Stride Inc. (LRN) is a K-12 online education company, whose management has been misleading investors about the source of its soaring revenues: Federal Covid relief funds that made up an estimated ~ 25% of EBITDA. But those funds expired on Sept. 30, and a company that has been trading near peak everything — Peak EBITDA, Peak Multiple, Peak Stock Price – is facing a single, steep cliff.
Read MoreStride Inc (LRN) – The Last Covid Over Earner – Hiding That Est >25% of EBITDA Came from Covid Funds
Napco Security Technologies (NSSC) – Former Employees Allege Accounting Fraud + Lapping One-Time Sales Boosts
We are sounding the alarm on Napco Security Technologies (NSSC)
We think Napco is a once in a lifetime opportunity to short a boring business with a nose-bleed valuation (>9x P/Sales) that’s set up to decline.
– Former Employees Allege Accounting Fraud
– Insiders Sold >$200 million
– Recurring Revenue Growth is Set to Slow
Globe Life (GL): Executives Disregarded Wide-Ranging “Insurance Fraud” While They Received Millions in Undisclosed Kick-Back Scheme
Globe Life (GL) is an $10 billion Life and Health Insurance Company that sells policies through multiple subsidiaries. The biggest subsidiary is American Income Life (AIL), which accounts for 39% of total premiums; and 50% of total underwriting profits. We uncovered extensive allegations of insurance fraud ignored by management despite being obvious and reported…
Read MoreAirSculpt – A “Liposuction Chop-Shop’s” Cover-up of Patient’s Death, Sanctioned/Under-Certified Doctors, Fabricated Reviews, and Photoshopped Images Exposed
AirSculpt Technologies (AIRS) is a public plastic surgery company that promises patients a safer, less-invasive fat removal/transfer procedure via their “exclusively available” and “patented technology.” AirSculpt’s Founder Dr. Aaron Rollins claims the risk is “roughly equivalent to getting a tooth pulled.” We are short AirSculpt. We discovered the truth that AirSculpt has attempted to hide.…
Read MoreDocGo – Allegations of Fraudulent Billing Practices & Forging of Documents
Through former employee interviews and never before seen lawsuits we discovered serious allegations that DocGo (DCGO) has allegedly been committing medicare fraud and having employees forge signatures on medical documents.
Our research also discovered that DocGo’s management team and board have a long history of connections to past fraudulent schemes and businesses including ponzi schemes, penny stock pump and dumps, and DOJ charges for fraudulently overbilling the government.
Xponential Fitness (XPOF) – “Abusive Franchisor That Is A House Of Cards”
The Founder and CEO of Xponential Fitness (XPOF), Anthony Geisler, has a long history of misleading investors and business partners. XPOF is boutique gym franchisor with 10 different boutique fitness brands. We discovered XPOF is hiding the fact that many of their brands and franchisees are struggling. Franchise businesses are only as healthy as the…
Read MoreSell Lucid – We Believe Buyout Rumor is FAKE NEWS – Came Right After Lock-up Expiration
We are SHORT Lucid Group (LCID) as we think the source of Friday’s Saudi Public Investment Fund (PIF) rumor is likely FAKE.
It suspiciously coincided with a large lock-up expiration from a source with a long track record of being incorrect.
Sell the Fake Rumor!
Read MoreFisker – Undisclosed Bank Guarantees Show the Cash is Pledged; Fisker’s History of Lies Revealed
Exposing Fisker’s “Undisclosed Bank Guarantees” for ~$800 Million. This almost all of the cash!
Senior Executives called Henrik Fisker, CEO, “a Pathological Liar”
We show why instead of “asset-light” Fisker is actually “liability-heavy”
We are Short Fisker
Read MoreEVGO – A Broken “ESG” Company Connected to Jeffrey Epstein
EVGO – A Broken “ESG” Company Connected to Jeffrey Epstein Charger Utilization has DECLINED since 2019 Research Study shows 25.5% of EVGOs Chargers are Broken Key Patent Denied in May 2022 SPAC Sponsor Actually EVGOs Former Failed Owner Hidden Connections to Jeffrey Epstein; July 2nd Lock-up Expiration Coming – Will it Equal Massive Selling? Executive…
Read MoreELMS – EV Pretender – Passing Off Chinese Imports as “Made in the USA”; Booking Fake Revenue of Fully Returnable Products?
Electric Last Mile Solutions (ELMS) is a SPAC that was founded in November of 2020 by James (Jim) Taylor. Jim was not only a former Workhorse Group CEO & Chairman himself but also but he was also the chairman and mentor that oversaw Steve Burns as CEO. Burns is the disgraced Lordstown Motors’s CEO. We…
Read More