#  @GothamResearch Gotham City Research Gotham City Research posts on X about company, $kd, we are, $lb the most. They currently have [------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours. ### Engagements: [-----] [#](/creator/twitter::955733059/interactions)  - [--] Week [------] -2.70% - [--] Month [-------] +9,355% - [--] Months [-------] +56% - [--] Year [---------] -60% ### Mentions: [--] [#](/creator/twitter::955733059/posts_active)  - [--] Week [--] -23% - [--] Month [--] +387% - [--] Months [--] +47% - [--] Year [---] +267% ### Followers: [------] [#](/creator/twitter::955733059/followers)  - [--] Week [------] +0.92% - [--] Month [------] +9.50% - [--] Months [------] +11% - [--] Year [------] +15% ### CreatorRank: [---------] [#](/creator/twitter::955733059/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [stocks](/list/stocks) [technology brands](/list/technology-brands) [countries](/list/countries) [cryptocurrencies](/list/cryptocurrencies) [currencies](/list/currencies) [exchanges](/list/exchanges) [financial services](/list/financial-services) [travel destinations](/list/travel-destinations) [celebrities](/list/celebrities) **Social topic influence** [company](/topic/company), [$kd](/topic/$kd) #2, [we are](/topic/we-are), [$lb](/topic/$lb), [financial](/topic/financial), [accounting](/topic/accounting), [$crto](/topic/$crto), [$cvna](/topic/$cvna) #59, [kyndryl](/topic/kyndryl), [link](/topic/link) **Top accounts mentioned or mentioned by** [@finnbarian](/creator/undefined) [@hindenburgres](/creator/undefined) [@realjimchanos](/creator/undefined) [@willauerprosky](/creator/undefined) [@blue_chip1](/creator/undefined) [@qtrresearch](/creator/undefined) [@sharesleuth](/creator/undefined) [@claritytoast](/creator/undefined) [@longshorttrader](/creator/undefined) [@lopezlinette](/creator/undefined) [@crypto_condom](/creator/undefined) [@vibeship1](/creator/undefined) [@boxlongs](/creator/undefined) [@negligible_cap](/creator/undefined) [@gothamcityresearchdearburfordcapitalshortsellersareimportantplayersinfulfillingjustice4d88d48e6fe6](/creator/undefined) [@ft](/creator/undefined) [@herbgreenberg](/creator/undefined) [@svaperpol](/creator/undefined) [@nicoolas](/creator/undefined) [@_kablaa](/creator/undefined) **Top assets mentioned** [Kyndryl Holdings, Inc. (KD)](/topic/$kd) [LandBridge Company LLC (LB)](/topic/$lb) [Carvana Co. (CVNA)](/topic/$cvna) [Texas Pacific Land, Corp. (TPL)](/topic/$tpl) [IBM (IBM)](/topic/ibm) [MediBloc (MED)](/topic/$med) [Iron Mountain Inc (IRM)](/topic/$irm) [HORIZON KINETICS HOLDING (HKHC)](/topic/horizon-kinetics) [Yala (YALA)](/topic/$yala) [Burford Capital Limited (BUR)](/topic/$bur) ### Top Social Posts Top posts by engagements in the last [--] hours "Later today we will be releasing a new report on a Company. Our report introduces previously non public information that we legally obtained and believe is a smoking gun. We believe this report will be regarded as the best and most impactful work we've done in our [--] year history. We think this Company will age as one of the biggest Corporate Scandals of America over time. cc: @HindenburgRes @RealJimChanos https://twitter.com/i/web/status/2016516613260894644 https://twitter.com/i/web/status/2016516613260894644" [X Link](https://x.com/GothamResearch/status/2016516613260894644) 2026-01-28T14:20Z 46.2K followers, 203.7K engagements "Carvana: Bridgecrest and the Undisclosed Transactions and Debts - Last year: both @HindenburgRes and @RealJimChanos lamented at the limited transparency into $CVNA related parties DriveTime and Bridgecrest. - Last week: $CVNA refused to release financial details about DriveTime in a closely watched lawsuit against Carvana and its executives alleging they carried out a fraudulent pump and dump scheme - TODAY: We are releasing the DriveTime [----] Annual Report and the GoFI LLC Annual Report we obtained via Freedom of Information Act request along with our report. for our full report DriveTime's" [X Link](https://x.com/GothamResearch/status/2016547974776861083) 2026-01-28T16:24Z 46.2K followers, 300.2K engagements "Below 👇 is a must read on $CVNA in our opinion. Just published my forensic short thesis on $CVNA: "Carvana Subprime Auto in Prime Clothing" Stated-income loans everywhere FICO illusion LTVs exploding to 92% (36% underwater) extensions hiding delinquencies. Securitization flywheel at risk. Echoes some @GothamResearch Just published my forensic short thesis on $CVNA: "Carvana Subprime Auto in Prime Clothing" Stated-income loans everywhere FICO illusion LTVs exploding to 92% (36% underwater) extensions hiding delinquencies. Securitization flywheel at risk. Echoes some @GothamResearch" [X Link](https://x.com/GothamResearch/status/2019407982556246338) 2026-02-05T13:49Z 46.2K followers, 22.4K engagements "$KD CFO bye bye and SEC Enforcement Where were the signs https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i" [X Link](https://x.com/GothamResearch/status/2020840869558206801) 2026-02-09T12:43Z 46.2K followers, 25.3K engagements "Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did" [X Link](https://x.com/anyuser/status/1744464240918802712) 2024-01-08T21:01Z 46.2K followers, 1.4M engagements "$KD released earnings after the close yesterday. KD cash burn has worsened YoY and revenue is down -3% YoY on a constant currency basis. These results validate what we said n March in our report 👇: we believe KD manipulates reported Adj EBITDA + Adj. FCF to artificially give the appearance that it generates profits and cash flow. In reality KD generates losses and burns cash. $KD does not look like a successful turnaround; rather it looks like $DXC Kyndryl (ticker: $KD) Like the old IBM except with an Undisclosed Cost Problem: Part I Link to our our report: https://t.co/r8k9DZU6Yf" [X Link](https://x.com/anyuser/status/1952702616372384168) 2025-08-05T12:05Z 46.2K followers, 20.7K engagements "The Dark Side of Iron Mountain $IRM: from a Melting Ice Cube to a House on Fire Please visit our website for the full report: https://www.gothamcityresearch.com/ https://www.gothamcityresearch.com/" [X Link](https://x.com/GothamResearch/status/1991183253428977694) 2025-11-19T16:34Z 46.2K followers, 23.5K engagements "$IRM is under scrutiny from government agencies and facing lawsuits over its suspect accounting and exploitative business practices. We expect these to intensify. There are many reasons we believe the US Government might take interest. cc: @elonmusk https://x.com/DOGE/status/1889437908094042277lang=en Federal employee retirements are processed using paper by hand in an old limestone mine in Pennsylvania. 700+ mine workers operate [---] feet underground to process [-----] applications per month which are stored in manila envelopes and cardboard boxes. The retirement process https://t.co/dXCTgpAWLs" [X Link](https://x.com/GothamResearch/status/1991184767161635105) 2025-11-19T16:40Z 45.7K followers, 16.4K engagements "Should our estimate of $IRM true leverage and cash flow be correct IRM will face higher financing costs and/or a dividend cut. we believe shares are uninvestible. The stock is worth $41 per share implying over 52% downside to current price should the core business (90% of its revenue) be valued at the same average market multiple as the S&P500. https://twitter.com/i/web/status/1991185638490612152 https://twitter.com/i/web/status/1991185638490612152" [X Link](https://x.com/GothamResearch/status/1991185638490612152) 2025-11-19T16:43Z 45.6K followers, [----] engagements "We can see why $CVNA wants to keep DriveTime in the shadows: DriveTime burned over $1 billion in cash from 2023-2024. Over $1 billion in debt not contributions from Garcia funded these losses. We believe DriveTimes subsidies fuel over 73% of CVNA EBITDA. DriveTime is levered 20x-40x in 2023-2024. We estimate [----] leverage remains elevated at 20x. Bridgecrest instantly marked down its $5.9 billion loan book by -15% in [----]. https://twitter.com/i/web/status/2016548483470151707 https://twitter.com/i/web/status/2016548483470151707" [X Link](https://x.com/GothamResearch/status/2016548483470151707) 2026-01-28T16:26Z 45.7K followers, 16K engagements "The following reverse pyramid depicts our thesis along with the complex interplay between $CVNA s earnings and its related parties:" [X Link](https://x.com/GothamResearch/status/2016549008098148719) 2026-01-28T16:28Z 45.7K followers, 20.7K engagements "DriveTime burned over $1 billion in cash from 2022-2024. Should the head of $CVNA audit committee be saying things like this shown below https://x.com/RealJimChanos/status/1951402647577305165s=20 Yesterday $CVNA Director and Chair of the Audit Committee apparently tweeted this outand then deleted it. https://t.co/aDLe2ifxXY https://x.com/RealJimChanos/status/1951402647577305165s=20 Yesterday $CVNA Director and Chair of the Audit Committee apparently tweeted this outand then deleted it. https://t.co/aDLe2ifxXY" [X Link](https://x.com/GothamResearch/status/2016550934818746758) 2026-01-28T16:36Z 45.7K followers, 16.9K engagements "We think @HindenburgRes was on the right track with $CVNA and is a must read. However the word Bridgecrest appears zero times in their report and only one time as a footnote. Bridgecrest shenanigans are key to understanding $CVNA as we explain in our report. this goes to show how nearly impossible it is to truly understand whats driving $CVNA without transparency into DriveTime/Bridgecrest financials: https://x.com/HindenburgRes/status/1874833529957466607s=20 https://x.com/HindenburgRes/status/1874833529957466607s=20" [X Link](https://x.com/GothamResearch/status/2016553547819516128) 2026-01-28T16:46Z 45.7K followers, 19.2K engagements "@ericjackson you have your talents - and we truly wish you well - but fraud detection isn't one of them (remember the china frauds you got burned by). That's our territory. This isn't just another $CVNA short report. We recommend you read our report the Drivetime [----] Annual Report and the GoFi [----] Annual Report before drawing any conclusions. @FrontRowBrian @GothamResearch @HindenburgRes @RealJimChanos I bought some CVNA today @FrontRowBrian @GothamResearch @HindenburgRes @RealJimChanos I bought some CVNA today" [X Link](https://x.com/GothamResearch/status/2016554336185360746) 2026-01-28T16:49Z 45.7K followers, 21.3K engagements "@HindenburgRes The below report made some good points about GoFi LLC. However you must read the GoFi [----] AR. It reveals circular flow of money between GoFi and DriveTime. We believe it mirrors what we see going on between $CVNA and DriveTime/Bridgecrest : https://x.com/MinotaurStocks/status/2006302798653366310s=20 $CVNA investors have long reckoned with a web of entities controlled by its largest shareholder Ernest Garcia Jr. These entities and brands include DriveTime Bridgecrest SilverRock and most recently GoFi: https://t.co/P52eo5fjup" [X Link](https://x.com/GothamResearch/status/2016558084987236632) 2026-01-28T17:04Z 46.1K followers, 29.1K engagements "Dear JP Morgan $CVNA claims it has and may sell its loans to DriveTime. CVNA doesnt specify when nor how much. The DriveTime Annual Report [----] does not disclose that it buys loans from CVNA. The only purchase/sale of loans it disclosed is with GoFi. Both of these cant be true. Youre entitled to your own opinions but not your own facts; stop making stuff up. $JPM is out with their response to @GothamResearch's $CVNA short report I just started making my way through it- it's quite long so at least they put some effor into it but basically they disagree with the report in its entirety and don't" [X Link](https://x.com/GothamResearch/status/2016871572305563882) 2026-01-29T13:50Z 46.1K followers, 76.2K engagements "Weve uploaded a $CVNA supplemental report https://www.gothamcityresearch.com/post/carvana-bridgecrest-and-the-undisclosed-transactions-and-debts https://www.gothamcityresearch.com/post/carvana-bridgecrest-and-the-undisclosed-transactions-and-debts" [X Link](https://x.com/GothamResearch/status/2016880930691174863) 2026-01-29T14:27Z 46.1K followers, [----] engagements "The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/" [X Link](https://x.com/GothamResearch/status/1948394469184958709) 2025-07-24T14:46Z 46.2K followers, 46.8K engagements "From a Bloomberg terminal it looks as if Horizon Kinetics and/or its Founder Murray Stahl are steady long-time buyers of $TPL Stock (see the sea of green below):" [X Link](https://x.com/GothamResearch/status/1948394691185303625) 2025-07-24T14:47Z 46.2K followers, [----] engagements "Everybody including long-time shareholders and promoters of both $TPL and $LB think Horizon are buying TPL https://x.com/LeoNelissen/status/1948007960896065975 @Vince85623723 Weak sentiment. The only large shareholder that matters is Horizon Kinetics. They are buying https://x.com/LeoNelissen/status/1948007960896065975 @Vince85623723 Weak sentiment. The only large shareholder that matters is Horizon Kinetics. They are buying" [X Link](https://x.com/GothamResearch/status/1948395043372544031) 2025-07-24T14:49Z 46.2K followers, [----] engagements "Form [--] filings give the appearance that Horizon Kinetics and its CIO Murray Stahl a board member of $TPL are steady and consistent buyers of stock. Horizon Kinetics funds have actually been massive sellers of TPL stock since [----]. We calculate that their TPL position has declined by -34% since the end of [----]. https://twitter.com/i/web/status/1948395448722710914 https://twitter.com/i/web/status/1948395448722710914" [X Link](https://x.com/GothamResearch/status/1948395448722710914) 2025-07-24T14:50Z 46.2K followers, [----] engagements "Huge $TPL buy from Horizon Kinetics What if we were to tell you that Horizon has actually been massive net sellers of $TPL stock over the last [--] years not buyers Huge $TPL buy from Horizon Kinetics. I think $GOOG should start including our buy/sell tweets in their AI news slop if [--] share is all it takes to be top story. https://t.co/JwkyZyduCG Huge $TPL buy from Horizon Kinetics. I think $GOOG should start including our buy/sell tweets in their AI news slop if [--] share is all it takes to be top story. https://t.co/JwkyZyduCG" [X