"li-cycle-holdings-licy-alleged-to-have-broken-business-model","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/li-cycle-holdings-licy-alleged-to-have-broken-business-model\/","title":{"rendered":"Li-Cycle Holdings (LICY) Alleged To Have Broken Business Model"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10572 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Li-Cycle-Holdings-Corp.-LICY.png\" alt=\"Activist investment firm Blue Orca Capital recently published a report on Li-Cycle Holdings Corp. (LICY) (\u201cLi-Cycle\u201d or the \u201cCompany\u201d) indicating that its financial standing isn\u2019t as stable as the company\u2019s press releases indicate.  Blue Orca\u2019s report describes the company as one that uses predictions as reported revenues, and that \u201cLi-Cycle recognizes revenues using an Enron-like mark-to-model accounting gimmick.\u201d  The report goes on to say, \u201cIn our opinion, Li-Cycle is a fatal combination of SPAC trash, stock promotion, awful corporate governance, faulty accounting, and a broken business model which is not economically viable.\u201d\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Li-Cycle-Holdings-Corp.-LICY.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Li-Cycle-Holdings-Corp.-LICY-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Activist investment firm Blue Orca Capital recently published a <a href=\"https:\/\/www.blueorcacapital.com\/short-activism\" target=\"_blank\">report on Li-Cycle Holdings Corp<\/a>. (LICY) (\u201cLi-Cycle\u201d or the \u201cCompany\u201d) indicating that its financial standing isn\u2019t as stable as the company\u2019s press releases indicate.<\/p>\n<p>Blue Orca\u2019s report describes the company as one that uses predictions as reported revenues, and that <em>\u201cLi-Cycle recognizes revenues using an Enron-like mark-to-model accounting gimmick.\u201d<\/em> <a href=\"https:\/\/www.silverlaw.com\/blog\/li-cycle-holdings-licy-alleged-to-have-broken-business-model\/#more-10571\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Activist investment firm Blue Orca Capital recently published a report on Li-Cycle Holdings Corp. (LICY) (\u201cLi-Cycle\u201d or the \u201cCompany\u201d) indicating that its financial standing isn\u2019t as stable as the company\u2019s press releases indicate. Blue Orca\u2019s report describes the company as one that uses predictions as reported revenues, and that \u201cLi-Cycle recognizes revenues using an Enron-like [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,1653],"tags":[],"class_list":["post-10571","post","type-post","status-publish","format-standard","hentry","category-class-action","category-spac"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Li-Cycle Holdings (LICY) Alleged To Have Broken Business Model &#8212;<\/title>\n<meta name=\"description\" content=\"Blue Orca Capital published a report on Li-Cycle Holdings (LICY) stating that their financial standing isn\u2019t as stable as indicated.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/li-cycle-holdings-licy-alleged-to-have-broken-business-model\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Li-Cycle Holdings (LICY) Alleged To Have Broken Business Model &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"Blue Orca Capital published a report on Li-Cycle Holdings (LICY) stating that their financial standing isn\u2019t as stable as indicated.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/04\/Li-Cycle-Holdings-Corp.-LICY.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. 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