Link](https://x.com/GothamResearch/status/1953501792668385707) 2025-08-07T17:01Z 46.2K followers, 14.9K engagements "Read here for more where we explain how Horizon Kinetics have actually been a massive seller not buyer of $TPL shares The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: https://t.co/CBttNBb80l The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: https://t.co/CBttNBb80l" [X Link](https://x.com/GothamResearch/status/1953502127948521517) 2025-08-07T17:02Z 46.2K followers, 11.4K engagements "Also $KD today: - 10Q filing delayed - continues to burn cash https://investors.kyndryl.com/news-releases/news-release-details/kyndryl-reports-third-quarter-fiscal-2026-results https://investors.kyndryl.com/news-releases/news-release-details/kyndryl-reports-third-quarter-fiscal-2026-results" [X Link](https://x.com/GothamResearch/status/2020877762580680925) 2026-02-09T15:09Z 46.2K followers, [----] engagements "Dear Prime Minister of The best capital markets in the world include minimal restrictions on short selling. If you want to develop South Korea's financial system into a world leading one consider this fact. I'm happy to discuss further. cc: @moonriver365 South Koreas prime minister says he's not a fan of short-selling as the country moves to remove a pandemic-issued ban on the trading practice https://t.co/8RiaEmEGmU South Koreas prime minister says he's not a fan of short-selling as the country moves to remove a pandemic-issued ban on the trading practice https://t.co/8RiaEmEGmU" [X Link](https://x.com/GothamResearch/status/1349670759786954753) 2021-01-14T10:52Z 39.9K followers, [--] engagements "A November [----] BOE filing available only in Chinese reveals that as of [--] Sep [----] BOEs balances facing SESL amounted to 71% of SESLs accounts payable and 18% of its accounts receivable as of June [--] [----]. These related party payables & receivable are undisclosed by SESL" [X Link](https://x.com/GothamResearch/status/1671771737305010178) 2023-06-28T07:10Z 37.6K followers, [----] engagements "The recently announced Walmart deal is not profitable for SESL based on our per unit economic calculations. $WMT is paying SESL EUR [----] per ESL but SESL's cost per ESL is currently at least EUR [----] per ESL. "Everyday low price" is not good news for SESL" [X Link](https://x.com/GothamResearch/status/1671771740563984385) 2023-06-22T06:49Z 37.6K followers, [----] engagements "SESL shares would trade between EUR [--] EUR 30/share if its shares were to trade simply in-line with its peers' valuation" [X Link](https://x.com/GothamResearch/status/1671771746779938816) 2023-06-22T06:46Z 40.2K followers, 21.2K engagements "If you are having trouble accessing Part I of our SESL Report please try this link: SES Imagotag: THE CIRCULAR DANCE WITH A CHINESE TWIRL PART I PDF Revenue Joint Venture https://www.scribd.com/document/654651067/SES-Imagotag-THE-CIRCULAR-DANCE-WITH-A-CHINESE-TWIRL-PART-I http://scribd.com https://www.scribd.com/document/654651067/SES-Imagotag-THE-CIRCULAR-DANCE-WITH-A-CHINESE-TWIRL-PART-I http://scribd.com" [X Link](https://x.com/GothamResearch/status/1671782449171533825) 2023-06-22T07:29Z 40.2K followers, 11.8K engagements "Grifols lent Scranton $95 million in [----]. This loan appears tied to the BPC/Haema transaction yet this loan is undisclosed in Grifols filings only appearing in Scranton filings" [X Link](https://x.com/GothamResearch/status/1744611327056973939) 2024-01-09T06:45Z 37.6K followers, 32.4K engagements "Mutares reminds us of Aurelius for many reasons including: We see a rapid rise in & high levels of income from negative goodwill. Published holdco earnings don't seem to convert to cash flows over time. we find 50% of portfolio companies outcomes post sale suspect" [X Link](https://x.com/GothamResearch/status/1839198499381846459) 2024-09-26T07:01Z 39.9K followers, 12.1K engagements "Some of the reasons we believe Mutares is worse than Aurelius: [--]. The H1 [----] balance sheets EUR 394.2mln reported cash position does not match the H1 [----] statement of cash flows EUR 422.2mln reported cash position. We find accounting irregularities re: cash concerning" [X Link](https://x.com/GothamResearch/status/1839199110731280493) 2024-09-26T07:03Z 41.6K followers, [----] engagements "2. Mutares Holdings Receivables from portfolio companies grew EUR 288mn in 2019-2023 more than the EUR 282mn of cumulative HoldCo net income in that period. This appears circular to us especially since we estimate that Mutares Holding burned EUR -52mn of cash from 2019-2023" [X Link](https://x.com/GothamResearch/status/1839199511488704666) 2024-09-26T07:05Z 41.6K followers, [----] engagements "3. Mutares appears increasingly reliant on debt as MUX has increased from low levels of debt before [----] to EUR 150mn in debt by year-end [----] and adding an additional EUR 235mn thus far this year" [X Link](https://x.com/GothamResearch/status/1839200377419510006) 2024-09-26T07:08Z 41.6K followers, [----] engagements "4. Aurelius was in a net cash position in [----] when we wrote our first report on the company whereas Mutares is in a rapidly growing net debt position. Thus we believe Mutares has less room for error" [X Link](https://x.com/GothamResearch/status/1839201102967058623) 2024-09-26T07:11Z 39.9K followers, [----] engagements "5. Given these and other observations we have regarding Mutares we leave you with a question: Are Mutares' existing investors paid with funds collected from new investors" [X Link](https://x.com/GothamResearch/status/1839201624855900496) 2024-09-26T07:13Z 39.9K followers, [----] engagements "$KD claims to have grown consulting revenue from [--] to 20% of revenue. a former employee is doubtful: "So when they say the revenue for consulting is growing there's nothing to back it up" Noah claimed. We're told Kyndryl is just taking from managed service accounts (its outsourcing accounts) and counting that as consulting work. "They're just taking it from the left pocket to the right pocket and saying 'Oh that's consulting business'" Noah explained. https://www.theregister.com/2024/12/08/kyndryl_consulting_business/#::text='%22%2C%22%20our%20source%20told%20us" [X Link](https://x.com/GothamResearch/status/1905268919511970302) 2025-03-27T14:41Z 41.4K followers, [----] engagements "We asked enlisted an industry consultant to reconcile these conflicting narratives. Here is what the industry consultant said about $KD and its "consulting": Kyndryl does not have much in the way of their own proprietary software and hardware so the left pocket to right pocket is moving from being a provider of IT services in support of "legacy IBM contracts" to an IT service provider of "new consulting contracts. End of day still trying to provide a billable service but one that is less sticky and more commoditized" [X Link](https://x.com/GothamResearch/status/1905269341240910146) 2025-03-27T14:43Z 41.4K followers, [----] engagements "More from the industry consultant we interviewed on $KD consulting: Kyndryl wants investors to think consult growth will eventually grow larger and outpace the decline in legacy mainframe managed services enabling total top line to grow but in reality Kyndryl is facilitating and enabling AWS et al to develop strategic long-term relationships with their mainframe customers" [X Link](https://x.com/GothamResearch/status/1905269634204676505) 2025-03-27T14:44Z 41.4K followers, [----] engagements "The key question is NOT whether IBM was related party of $KD after August [----]. The question is whether or not IBM remained a key supplier to $KD Doesnt the SEC require companies to disclose supplier concentration risk if it is a material risk to their business After all IBM represented 21% of $KD costs as % of its revenues in [----]. That seems material. Why doesn't $KD make life simple for everybody like normal companies and just disclose how much they paid IBM per year https://x.com/JohnnyBaxPoker/status/1905270366475338097 https://x.com/JohnnyBaxPoker/status/1905270366475338097" [X Link](https://x.com/GothamResearch/status/1905271787543560340) 2025-03-27T14:52Z 41.3K followers, [----] engagements "Arne Alsins following statements written on November [--] [----] seem quite prescient about $KD CEO ( $IBM's CFO at the time): In contrast to a no-nonsense person this CFO sees internal controls as fungible as something that can be modified or altered based on what suits his needs. With this sort of CFO you tend to see repeat violations with same or similar behaviors. from IBMs CFO Martin Schroeter Has A Lot of Questions to Answer Source: KDs auditor identified a new Critical Audit Matter in its 10K 2024: material weakness related to revenue recognition. KDs auditor believes that the Company did" [X Link](https://x.com/GothamResearch/status/1905274470950109500) 2025-03-27T15:03Z 41.3K followers, [----] engagements "We believe 16%-55% of $LB [----] revenues are artificially boosted by related parties so that insiders can sell LB stock. For example: the $8 million Data center related party deposit was recognized as revenue upon receipt of the deposit. We dont see evidence that the revenue was earned so quickly" [X Link](https://x.com/GothamResearch/status/1948375556262969740) 2025-07-24T13:31Z 41.7K followers, [----] engagements "We believe false and/or misleading claims have boosted the stock since its IPO on June [--] [----]. For example David Capobianco claimed in a Hart Energy interview in June [----] WaterBridge only makes up about 17% of LandBridge revenues yet $LB revenue from related parties was actually 32% for 2024" [X Link](https://x.com/GothamResearch/status/1948375861394338215) 2025-07-24T13:32Z 41.7K followers, [----] engagements "The following might enable dubious $LB accounting and suspect related party transactions: [--] out of [--] audit committee members oversaw their prior companies undergo related party and/or accounting problems involving prison time and bankruptcy. Unlike your typical US-listed companies LBs auditor Deloitte did not audit its internal control over financial reporting due to a temporary loophole LB is exploiting" [X Link](https://x.com/GothamResearch/status/1948376530364887264) 2025-07-24T13:35Z 41.7K followers, [----] engagements "Longtime $LB/WB CFO and CO-CEO Steven Jones resigned just months after LBs IPO without any evident explanation" [X Link](https://x.com/GothamResearch/status/1948376732865556772) 2025-07-24T13:36Z 41.7K followers, [----] engagements "A former $TPL employee doesnt believe gigawatt Data Centers are coming to the Permian. If they do he believes $LB stands to make just a few million in land lease revenues per year" [X Link](https://x.com/GothamResearch/status/1948377999403049371) 2025-07-24T13:41Z 41.7K followers, [----] engagements "In April the PUCT approved the Howard-Solstice [---] kV transmission line. We believe this line undermines the electricity component of the $LB data center bull thesis" [X Link](https://x.com/GothamResearch/status/1948378239849938980) 2025-07-24T13:42Z 41.7K followers, [----] engagements "Free cash flow burn Yoy actually worsened whether using a standard definition of FCF or their 'creative' FCF definition: We calculate FCF declined [----] million for the qtr versus [----] million in the year prior" [X Link](https://x.com/GothamResearch/status/1952703364141396322) 2025-08-05T12:08Z 41.8K followers, [----] engagements "$KD Free cash flow worsened even by their 'creative' (and we think misleading and irrelevant) definition of FCF:" [X Link](https://x.com/GothamResearch/status/1952703366737666171) 2025-08-05T12:08Z 41.8K followers, [----] engagements "$KD revenues declined -3% on a constant currency basis. Notably US revenue declined -8% YoY. These results validate our belief that KD is not a successful turnaround:" [X Link](https://x.com/GothamResearch/status/1952704031484199200) 2025-08-05T12:11Z 41.8K followers, [----] engagements "In our first $KD report we wrote: We find the 'Total Signings' metric suspect as KD reports Total Signings grew from $13.5bn in FY2021 to $16.3bn as of [----] yet total revenues declined over the same time period. this trend continues as total signings grew yet revenue actually declined -3% in constant currency terms. We believe this validates our view that Total Signings is a bogus metric designed for executive self-enrichment purposes (as it used for bonus calcs) not to accurately reflect the health of the KD business. https://x.com/RInvestors67111/status/1952470466075205725" [X Link](https://x.com/GothamResearch/status/1952705087144591809) 2025-08-05T12:15Z 41.8K followers, [----] engagements "Listening to the $KD CEO on this call. Martin - like other modern day CEOs - is incredibly talented at using many words to say exactly nothing or fud. For example he claims they are "winning" Yes yes losing revenue and burning cash while slashing and burning is "winning" #sarcasm" [X Link](https://x.com/GothamResearch/status/1952710058191806928) 2025-08-05T12:35Z 41.8K followers, [----] engagements "We are on the $KD call. KD has been talking about "losing revenue on purpose" for at least 7ish years - both as part of $IBM as well as an independently publicly traded company. Fool me once shame on you. Fool me twice shame on me. https://x.com/ericcartman23/status/1952711518501367818 @GothamResearch Are you even listening to the earnings call They voluntarily removed more revenues you should really talk to more people youre literally doing no work https://x.com/ericcartman23/status/1952711518501367818 @GothamResearch Are you even listening to the earnings call They voluntarily removed more" [X Link](https://x.com/GothamResearch/status/1952712306812485719) 2025-08-05T12:44Z 41.8K followers, [----] engagements "Dear Eric Cartman (if that's your real name) please see our prior tweet. Yes $KD FCF is seasonally weak. This quarter's FCF burn is WORSE than FCF in the same quarter a year ago. markets care about rate of change and incrementality and it's bad for KD https://x.com/ericcartman23/status/1952712370242904312 https://x.com/ericcartman23/status/1952712370242904312" [X Link](https://x.com/GothamResearch/status/1952712889682505773) 2025-08-05T12:46Z 41.8K followers, [----] engagements "Martin: You can say the word "innovation" as many times as you'd like. but you are not fooling the algos nor real investors. $KD is not an innovator except maybe in its accounting shenanigans" [X Link](https://x.com/GothamResearch/status/1952717189578150344) 2025-08-05T13:03Z 41.8K followers, [----] engagements "A self-described owner of $LB stock Sockfoot offered a lengthy rebuttal to our first report the only substantive rebuttal we are aware of. Despite promoting the stock He agrees with us that $8 million of $LB 's [----] revenue is suspect: https://x.com/sockfeetrsrch/status/1950369075491696721 GCR Claim: The $8 million Data center related party deposit was recognized as revenue upon receipt of the deposit. We dont see evidence that the revenue was earned. This is probably the most credible claim in the entire short report. The Powered Land deal does seem sketchy and" [X Link](https://x.com/GothamResearch/status/1953089107628052817) 2025-08-06T13:41Z 41.8K followers, [----] engagements "But then SOckfoot's core claim is that our calculations of $LB suspect revenue are wrong. The problem we find is that his analysis is both: (i) mathematically (provably) incorrect and (ii) irrelevant . Let's first start with (i) where we prove his math is incorrect" [X Link](https://x.com/GothamResearch/status/1953089605689127391) 2025-08-06T13:43Z 41.8K followers, [----] engagements "Proof by contradiction: Sockfoots $LB math is incorrect Sockfoot claims: If V_RP = [--] then PWRF for 3P = $0.13 - 0.14/bbl. Except by his own math we show if V_RP PWRF for 3P = $0.22/bbl not 0.13-0.14/bbl Sockfoot claims that if related party Volume (V_RP) is zero then 3rd party Produced Water Royalty Fee (Fee_3P or PWRF for 3P) cannot go lower than $0.13-$0.14/bbl. He says: - Taking this one step further you can calculate the absolute minimum Fee_3P by setting V_RP to some very small number (cannot set explicitly to zero since you run in to divide by zero error but at the limit it is stable) -" [X Link](https://x.com/GothamResearch/status/1953090417517576422) 2025-08-06T13:46Z 41.8K followers, [----] engagements "A more fundamental problem: Sockfoots $LB math is not only incorrect it is also irrelevant Sockfoots model appears plausible and enticing if you ignore our analysis and solely rely on his representations of our analysis. His model is incorrect but also irrelevant and a distraction to our analysis. Our analysis focus is estimating the % of SUSPECT REVENUE. We even make it abundantly clear that we believe the suspect revenue can reside in either the related party portion AND/OR the non-related party portion. He falsely represents our position as related party IS definitionally suspect and third" [X Link](https://x.com/GothamResearch/status/1953090890383409490) 2025-08-06T13:48Z 41.8K followers, [----] engagements "$LKQ has been on our radar. It is unsurprising others have issued a strong sell report. We believe it is a great short" [X Link](https://x.com/GothamResearch/status/423472827790946304) 2014-01-15T15:12Z 40K followers, [--] engagements "$EIGI Adj. EBITDA a Meaningless Metric as It Does Not Correlate w/ Free Cash Flow [--] Questions Analysts Should Ask http://t.co/qGOsEc0Hen http://gothamcityresearch.com/ http://gothamcityresearch.com/" [X Link](https://x.com/GothamResearch/status/595531265970802688) 2015-05-05T10:11Z 40K followers, [--] engagements "The Securities and Exchange Commission announced that Endurance International Group (EIGI) fraudulently inflated subscriber counts and revenue per subscriber numbers: We wrote [--] reports about $EIGI and its suspect operating metrics in 2015: https://www.sec.gov/enforce/33-10504-s https://www.sec.gov/enforce/33-10504-s" [X Link](https://x.com/anyuser/status/1004711063265439744) 2018-06-07T13:05Z 42.2K followers, [--] engagements "After considering early retirement we've decided instead to release a report within the next [--] days to celebrate our near 5-year anniversary of our $TTS report: "The Tile Shop: Like Crazy Eddies But With An Undisclosed Related Party and A Chinese Twist Stay tuned" [X Link](https://x.com/anyuser/status/1042784027973808128) 2018-09-20T14:34Z 46.2K followers, [--] engagements "Medifast (NASDAQ: $med ): Like Lumber Liquidators But With Undisclosed Toxic Metals and A Supply Chain Twist PART I - https://www.gothamcityresearch.com/single-post/2018/09/20/Medifast-NASDAQ-MED-Like-Lumber-Liquidators-But-With-Undisclosed-Toxic-Metals-and-A-Supply-Chain-Twist-PART-I https://www.gothamcityresearch.com/single-post/2018/09/20/Medifast-NASDAQ-MED-Like-Lumber-Liquidators-But-With-Undisclosed-Toxic-Metals-and-A-Supply-Chain-Twist-PART-I" [X Link](https://x.com/anyuser/status/1042799654373449728) 2018-09-20T15:36Z 46.2K followers, [--] engagements "Gotham City Research is reviewing new $MED information received last night that further raises our concerns about (I) toxic metals found in Optavia products and (II) the sourcing/supply chain issues causing them. We expect to release our determinations next week. (1/2)" [X Link](https://x.com/GothamResearch/status/1043131718700388352) 2018-09-21T13:35Z 42.2K followers, [--] engagements "$MED quietly -26% today trading at $159 per share as of this moment. We believe several problems not covered in our reports will be revealed over the next 6-12 months. More downside to come. Stay tuned" [X Link](https://x.com/anyuser/status/1060223307620872193) 2018-11-07T17:31Z 46.2K followers, [--] engagements "Today Germanys securities regulator BAFIN imposed a ban on a single issuer Wirecard. This action is an unprecedented action as it is the first such ban of an individual stock in its history (though BAFIN and other regulators outlawed shorting of bank shares in 2008)" [X Link](https://x.com/anyuser/status/1097489881490587650) 2019-02-18T13:35Z 46.2K followers, [--] engagements "This unprecedented short selling ban like other bans that preceded it appears to be motivated by the desire to calm financial markets. Short selling bans rarely achieve the desired effects. In fact Gotham City Research believes these bans often have the exact opposite effect" [X Link](https://x.com/anyuser/status/1097491325652414464) 2019-02-18T13:41Z 46.2K followers, [--] engagements "Had only somebody warned about the various risks to the $CRTO business " [X Link](https://x.com/anyuser/status/1110583719406952448) 2019-03-26T16:46Z 42.2K followers, [--] engagements "Dear Burford Capital: Short Sellers are Important Players in Fulfilling Justice Our full statement regarding litigation finance short selling and Burford Capital: $BUR https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6 https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6" [X Link](https://x.com/GothamResearch/status/1160567560556834816) 2019-08-11T15:04Z 42.2K followers, [--] engagements "Gotham City Research initiated coverage of $MED last year with a strong sell opinion. Shares are down -30% today hitting the upper end of our price target. We will be providing our updated thoughts on $MED shares today. Medifast (NASDAQ: $med ): Like Lumber Liquidators But With Undisclosed Toxic Metals and A Supply Chain Twist PART I - https://t.co/C0xVOinHFE Medifast (NASDAQ: $med ): Like Lumber Liquidators But With Undisclosed Toxic Metals and A Supply Chain Twist PART I - https://t.co/C0xVOinHFE" [X Link](https://x.com/anyuser/status/1192814017523396617) 2019-11-08T14:39Z 46.2K followers, [--] engagements "We are cautious buyers of equities today. Stay safe and healthy This too will pass" [X Link](https://x.com/anyuser/status/1238106217563578369) 2020-03-12T14:14Z 46.2K followers, [--] engagements "Dear South Korea Italy Spain the United Kingdom & other countries restricting short selling: short selling bans destabilize the financial system incite panic and leads to selling of equities. Why Short selling is insurance. If you eliminate insurance people panic & sell" [X Link](https://x.com/anyuser/status/1238364861517586433) 2020-03-13T07:22Z 46.2K followers, [--] engagements "Good morning. We will be sharing our thesis later today on a company whose shares we are long. Stay tuned" [X Link](https://x.com/anyuser/status/1245653189090627585) 2020-04-02T10:03Z 46.2K followers, [--] engagements "Friendly reminder: we have NEVER seen any market regulator in any jurisdiction - other than in Germany - ban short selling of just a single issuer. This extraordinary action last year merits a thorough explanation especially in light of todays Wirecard news. Today Germanys securities regulator BAFIN imposed a ban on a single issuer Wirecard. This action is an unprecedented action as it is the first such ban of an individual stock in its history (though BAFIN and other regulators outlawed shorting of bank shares in 2008). Today Germanys securities regulator BAFIN imposed a ban on a single" [X Link](https://x.com/anyuser/status/1273650064032821250) 2020-06-18T16:13Z 46.2K followers, [--] engagements "Maybe BAFIN owes the @FT an apology Financial restitution for the following:" [X Link](https://x.com/anyuser/status/1273658391739592704) 2020-06-18T16:46Z 46.2K followers, [--] engagements "The Wirecard fraud thesis - from 2008: https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/ https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/" [X Link](https://x.com/anyuser/status/1273882206264373248) 2020-06-19T07:36Z 46.2K followers, [---] engagements "Bull markets are born on pessimism grown on skepticism mature on optimism and die on euphoria. - John Templeton Happy (almost) New Year Know what you own for 2021" [X Link](https://x.com/anyuser/status/1344641534860300288) 2020-12-31T13:48Z 46.2K followers, [--] engagements "Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about all lined up" [X Link](https://x.com/anyuser/status/1355157191653691397) 2021-01-29T14:13Z 46.2K followers, [--] engagements "By gentlemen short selling we are referring to passive short selling meaning shorting quietly" [X Link](https://x.com/anyuser/status/1355157565370298369) 2021-01-29T14:15Z 42.2K followers, [--] engagements "Being bullish short selling right now is like being a cautious buyer of equities last year in March [----]. You cant time the bottom but its the right posture: We are cautious buyers of equities today. Stay safe and healthy This too will pass We are cautious buyers of equities today. Stay safe and healthy This too will pass" [X Link](https://x.com/anyuser/status/1355158182629310465) 2021-01-29T14:17Z 46.2K followers, [--] engagements "We will be sharing our opinions on a $2 billion market value company today. Stay tuned" [X Link](https://x.com/anyuser/status/1364950526417338370) 2021-02-25T14:48Z 46.2K followers, [--] engagements "Our thoughts on Criteo: We believe the business and the stock $CRTO have room to 🚀🚀🚀 thread" [X Link](https://x.com/anyuser/status/1364970134864035846) 2021-02-25T16:06Z 46.2K followers, [--] engagements "Not a promise but we will consider talking about shorts too. WTF @GothamResearch back from the dead They just walk in fuk shit up walk out and come back every [--] years LOL 👀👀👀 WTF @GothamResearch back from the dead They just walk in fuk shit up walk out and come back every [--] years LOL 👀👀👀" [X Link](https://x.com/anyuser/status/1364974400215293954) 2021-02-25T16:23Z 46.2K followers, [--] engagements "$YALA reminds us of Lets Gowex and Luckin Coffee $LK. We are short $YALA" [X Link](https://x.com/anyuser/status/1395036913870917644) 2021-05-19T15:21Z 46.2K followers, [--] engagements "Does this $YALA make sense We think no. World leading revenue growth and cash flow generation coupled with: A business supposedly based in Africa CFO/auditor in East Asia and investor base in North America Some of you might see a unicorn. We see an ugly duck" [X Link](https://x.com/anyuser/status/1395039648674549764) 2021-05-19T15:32Z 46.2K followers, [--] engagements "Short selling is always dangerous but rarely this dangerous: https://t.co/GH3qbVtlcC https://t.co/GH3qbVtlcC" [X Link](https://x.com/anyuser/status/1408047220595728388) 2021-06-24T12:59Z 42.2K followers, [--] engagements "@QTRResearch Short selling risk factors: Lose money ✅ Lawsuits ✅ Regulatory scrutiny ✅ Targeted Harassment ✅ Physical violence actual death threats ✅" [X Link](https://x.com/GothamResearch/status/1408048238104436738) 2021-06-24T13:03Z 42.2K followers, [--] engagements "Dan of Gotham City Research will be joining @herbgreenberg Nate of @HindenburgRes and @sharesleuth to discuss short selling later today. For those unfamiliar with Gotham here is our track record (on publicly disclosed short positions): Congrats to @ClarityToast (Nate) on the FT article below. Reminder that Nate will be joining me @sharesleuth @LongShortTrader on a panel regarding activist short-selling moderated by @lopezlinette at FraudFest [--] next week. Details: https://t.co/06I9n9KJdb Congrats to @ClarityToast (Nate) on the FT article below. Reminder that Nate will be joining me" [X Link](https://x.com/anyuser/status/1408404987219124224) 2021-06-25T12:41Z 46.2K followers, [--] engagements "A bull market in single stock short selling began in February of last year (see below). While we believe this trend remains intact with years remaining in it The risk of a countertrend rally seems very high and may begin fairly soon. Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about all lined up. Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about" [X Link](https://x.com/anyuser/status/1522587749613715456) 2022-05-06T14:43Z 46.2K followers, [--] engagements "@WillauerProsky Matt Farrell Your dedication to speaking truth to power was only surpassed by your kindness and the nobility of your character. May we meet once again ❤ Dan" [X Link](https://x.com/anyuser/status/1585387437420748801) 2022-10-26T21:46Z 46.2K followers, [--] engagements "Stony Point slaying victim Matt Farrell @WillauerProsky was author and arts provocateur https://dailyprogress.com/news/stony-point-slaying-victim-was-author-and-arts-provocateur/article_571176f4-5574-11ed-badd-87dc80cd98cb.html https://dailyprogress.com/news/stony-point-slaying-victim-was-author-and-arts-provocateur/article_571176f4-5574-11ed-badd-87dc80cd98cb.html" [X Link](https://x.com/GothamResearch/status/1585457330212294657) 2022-10-27T02:24Z 42.2K followers, [--] engagements "Testing testing [--] [--] 3" [X Link](https://x.com/anyuser/status/1670810533229121536) 2023-06-19T15:07Z 46.2K followers, 19K engagements "9 years ago we exposed two outliers listed in Europe: Let's Gowex and Quindell plc. Tomorrow we will release a report on a company who we strongly suspect will join the Pantheon of Europe-listed outliers. In the interim feel free to guess this outlier's attributes: Fictitious revenue Fictitious cash none of the above Hidden related party deal Fictitious revenue Fictitious cash none of the above Hidden related party deal" [X Link](https://x.com/anyuser/status/1671542868861931521) 2023-06-21T15:37Z 46.2K followers, 111.5K engagements "SES Imagotag SESL: THE CIRCULAR DANCE WITH A CHINESE TWIRL PART I https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i" [X Link](https://x.com/anyuser/status/1671771724483031040) 2023-06-22T06:46Z 46.2K followers, 120.4K engagements "We are releasing Part II of our SES Imagotag report tomorrow on http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/" [X Link](https://x.com/anyuser/status/1676978782463492096) 2023-07-06T15:37Z 46.2K followers, 40.2K engagements "SES Imagotag: The Fish Rots from the Head Part II read here: https://www.gothamcityresearch.com/post/ses-imagotag-the-fish-rots-from-the-head-part-ii https://www.gothamcityresearch.com/post/ses-imagotag-the-fish-rots-from-the-head-part-ii" [X Link](https://x.com/anyuser/status/1677206934670422016) 2023-07-07T06:44Z 46.2K followers, 52.3K engagements "Gotham City Research Response to the SES Imagotag July [--] Press Release https://www.gothamcityresearch.com/post/response-to-the-ses-imagotag-july-10-press-release https://www.gothamcityresearch.com/post/response-to-the-ses-imagotag-july-10-press-release" [X Link](https://x.com/anyuser/status/1701124942199505303) 2023-09-11T06:46Z 46.2K followers, 40.3K engagements "Grifols SA: Scranton and the Undisclosed Debts for the full report - https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts" [X Link](https://x.com/anyuser/status/1744611322900500931) 2024-01-09T06:45Z 46.2K followers, 734.3K engagements "Both GRF and Scranton Enterprises (a Grifols family vehicle) fully consolidate BPC + Haema. BPC + Haema are very material to both GRF and Scranton's earnings and overall financial statements. We believe this treatment is deceptive and incorrect. Are their creditors aware" [X Link](https://x.com/anyuser/status/1744611325215649897) 2024-01-09T06:45Z 46.2K followers, 59.7K engagements "Scranton [----] filing shows an increase in liabilities of EUR [--] million relating to advance payments from Grifols Worldwide Operations Ltd. This transaction is undisclosed in GRF filings" [X Link](https://x.com/anyuser/status/1744611328948682964) 2024-01-09T06:45Z 46.2K followers, 38.2K engagements "Grifols' recently appointed CEO is being hailed as a change in direction but he has been with Grifols since [----] and on the board when the suspect transactions we describe in our report occurred. We find him heavily conflicted and a Grifols in everything but name" [X Link](https://x.com/anyuser/status/1744613903269769539) 2024-01-09T06:55Z 46.2K followers, 33.9K engagements "GRF shareholders due to minority interests own shares in a loss-making entity that is heavily indebted. We believe GRF manipulates reported debt & EBITDA to artificially reduce leverage to 6x which we believe is closer to 10x-13x. Should we be correct then GRF equity = 0" [X Link](https://x.com/anyuser/status/1744614754084385082) 2024-01-09T06:59Z 46.2K followers, 63.5K engagements "If you are having trouble accessing our Grifols report try this link here: https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts" [X Link](https://x.com/anyuser/status/1744627741675430387) 2024-01-09T07:50Z 46.2K followers, 67.2K engagements "We have many question + observations regarding Grifols. At this moment we will leave you with one question that NO ONE has addressed: Do Grifols' banks and creditors know that Grifols AND Scranton BOTH FULLY CONSOLIDATE Haema and BPC Plasma onto their financial statements" [X Link](https://x.com/anyuser/status/1745431112183431288) 2024-01-11T13:03Z 46.2K followers, 130.6K engagements "Grifols SA: Focus on Related Parties and Corporate Governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance" [X Link](https://x.com/anyuser/status/1759847126182588647) 2024-02-20T07:47Z 46.2K followers, 47K engagements "Grifols: Free cash flow" [X Link](https://x.com/anyuser/status/1763220378506383431) 2024-02-29T15:11Z 46.2K followers, 23.6K engagements "Grifols: We are innocent and Gotham are crooks that is why we are replacing our CEO" [X Link](https://x.com/anyuser/status/1763222119264166211) 2024-02-29T15:18Z 46.2K followers, 21.7K engagements "El expresidente Vctor Grifols deba a Grifols [---] millones que devolvi este mes de enero Former president Vctor Grifols owed Grifols [---] million which he returned this January https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/ https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/" [X Link](https://x.com/anyuser/status/1763473724374974812) 2024-03-01T07:57Z 46.2K followers, 65.5K engagements "From the article (translated): "If investors expected less connection between Grifols and Scranton Enterprises BV the Dutch-based Grifols' holding company that controls 8.1% of Grifols what they have found is more. More cross interests and more financial ties."" [X Link](https://x.com/anyuser/status/1763474295437816234) 2024-03-01T08:00Z 46.2K followers, [----] engagements ""Grifols has refused to answer any questions about the origin of this debt in question: neither the date on which it was settled nor the reason for providing such a large amount nor the interest rate nor if there were guarantees for the company."" [X Link](https://x.com/anyuser/status/1763474495011160324) 2024-03-01T08:00Z 46.2K followers, 15.7K engagements "Grifols SA: How an advance payment becomes a loan Part I https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i" [X Link](https://x.com/anyuser/status/1765282422944657427) 2024-03-06T07:45Z 46.2K followers, 39.8K engagements "Grifols SA: The BPC Value Transfer https://www.gothamcityresearch.com/post/grifols-sa-the-bpc-value-transfer-a-k-a-how-an-advance-payment-becomes-a-loan-part-ii https://www.gothamcityresearch.com/post/grifols-sa-the-bpc-value-transfer-a-k-a-how-an-advance-payment-becomes-a-loan-part-ii" [X Link](https://x.com/anyuser/status/1790271877627416970) 2024-05-14T06:44Z 46.2K followers, 24.3K engagements "Which French listed company might 👇 be referring to 🤔 There is a French listed company which last year was accused of round tripping with a major supplier. A major supplier is also a large shareholder in said company 🤷🏼♂. Nine months later and that supplier / shareholder has corrected its inventory and reported its sales at -25% There is a French listed company which last year was accused of round tripping with a major supplier. A major supplier is also a large shareholder in said company 🤷🏼♂. Nine months later and that supplier / shareholder has corrected its inventory and reported its" [X Link](https://x.com/anyuser/status/1793897112192901201) 2024-05-24T06:49Z 46.2K followers, 30.7K engagements "Moodys Ratings decided to withdraw its credit ratings of Grifols related loans because it believes it has insufficient or otherwise inadequate information to support the maintenance of the ratings on Friday July [--] 2024" [X Link](https://x.com/anyuser/status/1812756714665497084) 2024-07-15T07:50Z 46.2K followers, 30.7K engagements "Grifols New Auditor Discovers Non-Cash Accounting Discrepancy" [X Link](https://x.com/anyuser/status/1818255566525051357) 2024-07-30T12:01Z 46.2K followers, 23.2K engagements "Brookfield's takeover bid on Grifols is complicated because it does not trust the accounts of its subsidiary in China La OPA de Brookfield sobre Grifols se complica porque no se fa de las cuentas de su filial en China https://okdiario.com/economia/opa-brookfield-sobre-grifols-complica-porque-no-fian-cuentas-filial-china-13309984 https://okdiario.com/economia/opa-brookfield-sobre-grifols-complica-porque-no-fian-cuentas-filial-china-13309984" [X Link](https://x.com/anyuser/status/1823259344378662915) 2024-08-13T07:24Z 46.2K followers, 31.3K engagements "New report tomorrow. Europe" [X Link](https://x.com/anyuser/status/1838966691843420355) 2024-09-25T15:40Z 46.2K followers, 102.9K engagements "Mutares Research Report link to our report: Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report" [X Link](https://x.com/anyuser/status/1839194519285449009) 2024-09-26T06:45Z 46.2K followers, 81.2K engagements "BROOKFIELD IS WALKING AWAY OVER VALUATION DISAGREEMENT - BBG" [X Link](https://x.com/anyuser/status/1861682537128698031) 2024-11-27T08:04Z 46.2K followers, 23.8K engagements "Why did Brookfield walk away from acquiring Grifols According to Bloomberg news one of the reasons: Brookfield was not getting the information it needed in going over the Grifols books" [X Link](https://x.com/anyuser/status/1862051143209324744) 2024-11-28T08:29Z 46.2K followers, 26.8K engagements "Frauds upon hearing @HindenburgRes is retiring: A Personal Note From Our Founder https://t.co/OOMtimC0gV A Personal Note From Our Founder https://t.co/OOMtimC0gV" [X Link](https://x.com/anyuser/status/1879688871233069248) 2025-01-16T00:35Z 46.2K followers, 17.4K engagements "Tomorrow we will release a report on yet another $10+ billion company. Its accounting and disclosures remind us of Grifols except it's American. At best we believe shares face 60%-75% downside based on our estimates of its value. At worst we believe shares are worthless. Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did. Tomorrow we will release a report on a highly levered" [X Link](https://x.com/anyuser/status/1904986966724055276) 2025-03-26T20:01Z 46.2K followers, 127.7K engagements "Kyndryl (ticker: $KD) Like the old IBM except with an Undisclosed Cost Problem: Part I Link to our our report: https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i" [X Link](https://x.com/anyuser/status/1905247181465882630) 2025-03-27T13:15Z 46.2K followers, 60.4K engagements "Kyndryl (ticker = $KD) A Melting Ice Cube with a Consulting Mirage - Part II https://www.gothamcityresearch.com/post/kyndryl-a-melting-ice-cube-with-a-consulting-miragepart-ii https://www.gothamcityresearch.com/post/kyndryl-a-melting-ice-cube-with-a-consulting-miragepart-ii" [X Link](https://x.com/anyuser/status/1905268411656962071) 2025-03-27T14:39Z 46.2K followers, 11K engagements "Kyndryl and its Deliberately Misleading Statement we explain why we believe $KD is trying to mislead investors Read here: https://www.gothamcityresearch.com/post/kyndryl-and-its-deliberately-misleading-statement https://www.gothamcityresearch.com/post/kyndryl-and-its-deliberately-misleading-statement" [X Link](https://x.com/anyuser/status/1905610921437020383) 2025-03-28T13:20Z 46.2K followers, [----] engagements "Mutares SE & Co. KGaA postpones publication of its audited annual and consolidated financial statements [----] and Annual General Meeting 🤔 Mutares Research Report link to our report: https://t.co/ozscq4J4H0 Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse Mutares Research Report link to our report: https://t.co/ozscq4J4H0 Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse" [X Link](https://x.com/anyuser/status/1917145198100140207) 2025-04-29T09:13Z 46.2K followers, 14.5K engagements "Grifols paid a higher price to buy blood plasma from an entity linked to its controlling family than from third-party suppliers according to a regulators findings submitted in a court case https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter" [X Link](https://x.com/anyuser/status/1937419842153562374) 2025-06-24T07:57Z 46.2K followers, [----] engagements "This is probably not a bad time to reduce risk" [X Link](https://x.com/anyuser/status/1947390470289822149) 2025-07-21T20:17Z 46.2K followers, 28.8K engagements "When some are openly touting how things can only go right - promoting 100x baggers everyday - maybe it isnt a bad idea to think about what can go wrong" [X Link](https://x.com/anyuser/status/1947390981894246517) 2025-07-21T20:19Z 46.2K followers, [----] engagements "We aim to find new 100-baggers every 4-6 months 🤔" [X Link](https://x.com/anyuser/status/1947391533281657308) 2025-07-21T20:21Z 46.2K followers, [----] engagements "Tomorrow we plan on discussing two different companies. In two separate reports. Both are US-listed. Stay tuned" [X Link](https://x.com/anyuser/status/1948111123460530522) 2025-07-23T20:01Z 46.2K followers, 27.9K engagements "Landbridge Holdings $LB: A Related Party Dance with a Circular Shuffle Please visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/" [X Link](https://x.com/anyuser/status/1948375078137438474) 2025-07-24T13:29Z 46.2K followers, 34.4K engagements "We believe $TPL stock is up over 4x since [----] due to forced price insensitive buyers and misplaced confidence in Horizon. $TPL business is inflecting into a lower quality capital intensive business with less growth and lower ROICs. We believe shares will approach $361-$440 per share implying 53%-61% downside vs current price" [X Link](https://x.com/GothamResearch/status/1948396051133800871) 2025-07-24T14:53Z 41.8K followers, [----] engagements "$TPL stock was up 100x from 2002-2019 tracking its EPS growth which also grew 100x. Amazing but in the rearview. From 2019-2024 EPS only grew 1.4x yet the stock 4.2x. $TPL EPS growth at similar rates to $SPY but stock is up far more vs $SPY since [----]. https://x.com/Arya__Deniz/status/1948398998894641618 https://x.com/Arya__Deniz/status/1948398998894641618" [X Link](https://x.com/GothamResearch/status/1948401066464399548) 2025-07-24T15:13Z 41.8K followers, [----] engagements "$TPL spent $471 million on acquiring assets in [----] more than in the previous [--] years (2002-2023) - combined (TPL spent $336 million between 2002-2023). TPL is inflecting from capital light to capital intensive. Being dealt a royal flush does not make one a good poker player" [X Link](https://x.com/GothamResearch/status/1948401914028437564) 2025-07-24T15:16Z 41.8K followers, [----] engagements "We will be releasing a $LB report later this week" [X Link](https://x.com/anyuser/status/1950550993269117439) 2025-07-30T13:36Z 46.2K followers, 10.9K engagements "Germany's Securities Regulator - BaFin - Sees indication Mutares Violated Accounting Standards. We warned September of last year that we see accounting irregularities particularly regarding MUX balance sheet's reported cash position and receivables. It seems BaFin also has concerns about MUX's balance sheet" [X Link](https://x.com/anyuser/status/1951232691136757981) 2025-08-01T10:45Z 46.2K followers, [----] engagements "In our MUX report that we published last September we expressed concerns about MUX's accounting and also expressed our opinion that Mutares SE & Co. KGaA profits are driven by a circular funding scheme. $LB reminds us of MUX. We believe MUX used related/affiliated parties to artificially boost results. We believe $LB used related parties to artificially boost its results. $LB may not be a copy of MUX but it seems to rhyme with MUX for the reasons we explained in our report" [X Link](https://x.com/anyuser/status/1951232942950297865) 2025-08-01T10:46Z 46.2K followers, [----] engagements "next week*. We just received new information and analysis that will clarify some widely believed misconceptions" [X Link](https://x.com/anyuser/status/1951372613214937377) 2025-08-01T20:01Z 46.2K followers, [----] engagements "The $KD results validate what we said in our 2nd KD report: KD is a melting ice cube with a consulting mirage. The so-called "consulting" business is not offsetting organic decline and worse is seeding the businesses' obsolesence from $AMZN $MSFT $GOOGL WE REMAIN SHORT $KD https://x.com/GothamResearch/status/1905268411656962071 https://x.com/GothamResearch/status/1905268411656962071" [X Link](https://x.com/GothamResearch/status/1952706329254224077) 2025-08-05T12:20Z 41.8K followers, [----] engagements "Landbridge Holdings $LB: Questions for Management and How the Bulls Related Party Math Does Not Add Up full report: https://www.gothamcityresearch.com/post/landbridge-holdings-questions-for-management-and-how-the-bulls-related-party-math-does-not-add-up https://www.gothamcityresearch.com/post/landbridge-holdings-questions-for-management-and-how-the-bulls-related-party-math-does-not-add-up" [X Link](https://x.com/anyuser/status/1953087074959286286) 2025-08-06T13:33Z 46.2K followers, [----] engagements "$KD operating cash flow DECLINED YoY for the [--] months ending in September [----] and Free cash flow remains negative and worse YoY: . @GothamResearch now that $KD posted strongly positive op cash flow positive GAAP and adjusted figures $400M more in buybacks reaffirms $550M FCF this FY (ending [--] months) $1B FCF by FY28 (which starts [--] mo from now): https://t.co/792AGC58nP . @GothamResearch now that $KD posted strongly positive op cash flow positive GAAP and adjusted figures $400M more in buybacks reaffirms $550M FCF this FY (ending [--] months) $1B FCF by FY28 (which starts [--] mo from now):" [X Link](https://x.com/GothamResearch/status/1986057322972742140) 2025-11-05T13:05Z 42.1K followers, 13.1K engagements "$KD Total revenue declined for the quarter both in reported and constant currency terms:" [X Link](https://x.com/GothamResearch/status/1986057600207855841) 2025-11-05T13:06Z 41.8K followers, [----] engagements "link to the $IRM report: https://www.gothamcityresearch.com/post/the-dark-side-of-iron-mountain-from-a-melting-ice-cube-to-a-house-on-fire https://www.gothamcityresearch.com/post/the-dark-side-of-iron-mountain-from-a-melting-ice-cube-to-a-house-on-fire" [X Link](https://x.com/GothamResearch/status/1991183631218286773) 2025-11-19T16:35Z 42.2K followers, [----] engagements "We believe $IRM manipulates adjusted leverage & EBITDA to artificially reduce reported leverage to 5x when we calculate it as 9x" [X Link](https://x.com/GothamResearch/status/1991184362478407893) 2025-11-19T16:38Z 42.2K followers, [----] engagements "Gotham City Researchs Formal Response to Gowex & Jenaro Garcia Martins Public Confession - http://t.co/gOFBCIQrsm cc: QPP Quindell $EBIX http://gothamcityresearch.com/ http://gothamcityresearch.com/" [X Link](https://x.com/anyuser/status/486123270882615299) 2014-07-07T12:23Z 46.2K followers, [--] engagements "We've found a company that gets us just as excited as Quindell and Gowex did. We think the shares of this company will go to zero" [X Link](https://x.com/anyuser/status/593045486216425472) 2015-04-28T13:33Z 46.2K followers, [--] engagements "In "Quindell: A Country Club Built on Quicksand" we claimed 42%-80% of profits suspect. Quindell finally confesses: http://t.co/SvBpz5HEkV http://www.quindell.com/wp-content/downloads/2015/Investor/AR2014.pdf http://www.quindell.com/wp-content/downloads/2015/Investor/AR2014.pdf" [X Link](https://x.com/anyuser/status/628893109108240384) 2015-08-05T11:39Z 46.2K followers, [--] engagements "Quindell and former #QPP CEO Robert Terry's defamation lawsuit & statements against us were defamatory malicious & untrue. For the record" [X Link](https://x.com/anyuser/status/628893490441756672) 2015-08-05T11:41Z 46.2K followers, [--] engagements "Regarding Theranos: the last time we saw a company's customers publicly disputing & questioning its relationship with the company was Gowex" [X Link](https://x.com/anyuser/status/657970566842986496) 2015-10-24T17:23Z 46.2K followers, [--] engagements "We have a few announcements coming in the near future. Stay tuned" [X Link](https://x.com/anyuser/status/725707159976169473) 2016-04-28T15:24Z 46.2K followers, [--] engagements "We are initiating coverage on a new company tomorrow. Reminds us of Valeant & Quindell before they imploded. We estimate 96+% downside" [X Link](https://x.com/anyuser/status/725780989604147204) 2016-04-28T20:17Z 46.2K followers, [--] engagements "MDC Partners (ticker = $MDCA): Like Valeant But with Understated Debts - Price target $1.00 per share https://gothamcityresearch.com/2016/04/29/mdc-partners-ticker-mdca-like-valeant-pharmaceuticals-but-with-understated-debts/ https://gothamcityresearch.com/2016/04/29/mdc-partners-ticker-mdca-like-valeant-pharmaceuticals-but-with-understated-debts/" [X Link](https://x.com/GothamResearch/status/726049109593968640) 2016-04-29T14:02Z 42.2K followers, [--] engagements "$HAIN down -27% on accounting investigation. $Hain CEO Irwin Simon is a Board Member of $MDCA & member of $MDCA audit committee" [X Link](https://x.com/anyuser/status/765559028571398144) 2016-08-16T14:41Z 46.2K followers, [--] engagements "Aurelius Equity Opportunities SE & Co KGaA: The Next Arques AG or the next Philip Green https://gothamcityresearch.com/2017/03/28/aurelius-equity-opportunities-se-co-kgaa-the-next-arques-ag-or-the-next-philip-green/ https://gothamcityresearch.com/2017/03/28/aurelius-equity-opportunities-se-co-kgaa-the-next-arques-ag-or-the-next-philip-green/" [X Link](https://x.com/anyuser/status/846679810466349057) 2017-03-28T11:06Z 46.2K followers, [--] engagements "Gotham City Research is Initiating Coverage on Criteo SA $CRTO : Why Does Criteo Refuse to Reveal to its Clients Where Their Ads Are Placed" [X Link](https://x.com/anyuser/status/908709234451283968) 2017-09-15T15:08Z 46.2K followers, [--] engagements "Harvard Professor Ben Edelman who has a track record of exposing ad fraud companies warns against Criteo (only available on Bloomberg):" [X Link](https://x.com/GothamResearch/status/909857394842316800) 2017-09-18T19:11Z 42.2K followers, [--] engagements "Criteo: The true Fraudster in the Adtech Industry Today We are release our first report on Criteo $CRTO : https://gothamcityresearch.com/2017/09/21/criteo-the-true-fraudster-in-the-adtech-industry/ https://gothamcityresearch.com/2017/09/21/criteo-the-true-fraudster-in-the-adtech-industry/" [X Link](https://x.com/anyuser/status/910887748957097984) 2017-09-21T15:25Z 46.2K followers, [--] engagements "Why we do what we do.for the fans:" [X Link](https://x.com/GothamResearch/status/913133559589638144) 2017-09-27T20:09Z 42.2K followers, [--] engagements "JP Morgan Chase Banks Chief Marketing Officer slams ad tech vendors like Criteo for perpetuating fraud:" [X Link](https://x.com/anyuser/status/916387449596792832) 2017-10-06T19:39Z 46.2K followers, [--] engagements "We wrote to Apple last week explaining why we believe Criteo's ITP workaround is both dangerous & illegal. Here is Apple's response to us:" [X Link](https://x.com/anyuser/status/918529248788221952) 2017-10-12T17:30Z 46.2K followers, [--] engagements "On October 12th we wrote a report titled: "Criteo SA (NASDAQ: $CRTO): Why We Believe Criteos Undisclosed Practices are Illegal and Harmful to Advertisers" Reposting for those who did not get a chance to read it (FYI there are more shoes to drop). https://www.gothamcityresearch.com/single-post/2017/10/12/Criteo-SA-NASDAQ-CRTO-Why-We-Believe-Criteo%E2%80%99s-Undisclosed-Practices-are-Illegal-and-Harmful-to-Advertisers https://www.gothamcityresearch.com/single-post/2017/10/12/Criteo-SA-NASDAQ-CRTO-Why-We-Believe-Criteo%E2%80%99s-Undisclosed-Practices-are-Illegal-and-Harmful-to-Advertisers" [X Link](https://x.com/anyuser/status/941340149195182087) 2017-12-14T16:12Z 46.2K followers, [--] engagements "On September 21st we wrote "Criteo: The true Fraudster in the Adtech Industry" $CRTO stock promoters dismiss us for being wrong about Criteo & ad fraud. If so why did Criteo start offering domain level transparency starting November https://www.gothamcityresearch.com/single-post/2017/09/21/Criteo-The-true-Fraudster-in-the-Adtech-Industry-1 https://www.gothamcityresearch.com/single-post/2017/09/21/Criteo-The-true-Fraudster-in-the-Adtech-Industry-1" [X Link](https://x.com/anyuser/status/941345305173352449) 2017-12-14T16:33Z 46.2K followers, [--] engagements "Carvana: Bridgecrest and the Undisclosed Transactions and Debts - Last year: both @HindenburgRes and @RealJimChanos lamented at the limited transparency into $CVNA related parties DriveTime and Bridgecrest. - Last week: $CVNA refused to release financial details about DriveTime in a closely watched lawsuit against Carvana and its executives alleging they carried out a fraudulent pump and dump scheme - TODAY: We are releasing the DriveTime [----] Annual Report and the GoFI LLC Annual Report we obtained via Freedom of Information Act request along with our report. for our full report DriveTime's" [X Link](https://x.com/GothamResearch/status/2016547974776861083) 2026-01-28T16:24Z 46.2K followers, 300.2K engagements "Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did" [X Link](https://x.com/anyuser/status/1744464240918802712) 2024-01-08T21:01Z 46.2K followers, 1.4M engagements "Grifols SA: Scranton and the Undisclosed Debts for the full report - https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts" [X Link](https://x.com/anyuser/status/1744611322900500931) 2024-01-09T06:45Z 46.2K followers, 734.3K engagements "New report tomorrow. Europe" [X Link](https://x.com/anyuser/status/1838966691843420355) 2024-09-25T15:40Z 46.2K followers, 102.9K engagements "Tomorrow we will release a report on yet another $10+ billion company. Its accounting and disclosures remind us of Grifols except it's American. At best we believe shares face 60%-75% downside based on our estimates of its value. At worst we believe shares are worthless. Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did. Tomorrow we will release a report on a highly levered" [X Link](https://x.com/anyuser/status/1904986966724055276) 2025-03-26T20:01Z 46.2K followers, 127.7K engagements "We have many question + observations regarding Grifols. At this moment we will leave you with one question that NO ONE has addressed: Do Grifols' banks and creditors know that Grifols AND Scranton BOTH FULLY CONSOLIDATE Haema and BPC Plasma onto their financial statements" [X Link](https://x.com/anyuser/status/1745431112183431288) 2024-01-11T13:03Z 46.2K followers, 130.6K engagements "El expresidente Vctor Grifols deba a Grifols [---] millones que devolvi este mes de enero Former president Vctor Grifols owed Grifols [---] million which he returned this January https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/ https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/" [X Link](https://x.com/anyuser/status/1763473724374974812) 2024-03-01T07:57Z 46.2K followers, 65.5K engagements "Mutares Research Report link to our report: Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report" [X Link](https://x.com/anyuser/status/1839194519285449009) 2024-09-26T06:45Z 46.2K followers, 81.2K engagements "Tomorrow we plan on discussing two different companies. In two separate reports. Both are US-listed. Stay tuned" [X Link](https://x.com/anyuser/status/1948111123460530522) 2025-07-23T20:01Z 46.2K followers, 27.9K engagements "The Wirecard fraud thesis - from 2008: https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/ https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/" [X Link](https://x.com/anyuser/status/1273882206264373248) 2020-06-19T07:36Z 46.2K followers, [---] engagements "Kyndryl (ticker: $KD) Like the old IBM except with an Undisclosed Cost Problem: Part I Link to our our report: https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i" [X Link](https://x.com/anyuser/status/1905247181465882630) 2025-03-27T13:15Z 46.2K followers, 60.4K engagements "Why did Brookfield walk away from acquiring Grifols According to Bloomberg news one of the reasons: Brookfield was not getting the information it needed in going over the Grifols books" [X Link](https://x.com/anyuser/status/1862051143209324744) 2024-11-28T08:29Z 46.2K followers, 26.8K engagements "Grifols: We are innocent and Gotham are crooks that is why we are replacing our CEO" [X Link](https://x.com/anyuser/status/1763222119264166211) 2024-02-29T15:18Z 46.2K followers, 21.7K engagements "This is probably not a bad time to reduce risk" [X Link](https://x.com/anyuser/status/1947390470289822149) 2025-07-21T20:17Z 46.2K followers, 28.8K engagements "9 years ago we exposed two outliers listed in Europe: Let's Gowex and Quindell plc. Tomorrow we will release a report on a company who we strongly suspect will join the Pantheon of Europe-listed outliers. In the interim feel free to guess this outlier's attributes: Fictitious revenue Fictitious cash none of the above Hidden related party deal Fictitious revenue Fictitious cash none of the above Hidden related party deal" [X Link](https://x.com/anyuser/status/1671542868861931521) 2023-06-21T15:37Z 46.2K followers, 111.5K engagements "Grifols: Free cash flow" [X Link](https://x.com/anyuser/status/1763220378506383431) 2024-02-29T15:11Z 46.2K followers, 23.6K engagements "GRF shareholders due to minority interests own shares in a loss-making entity that is heavily indebted. We believe GRF manipulates reported debt & EBITDA to artificially reduce leverage to 6x which we believe is closer to 10x-13x. Should we be correct then GRF equity = 0" [X Link](https://x.com/anyuser/status/1744614754084385082) 2024-01-09T06:59Z 46.2K followers, 63.5K engagements "Grifols New Auditor Discovers Non-Cash Accounting Discrepancy" [X Link](https://x.com/anyuser/status/1818255566525051357) 2024-07-30T12:01Z 46.2K followers, 23.2K engagements "If you are having trouble accessing our Grifols report try this link here: https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts" [X Link](https://x.com/anyuser/status/1744627741675430387) 2024-01-09T07:50Z 46.2K followers, 67.2K engagements "Grifols SA: How an advance payment becomes a loan Part I https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i" [X Link](https://x.com/anyuser/status/1765282422944657427) 2024-03-06T07:45Z 46.2K followers, 39.8K engagements "Landbridge Holdings $LB: A Related Party Dance with a Circular Shuffle Please visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/" [X Link](https://x.com/anyuser/status/1948375078137438474) 2025-07-24T13:29Z 46.2K followers, 34.4K engagements "Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about all lined up" [X Link](https://x.com/anyuser/status/1355157191653691397) 2021-01-29T14:13Z 46.2K followers, [--] engagements "SES Imagotag SESL: THE CIRCULAR DANCE WITH A CHINESE TWIRL PART I https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i" [X Link](https://x.com/anyuser/status/1671771724483031040) 2023-06-22T06:46Z 46.2K followers, 120.4K engagements "Frauds upon hearing @HindenburgRes is retiring: A Personal Note From Our Founder https://t.co/OOMtimC0gV A Personal Note From Our Founder https://t.co/OOMtimC0gV" [X Link](https://x.com/anyuser/status/1879688871233069248) 2025-01-16T00:35Z 46.2K followers, 17.4K engagements "A Personal Note From Our Founder https://hindenburgresearch.com/gratitude/ https://hindenburgresearch.com/gratitude/" [X Link](https://x.com/HindenburgRes/status/1879639928247877738) 2025-01-15T21:20Z 866.2K followers, 3.5M engagements "The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/" [X Link](https://x.com/GothamResearch/status/1948394469184958709) 2025-07-24T14:46Z 46.2K followers, 46.8K engagements "Dear Burford Capital: Short Sellers are Important Players in Fulfilling Justice Our full statement regarding litigation finance short selling and Burford Capital: $BUR https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6 https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6" [X Link](https://x.com/GothamResearch/status/1160567560556834816) 2019-08-11T15:04Z 42.2K followers, [--] engagements "BROOKFIELD IS WALKING AWAY OVER VALUATION DISAGREEMENT - BBG" [X Link](https://x.com/anyuser/status/1861682537128698031) 2024-11-27T08:04Z 46.2K followers, 23.8K engagements "$YALA reminds us of Lets Gowex and Luckin Coffee $LK. We are short $YALA" [X Link](https://x.com/anyuser/status/1395036913870917644) 2021-05-19T15:21Z 46.2K followers, [--] engagements "Grifols SA: Focus on Related Parties and Corporate Governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance" [X Link](https://x.com/anyuser/status/1759847126182588647) 2024-02-20T07:47Z 46.2K followers, 47K engagements "Short selling is always dangerous but rarely this dangerous: https://t.co/GH3qbVtlcC https://t.co/GH3qbVtlcC" [X Link](https://x.com/anyuser/status/1408047220595728388) 2021-06-24T12:59Z 42.2K followers, [--] engagements "@cablecarcapital The continuing actions of company and the regulators in the Wirecard situation seem so comically absurd that I am inclined to consider the more cartoonish conspiracy theories @cablecarcapital The continuing actions of company and the regulators in the Wirecard situation seem so comically absurd that I am inclined to consider the more cartoonish conspiracy theories" [X Link](https://x.com/anyuser/status/1408043848681590790) 2021-06-24T12:46Z [----] followers, [--] engagements "Grifols paid a higher price to buy blood plasma from an entity linked to its controlling family than from third-party suppliers according to a regulators findings submitted in a court case https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter" [X Link](https://x.com/anyuser/status/1937419842153562374) 2025-06-24T07:57Z 46.2K followers, [----] engagements "We are initiating coverage on a new company tomorrow. Reminds us of Valeant & Quindell before they imploded. We estimate 96+% downside" [X Link](https://x.com/anyuser/status/725780989604147204) 2016-04-28T20:17Z 46.2K followers, [--] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@GothamResearch Gotham City Research
Gotham City Research posts on X about company, $kd, we are, $lb the most. They currently have [------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.
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Social Influence
Social category influence finance stocks technology brands countries cryptocurrencies currencies exchanges financial services travel destinations celebrities
Social topic influence company, $kd #2, we are, $lb, financial, accounting, $crto, $cvna #59, kyndryl, link
Top accounts mentioned or mentioned by @finnbarian @hindenburgres @realjimchanos @willauerprosky @blue_chip1 @qtrresearch @sharesleuth @claritytoast @longshorttrader @lopezlinette @crypto_condom @vibeship1 @boxlongs @negligible_cap @gothamcityresearchdearburfordcapitalshortsellersareimportantplayersinfulfillingjustice4d88d48e6fe6 @ft @herbgreenberg @svaperpol @nicoolas @_kablaa
Top assets mentioned Kyndryl Holdings, Inc. (KD) LandBridge Company LLC (LB) Carvana Co. (CVNA) Texas Pacific Land, Corp. (TPL) IBM (IBM) MediBloc (MED) Iron Mountain Inc (IRM) HORIZON KINETICS HOLDING (HKHC) Yala (YALA) Burford Capital Limited (BUR)
Top Social Posts
Top posts by engagements in the last [--] hours
"Later today we will be releasing a new report on a Company. Our report introduces previously non public information that we legally obtained and believe is a smoking gun. We believe this report will be regarded as the best and most impactful work we've done in our [--] year history. We think this Company will age as one of the biggest Corporate Scandals of America over time. cc: @HindenburgRes @RealJimChanos https://twitter.com/i/web/status/2016516613260894644 https://twitter.com/i/web/status/2016516613260894644"
X Link 2026-01-28T14:20Z 46.2K followers, 203.7K engagements
"Carvana: Bridgecrest and the Undisclosed Transactions and Debts - Last year: both @HindenburgRes and @RealJimChanos lamented at the limited transparency into $CVNA related parties DriveTime and Bridgecrest. - Last week: $CVNA refused to release financial details about DriveTime in a closely watched lawsuit against Carvana and its executives alleging they carried out a fraudulent pump and dump scheme - TODAY: We are releasing the DriveTime [----] Annual Report and the GoFI LLC Annual Report we obtained via Freedom of Information Act request along with our report. for our full report DriveTime's"
X Link 2026-01-28T16:24Z 46.2K followers, 300.2K engagements
"Below 👇 is a must read on $CVNA in our opinion. Just published my forensic short thesis on $CVNA: "Carvana Subprime Auto in Prime Clothing" Stated-income loans everywhere FICO illusion LTVs exploding to 92% (36% underwater) extensions hiding delinquencies. Securitization flywheel at risk. Echoes some @GothamResearch Just published my forensic short thesis on $CVNA: "Carvana Subprime Auto in Prime Clothing" Stated-income loans everywhere FICO illusion LTVs exploding to 92% (36% underwater) extensions hiding delinquencies. Securitization flywheel at risk. Echoes some @GothamResearch"
X Link 2026-02-05T13:49Z 46.2K followers, 22.4K engagements
"$KD CFO bye bye and SEC Enforcement Where were the signs https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i"
X Link 2026-02-09T12:43Z 46.2K followers, 25.3K engagements
"Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did"
X Link 2024-01-08T21:01Z 46.2K followers, 1.4M engagements
"$KD released earnings after the close yesterday. KD cash burn has worsened YoY and revenue is down -3% YoY on a constant currency basis. These results validate what we said n March in our report 👇: we believe KD manipulates reported Adj EBITDA + Adj. FCF to artificially give the appearance that it generates profits and cash flow. In reality KD generates losses and burns cash. $KD does not look like a successful turnaround; rather it looks like $DXC Kyndryl (ticker: $KD) Like the old IBM except with an Undisclosed Cost Problem: Part I Link to our our report: https://t.co/r8k9DZU6Yf"
X Link 2025-08-05T12:05Z 46.2K followers, 20.7K engagements
"The Dark Side of Iron Mountain $IRM: from a Melting Ice Cube to a House on Fire Please visit our website for the full report: https://www.gothamcityresearch.com/ https://www.gothamcityresearch.com/"
X Link 2025-11-19T16:34Z 46.2K followers, 23.5K engagements
"$IRM is under scrutiny from government agencies and facing lawsuits over its suspect accounting and exploitative business practices. We expect these to intensify. There are many reasons we believe the US Government might take interest. cc: @elonmusk https://x.com/DOGE/status/1889437908094042277lang=en Federal employee retirements are processed using paper by hand in an old limestone mine in Pennsylvania. 700+ mine workers operate [---] feet underground to process [-----] applications per month which are stored in manila envelopes and cardboard boxes. The retirement process https://t.co/dXCTgpAWLs"
X Link 2025-11-19T16:40Z 45.7K followers, 16.4K engagements
"Should our estimate of $IRM true leverage and cash flow be correct IRM will face higher financing costs and/or a dividend cut. we believe shares are uninvestible. The stock is worth $41 per share implying over 52% downside to current price should the core business (90% of its revenue) be valued at the same average market multiple as the S&P500. https://twitter.com/i/web/status/1991185638490612152 https://twitter.com/i/web/status/1991185638490612152"
X Link 2025-11-19T16:43Z 45.6K followers, [----] engagements
"We can see why $CVNA wants to keep DriveTime in the shadows: DriveTime burned over $1 billion in cash from 2023-2024. Over $1 billion in debt not contributions from Garcia funded these losses. We believe DriveTimes subsidies fuel over 73% of CVNA EBITDA. DriveTime is levered 20x-40x in 2023-2024. We estimate [----] leverage remains elevated at 20x. Bridgecrest instantly marked down its $5.9 billion loan book by -15% in [----]. https://twitter.com/i/web/status/2016548483470151707 https://twitter.com/i/web/status/2016548483470151707"
X Link 2026-01-28T16:26Z 45.7K followers, 16K engagements
"The following reverse pyramid depicts our thesis along with the complex interplay between $CVNA s earnings and its related parties:"
X Link 2026-01-28T16:28Z 45.7K followers, 20.7K engagements
"DriveTime burned over $1 billion in cash from 2022-2024. Should the head of $CVNA audit committee be saying things like this shown below https://x.com/RealJimChanos/status/1951402647577305165s=20 Yesterday $CVNA Director and Chair of the Audit Committee apparently tweeted this outand then deleted it. https://t.co/aDLe2ifxXY https://x.com/RealJimChanos/status/1951402647577305165s=20 Yesterday $CVNA Director and Chair of the Audit Committee apparently tweeted this outand then deleted it. https://t.co/aDLe2ifxXY"
X Link 2026-01-28T16:36Z 45.7K followers, 16.9K engagements
"We think @HindenburgRes was on the right track with $CVNA and is a must read. However the word Bridgecrest appears zero times in their report and only one time as a footnote. Bridgecrest shenanigans are key to understanding $CVNA as we explain in our report. this goes to show how nearly impossible it is to truly understand whats driving $CVNA without transparency into DriveTime/Bridgecrest financials: https://x.com/HindenburgRes/status/1874833529957466607s=20 https://x.com/HindenburgRes/status/1874833529957466607s=20"
X Link 2026-01-28T16:46Z 45.7K followers, 19.2K engagements
"@ericjackson you have your talents - and we truly wish you well - but fraud detection isn't one of them (remember the china frauds you got burned by). That's our territory. This isn't just another $CVNA short report. We recommend you read our report the Drivetime [----] Annual Report and the GoFi [----] Annual Report before drawing any conclusions. @FrontRowBrian @GothamResearch @HindenburgRes @RealJimChanos I bought some CVNA today @FrontRowBrian @GothamResearch @HindenburgRes @RealJimChanos I bought some CVNA today"
X Link 2026-01-28T16:49Z 45.7K followers, 21.3K engagements
"@HindenburgRes The below report made some good points about GoFi LLC. However you must read the GoFi [----] AR. It reveals circular flow of money between GoFi and DriveTime. We believe it mirrors what we see going on between $CVNA and DriveTime/Bridgecrest : https://x.com/MinotaurStocks/status/2006302798653366310s=20 $CVNA investors have long reckoned with a web of entities controlled by its largest shareholder Ernest Garcia Jr. These entities and brands include DriveTime Bridgecrest SilverRock and most recently GoFi: https://t.co/P52eo5fjup"
X Link 2026-01-28T17:04Z 46.1K followers, 29.1K engagements
"Dear JP Morgan $CVNA claims it has and may sell its loans to DriveTime. CVNA doesnt specify when nor how much. The DriveTime Annual Report [----] does not disclose that it buys loans from CVNA. The only purchase/sale of loans it disclosed is with GoFi. Both of these cant be true. Youre entitled to your own opinions but not your own facts; stop making stuff up. $JPM is out with their response to @GothamResearch's $CVNA short report I just started making my way through it- it's quite long so at least they put some effor into it but basically they disagree with the report in its entirety and don't"
X Link 2026-01-29T13:50Z 46.1K followers, 76.2K engagements
"Weve uploaded a $CVNA supplemental report https://www.gothamcityresearch.com/post/carvana-bridgecrest-and-the-undisclosed-transactions-and-debts https://www.gothamcityresearch.com/post/carvana-bridgecrest-and-the-undisclosed-transactions-and-debts"
X Link 2026-01-29T14:27Z 46.1K followers, [----] engagements
"The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/"
X Link 2025-07-24T14:46Z 46.2K followers, 46.8K engagements
"From a Bloomberg terminal it looks as if Horizon Kinetics and/or its Founder Murray Stahl are steady long-time buyers of $TPL Stock (see the sea of green below):"
X Link 2025-07-24T14:47Z 46.2K followers, [----] engagements
"Everybody including long-time shareholders and promoters of both $TPL and $LB think Horizon are buying TPL https://x.com/LeoNelissen/status/1948007960896065975 @Vince85623723 Weak sentiment. The only large shareholder that matters is Horizon Kinetics. They are buying https://x.com/LeoNelissen/status/1948007960896065975 @Vince85623723 Weak sentiment. The only large shareholder that matters is Horizon Kinetics. They are buying"
X Link 2025-07-24T14:49Z 46.2K followers, [----] engagements
"Form [--] filings give the appearance that Horizon Kinetics and its CIO Murray Stahl a board member of $TPL are steady and consistent buyers of stock. Horizon Kinetics funds have actually been massive sellers of TPL stock since [----]. We calculate that their TPL position has declined by -34% since the end of [----]. https://twitter.com/i/web/status/1948395448722710914 https://twitter.com/i/web/status/1948395448722710914"
X Link 2025-07-24T14:50Z 46.2K followers, [----] engagements
"Huge $TPL buy from Horizon Kinetics What if we were to tell you that Horizon has actually been massive net sellers of $TPL stock over the last [--] years not buyers Huge $TPL buy from Horizon Kinetics. I think $GOOG should start including our buy/sell tweets in their AI news slop if [--] share is all it takes to be top story. https://t.co/JwkyZyduCG Huge $TPL buy from Horizon Kinetics. I think $GOOG should start including our buy/sell tweets in their AI news slop if [--] share is all it takes to be top story. https://t.co/JwkyZyduCG"
X Link 2025-08-07T17:01Z 46.2K followers, 14.9K engagements
"Read here for more where we explain how Horizon Kinetics have actually been a massive seller not buyer of $TPL shares The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: https://t.co/CBttNBb80l The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: https://t.co/CBttNBb80l"
X Link 2025-08-07T17:02Z 46.2K followers, 11.4K engagements
"Also $KD today: - 10Q filing delayed - continues to burn cash https://investors.kyndryl.com/news-releases/news-release-details/kyndryl-reports-third-quarter-fiscal-2026-results https://investors.kyndryl.com/news-releases/news-release-details/kyndryl-reports-third-quarter-fiscal-2026-results"
X Link 2026-02-09T15:09Z 46.2K followers, [----] engagements
"Dear Prime Minister of The best capital markets in the world include minimal restrictions on short selling. If you want to develop South Korea's financial system into a world leading one consider this fact. I'm happy to discuss further. cc: @moonriver365 South Koreas prime minister says he's not a fan of short-selling as the country moves to remove a pandemic-issued ban on the trading practice https://t.co/8RiaEmEGmU South Koreas prime minister says he's not a fan of short-selling as the country moves to remove a pandemic-issued ban on the trading practice https://t.co/8RiaEmEGmU"
X Link 2021-01-14T10:52Z 39.9K followers, [--] engagements
"A November [----] BOE filing available only in Chinese reveals that as of [--] Sep [----] BOEs balances facing SESL amounted to 71% of SESLs accounts payable and 18% of its accounts receivable as of June [--] [----]. These related party payables & receivable are undisclosed by SESL"
X Link 2023-06-28T07:10Z 37.6K followers, [----] engagements
"The recently announced Walmart deal is not profitable for SESL based on our per unit economic calculations. $WMT is paying SESL EUR [----] per ESL but SESL's cost per ESL is currently at least EUR [----] per ESL. "Everyday low price" is not good news for SESL"
X Link 2023-06-22T06:49Z 37.6K followers, [----] engagements
"SESL shares would trade between EUR [--] EUR 30/share if its shares were to trade simply in-line with its peers' valuation"
X Link 2023-06-22T06:46Z 40.2K followers, 21.2K engagements
"If you are having trouble accessing Part I of our SESL Report please try this link: SES Imagotag: THE CIRCULAR DANCE WITH A CHINESE TWIRL PART I PDF Revenue Joint Venture https://www.scribd.com/document/654651067/SES-Imagotag-THE-CIRCULAR-DANCE-WITH-A-CHINESE-TWIRL-PART-I http://scribd.com https://www.scribd.com/document/654651067/SES-Imagotag-THE-CIRCULAR-DANCE-WITH-A-CHINESE-TWIRL-PART-I http://scribd.com"
X Link 2023-06-22T07:29Z 40.2K followers, 11.8K engagements
"Grifols lent Scranton $95 million in [----]. This loan appears tied to the BPC/Haema transaction yet this loan is undisclosed in Grifols filings only appearing in Scranton filings"
X Link 2024-01-09T06:45Z 37.6K followers, 32.4K engagements
"Mutares reminds us of Aurelius for many reasons including: We see a rapid rise in & high levels of income from negative goodwill. Published holdco earnings don't seem to convert to cash flows over time. we find 50% of portfolio companies outcomes post sale suspect"
X Link 2024-09-26T07:01Z 39.9K followers, 12.1K engagements
"Some of the reasons we believe Mutares is worse than Aurelius: [--]. The H1 [----] balance sheets EUR 394.2mln reported cash position does not match the H1 [----] statement of cash flows EUR 422.2mln reported cash position. We find accounting irregularities re: cash concerning"
X Link 2024-09-26T07:03Z 41.6K followers, [----] engagements
"2. Mutares Holdings Receivables from portfolio companies grew EUR 288mn in 2019-2023 more than the EUR 282mn of cumulative HoldCo net income in that period. This appears circular to us especially since we estimate that Mutares Holding burned EUR -52mn of cash from 2019-2023"
X Link 2024-09-26T07:05Z 41.6K followers, [----] engagements
"3. Mutares appears increasingly reliant on debt as MUX has increased from low levels of debt before [----] to EUR 150mn in debt by year-end [----] and adding an additional EUR 235mn thus far this year"
X Link 2024-09-26T07:08Z 41.6K followers, [----] engagements
"4. Aurelius was in a net cash position in [----] when we wrote our first report on the company whereas Mutares is in a rapidly growing net debt position. Thus we believe Mutares has less room for error"
X Link 2024-09-26T07:11Z 39.9K followers, [----] engagements
"5. Given these and other observations we have regarding Mutares we leave you with a question: Are Mutares' existing investors paid with funds collected from new investors"
X Link 2024-09-26T07:13Z 39.9K followers, [----] engagements
"$KD claims to have grown consulting revenue from [--] to 20% of revenue. a former employee is doubtful: "So when they say the revenue for consulting is growing there's nothing to back it up" Noah claimed. We're told Kyndryl is just taking from managed service accounts (its outsourcing accounts) and counting that as consulting work. "They're just taking it from the left pocket to the right pocket and saying 'Oh that's consulting business'" Noah explained. https://www.theregister.com/2024/12/08/kyndryl_consulting_business/#::text='%22%2C%22%20our%20source%20told%20us"
X Link 2025-03-27T14:41Z 41.4K followers, [----] engagements
"We asked enlisted an industry consultant to reconcile these conflicting narratives. Here is what the industry consultant said about $KD and its "consulting": Kyndryl does not have much in the way of their own proprietary software and hardware so the left pocket to right pocket is moving from being a provider of IT services in support of "legacy IBM contracts" to an IT service provider of "new consulting contracts. End of day still trying to provide a billable service but one that is less sticky and more commoditized"
X Link 2025-03-27T14:43Z 41.4K followers, [----] engagements
"More from the industry consultant we interviewed on $KD consulting: Kyndryl wants investors to think consult growth will eventually grow larger and outpace the decline in legacy mainframe managed services enabling total top line to grow but in reality Kyndryl is facilitating and enabling AWS et al to develop strategic long-term relationships with their mainframe customers"
X Link 2025-03-27T14:44Z 41.4K followers, [----] engagements
"The key question is NOT whether IBM was related party of $KD after August [----]. The question is whether or not IBM remained a key supplier to $KD Doesnt the SEC require companies to disclose supplier concentration risk if it is a material risk to their business After all IBM represented 21% of $KD costs as % of its revenues in [----]. That seems material. Why doesn't $KD make life simple for everybody like normal companies and just disclose how much they paid IBM per year https://x.com/JohnnyBaxPoker/status/1905270366475338097 https://x.com/JohnnyBaxPoker/status/1905270366475338097"
X Link 2025-03-27T14:52Z 41.3K followers, [----] engagements
"Arne Alsins following statements written on November [--] [----] seem quite prescient about $KD CEO ( $IBM's CFO at the time): In contrast to a no-nonsense person this CFO sees internal controls as fungible as something that can be modified or altered based on what suits his needs. With this sort of CFO you tend to see repeat violations with same or similar behaviors. from IBMs CFO Martin Schroeter Has A Lot of Questions to Answer Source: KDs auditor identified a new Critical Audit Matter in its 10K 2024: material weakness related to revenue recognition. KDs auditor believes that the Company did"
X Link 2025-03-27T15:03Z 41.3K followers, [----] engagements
"We believe 16%-55% of $LB [----] revenues are artificially boosted by related parties so that insiders can sell LB stock. For example: the $8 million Data center related party deposit was recognized as revenue upon receipt of the deposit. We dont see evidence that the revenue was earned so quickly"
X Link 2025-07-24T13:31Z 41.7K followers, [----] engagements
"We believe false and/or misleading claims have boosted the stock since its IPO on June [--] [----]. For example David Capobianco claimed in a Hart Energy interview in June [----] WaterBridge only makes up about 17% of LandBridge revenues yet $LB revenue from related parties was actually 32% for 2024"
X Link 2025-07-24T13:32Z 41.7K followers, [----] engagements
"The following might enable dubious $LB accounting and suspect related party transactions: [--] out of [--] audit committee members oversaw their prior companies undergo related party and/or accounting problems involving prison time and bankruptcy. Unlike your typical US-listed companies LBs auditor Deloitte did not audit its internal control over financial reporting due to a temporary loophole LB is exploiting"
X Link 2025-07-24T13:35Z 41.7K followers, [----] engagements
"Longtime $LB/WB CFO and CO-CEO Steven Jones resigned just months after LBs IPO without any evident explanation"
X Link 2025-07-24T13:36Z 41.7K followers, [----] engagements
"A former $TPL employee doesnt believe gigawatt Data Centers are coming to the Permian. If they do he believes $LB stands to make just a few million in land lease revenues per year"
X Link 2025-07-24T13:41Z 41.7K followers, [----] engagements
"In April the PUCT approved the Howard-Solstice [---] kV transmission line. We believe this line undermines the electricity component of the $LB data center bull thesis"
X Link 2025-07-24T13:42Z 41.7K followers, [----] engagements
"Free cash flow burn Yoy actually worsened whether using a standard definition of FCF or their 'creative' FCF definition: We calculate FCF declined [----] million for the qtr versus [----] million in the year prior"
X Link 2025-08-05T12:08Z 41.8K followers, [----] engagements
"$KD Free cash flow worsened even by their 'creative' (and we think misleading and irrelevant) definition of FCF:"
X Link 2025-08-05T12:08Z 41.8K followers, [----] engagements
"$KD revenues declined -3% on a constant currency basis. Notably US revenue declined -8% YoY. These results validate our belief that KD is not a successful turnaround:"
X Link 2025-08-05T12:11Z 41.8K followers, [----] engagements
"In our first $KD report we wrote: We find the 'Total Signings' metric suspect as KD reports Total Signings grew from $13.5bn in FY2021 to $16.3bn as of [----] yet total revenues declined over the same time period. this trend continues as total signings grew yet revenue actually declined -3% in constant currency terms. We believe this validates our view that Total Signings is a bogus metric designed for executive self-enrichment purposes (as it used for bonus calcs) not to accurately reflect the health of the KD business. https://x.com/RInvestors67111/status/1952470466075205725"
X Link 2025-08-05T12:15Z 41.8K followers, [----] engagements
"Listening to the $KD CEO on this call. Martin - like other modern day CEOs - is incredibly talented at using many words to say exactly nothing or fud. For example he claims they are "winning" Yes yes losing revenue and burning cash while slashing and burning is "winning" #sarcasm"
X Link 2025-08-05T12:35Z 41.8K followers, [----] engagements
"We are on the $KD call. KD has been talking about "losing revenue on purpose" for at least 7ish years - both as part of $IBM as well as an independently publicly traded company. Fool me once shame on you. Fool me twice shame on me. https://x.com/ericcartman23/status/1952711518501367818 @GothamResearch Are you even listening to the earnings call They voluntarily removed more revenues you should really talk to more people youre literally doing no work https://x.com/ericcartman23/status/1952711518501367818 @GothamResearch Are you even listening to the earnings call They voluntarily removed more"
X Link 2025-08-05T12:44Z 41.8K followers, [----] engagements
"Dear Eric Cartman (if that's your real name) please see our prior tweet. Yes $KD FCF is seasonally weak. This quarter's FCF burn is WORSE than FCF in the same quarter a year ago. markets care about rate of change and incrementality and it's bad for KD https://x.com/ericcartman23/status/1952712370242904312 https://x.com/ericcartman23/status/1952712370242904312"
X Link 2025-08-05T12:46Z 41.8K followers, [----] engagements
"Martin: You can say the word "innovation" as many times as you'd like. but you are not fooling the algos nor real investors. $KD is not an innovator except maybe in its accounting shenanigans"
X Link 2025-08-05T13:03Z 41.8K followers, [----] engagements
"A self-described owner of $LB stock Sockfoot offered a lengthy rebuttal to our first report the only substantive rebuttal we are aware of. Despite promoting the stock He agrees with us that $8 million of $LB 's [----] revenue is suspect: https://x.com/sockfeetrsrch/status/1950369075491696721 GCR Claim: The $8 million Data center related party deposit was recognized as revenue upon receipt of the deposit. We dont see evidence that the revenue was earned. This is probably the most credible claim in the entire short report. The Powered Land deal does seem sketchy and"
X Link 2025-08-06T13:41Z 41.8K followers, [----] engagements
"But then SOckfoot's core claim is that our calculations of $LB suspect revenue are wrong. The problem we find is that his analysis is both: (i) mathematically (provably) incorrect and (ii) irrelevant . Let's first start with (i) where we prove his math is incorrect"
X Link 2025-08-06T13:43Z 41.8K followers, [----] engagements
"Proof by contradiction: Sockfoots $LB math is incorrect Sockfoot claims: If V_RP = [--] then PWRF for 3P = $0.13 - 0.14/bbl. Except by his own math we show if V_RP PWRF for 3P = $0.22/bbl not 0.13-0.14/bbl Sockfoot claims that if related party Volume (V_RP) is zero then 3rd party Produced Water Royalty Fee (Fee_3P or PWRF for 3P) cannot go lower than $0.13-$0.14/bbl. He says: - Taking this one step further you can calculate the absolute minimum Fee_3P by setting V_RP to some very small number (cannot set explicitly to zero since you run in to divide by zero error but at the limit it is stable) -"
X Link 2025-08-06T13:46Z 41.8K followers, [----] engagements
"A more fundamental problem: Sockfoots $LB math is not only incorrect it is also irrelevant Sockfoots model appears plausible and enticing if you ignore our analysis and solely rely on his representations of our analysis. His model is incorrect but also irrelevant and a distraction to our analysis. Our analysis focus is estimating the % of SUSPECT REVENUE. We even make it abundantly clear that we believe the suspect revenue can reside in either the related party portion AND/OR the non-related party portion. He falsely represents our position as related party IS definitionally suspect and third"
X Link 2025-08-06T13:48Z 41.8K followers, [----] engagements
"$LKQ has been on our radar. It is unsurprising others have issued a strong sell report. We believe it is a great short"
X Link 2014-01-15T15:12Z 40K followers, [--] engagements
"$EIGI Adj. EBITDA a Meaningless Metric as It Does Not Correlate w/ Free Cash Flow [--] Questions Analysts Should Ask http://t.co/qGOsEc0Hen http://gothamcityresearch.com/ http://gothamcityresearch.com/"
X Link 2015-05-05T10:11Z 40K followers, [--] engagements
"The Securities and Exchange Commission announced that Endurance International Group (EIGI) fraudulently inflated subscriber counts and revenue per subscriber numbers: We wrote [--] reports about $EIGI and its suspect operating metrics in 2015: https://www.sec.gov/enforce/33-10504-s https://www.sec.gov/enforce/33-10504-s"
X Link 2018-06-07T13:05Z 42.2K followers, [--] engagements
"After considering early retirement we've decided instead to release a report within the next [--] days to celebrate our near 5-year anniversary of our $TTS report: "The Tile Shop: Like Crazy Eddies But With An Undisclosed Related Party and A Chinese Twist Stay tuned"
X Link 2018-09-20T14:34Z 46.2K followers, [--] engagements
"Medifast (NASDAQ: $med ): Like Lumber Liquidators But With Undisclosed Toxic Metals and A Supply Chain Twist PART I - https://www.gothamcityresearch.com/single-post/2018/09/20/Medifast-NASDAQ-MED-Like-Lumber-Liquidators-But-With-Undisclosed-Toxic-Metals-and-A-Supply-Chain-Twist-PART-I https://www.gothamcityresearch.com/single-post/2018/09/20/Medifast-NASDAQ-MED-Like-Lumber-Liquidators-But-With-Undisclosed-Toxic-Metals-and-A-Supply-Chain-Twist-PART-I"
X Link 2018-09-20T15:36Z 46.2K followers, [--] engagements
"Gotham City Research is reviewing new $MED information received last night that further raises our concerns about (I) toxic metals found in Optavia products and (II) the sourcing/supply chain issues causing them. We expect to release our determinations next week. (1/2)"
X Link 2018-09-21T13:35Z 42.2K followers, [--] engagements
"$MED quietly -26% today trading at $159 per share as of this moment. We believe several problems not covered in our reports will be revealed over the next 6-12 months. More downside to come. Stay tuned"
X Link 2018-11-07T17:31Z 46.2K followers, [--] engagements
"Today Germanys securities regulator BAFIN imposed a ban on a single issuer Wirecard. This action is an unprecedented action as it is the first such ban of an individual stock in its history (though BAFIN and other regulators outlawed shorting of bank shares in 2008)"
X Link 2019-02-18T13:35Z 46.2K followers, [--] engagements
"This unprecedented short selling ban like other bans that preceded it appears to be motivated by the desire to calm financial markets. Short selling bans rarely achieve the desired effects. In fact Gotham City Research believes these bans often have the exact opposite effect"
X Link 2019-02-18T13:41Z 46.2K followers, [--] engagements
"Had only somebody warned about the various risks to the $CRTO business "
X Link 2019-03-26T16:46Z 42.2K followers, [--] engagements
"Dear Burford Capital: Short Sellers are Important Players in Fulfilling Justice Our full statement regarding litigation finance short selling and Burford Capital: $BUR https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6 https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6"
X Link 2019-08-11T15:04Z 42.2K followers, [--] engagements
"Gotham City Research initiated coverage of $MED last year with a strong sell opinion. Shares are down -30% today hitting the upper end of our price target. We will be providing our updated thoughts on $MED shares today. Medifast (NASDAQ: $med ): Like Lumber Liquidators But With Undisclosed Toxic Metals and A Supply Chain Twist PART I - https://t.co/C0xVOinHFE Medifast (NASDAQ: $med ): Like Lumber Liquidators But With Undisclosed Toxic Metals and A Supply Chain Twist PART I - https://t.co/C0xVOinHFE"
X Link 2019-11-08T14:39Z 46.2K followers, [--] engagements
"We are cautious buyers of equities today. Stay safe and healthy This too will pass"
X Link 2020-03-12T14:14Z 46.2K followers, [--] engagements
"Dear South Korea Italy Spain the United Kingdom & other countries restricting short selling: short selling bans destabilize the financial system incite panic and leads to selling of equities. Why Short selling is insurance. If you eliminate insurance people panic & sell"
X Link 2020-03-13T07:22Z 46.2K followers, [--] engagements
"Good morning. We will be sharing our thesis later today on a company whose shares we are long. Stay tuned"
X Link 2020-04-02T10:03Z 46.2K followers, [--] engagements
"Friendly reminder: we have NEVER seen any market regulator in any jurisdiction - other than in Germany - ban short selling of just a single issuer. This extraordinary action last year merits a thorough explanation especially in light of todays Wirecard news. Today Germanys securities regulator BAFIN imposed a ban on a single issuer Wirecard. This action is an unprecedented action as it is the first such ban of an individual stock in its history (though BAFIN and other regulators outlawed shorting of bank shares in 2008). Today Germanys securities regulator BAFIN imposed a ban on a single"
X Link 2020-06-18T16:13Z 46.2K followers, [--] engagements
"Maybe BAFIN owes the @FT an apology Financial restitution for the following:"
X Link 2020-06-18T16:46Z 46.2K followers, [--] engagements
"The Wirecard fraud thesis - from 2008: https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/ https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/"
X Link 2020-06-19T07:36Z 46.2K followers, [---] engagements
"Bull markets are born on pessimism grown on skepticism mature on optimism and die on euphoria. - John Templeton Happy (almost) New Year Know what you own for 2021"
X Link 2020-12-31T13:48Z 46.2K followers, [--] engagements
"Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about all lined up"
X Link 2021-01-29T14:13Z 46.2K followers, [--] engagements
"By gentlemen short selling we are referring to passive short selling meaning shorting quietly"
X Link 2021-01-29T14:15Z 42.2K followers, [--] engagements
"Being bullish short selling right now is like being a cautious buyer of equities last year in March [----]. You cant time the bottom but its the right posture: We are cautious buyers of equities today. Stay safe and healthy This too will pass We are cautious buyers of equities today. Stay safe and healthy This too will pass"
X Link 2021-01-29T14:17Z 46.2K followers, [--] engagements
"We will be sharing our opinions on a $2 billion market value company today. Stay tuned"
X Link 2021-02-25T14:48Z 46.2K followers, [--] engagements
"Our thoughts on Criteo: We believe the business and the stock $CRTO have room to 🚀🚀🚀 thread"
X Link 2021-02-25T16:06Z 46.2K followers, [--] engagements
"Not a promise but we will consider talking about shorts too. WTF @GothamResearch back from the dead They just walk in fuk shit up walk out and come back every [--] years LOL 👀👀👀 WTF @GothamResearch back from the dead They just walk in fuk shit up walk out and come back every [--] years LOL 👀👀👀"
X Link 2021-02-25T16:23Z 46.2K followers, [--] engagements
"$YALA reminds us of Lets Gowex and Luckin Coffee $LK. We are short $YALA"
X Link 2021-05-19T15:21Z 46.2K followers, [--] engagements
"Does this $YALA make sense We think no. World leading revenue growth and cash flow generation coupled with: A business supposedly based in Africa CFO/auditor in East Asia and investor base in North America Some of you might see a unicorn. We see an ugly duck"
X Link 2021-05-19T15:32Z 46.2K followers, [--] engagements
"Short selling is always dangerous but rarely this dangerous: https://t.co/GH3qbVtlcC https://t.co/GH3qbVtlcC"
X Link 2021-06-24T12:59Z 42.2K followers, [--] engagements
"@QTRResearch Short selling risk factors: Lose money ✅ Lawsuits ✅ Regulatory scrutiny ✅ Targeted Harassment ✅ Physical violence actual death threats ✅"
X Link 2021-06-24T13:03Z 42.2K followers, [--] engagements
"Dan of Gotham City Research will be joining @herbgreenberg Nate of @HindenburgRes and @sharesleuth to discuss short selling later today. For those unfamiliar with Gotham here is our track record (on publicly disclosed short positions): Congrats to @ClarityToast (Nate) on the FT article below. Reminder that Nate will be joining me @sharesleuth @LongShortTrader on a panel regarding activist short-selling moderated by @lopezlinette at FraudFest [--] next week. Details: https://t.co/06I9n9KJdb Congrats to @ClarityToast (Nate) on the FT article below. Reminder that Nate will be joining me"
X Link 2021-06-25T12:41Z 46.2K followers, [--] engagements
"A bull market in single stock short selling began in February of last year (see below). While we believe this trend remains intact with years remaining in it The risk of a countertrend rally seems very high and may begin fairly soon. Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about all lined up. Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about"
X Link 2022-05-06T14:43Z 46.2K followers, [--] engagements
"@WillauerProsky Matt Farrell Your dedication to speaking truth to power was only surpassed by your kindness and the nobility of your character. May we meet once again ❤ Dan"
X Link 2022-10-26T21:46Z 46.2K followers, [--] engagements
"Stony Point slaying victim Matt Farrell @WillauerProsky was author and arts provocateur https://dailyprogress.com/news/stony-point-slaying-victim-was-author-and-arts-provocateur/article_571176f4-5574-11ed-badd-87dc80cd98cb.html https://dailyprogress.com/news/stony-point-slaying-victim-was-author-and-arts-provocateur/article_571176f4-5574-11ed-badd-87dc80cd98cb.html"
X Link 2022-10-27T02:24Z 42.2K followers, [--] engagements
"Testing testing [--] [--] 3"
X Link 2023-06-19T15:07Z 46.2K followers, 19K engagements
"9 years ago we exposed two outliers listed in Europe: Let's Gowex and Quindell plc. Tomorrow we will release a report on a company who we strongly suspect will join the Pantheon of Europe-listed outliers. In the interim feel free to guess this outlier's attributes: Fictitious revenue Fictitious cash none of the above Hidden related party deal Fictitious revenue Fictitious cash none of the above Hidden related party deal"
X Link 2023-06-21T15:37Z 46.2K followers, 111.5K engagements
"SES Imagotag SESL: THE CIRCULAR DANCE WITH A CHINESE TWIRL PART I https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i"
X Link 2023-06-22T06:46Z 46.2K followers, 120.4K engagements
"We are releasing Part II of our SES Imagotag report tomorrow on http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/"
X Link 2023-07-06T15:37Z 46.2K followers, 40.2K engagements
"SES Imagotag: The Fish Rots from the Head Part II read here: https://www.gothamcityresearch.com/post/ses-imagotag-the-fish-rots-from-the-head-part-ii https://www.gothamcityresearch.com/post/ses-imagotag-the-fish-rots-from-the-head-part-ii"
X Link 2023-07-07T06:44Z 46.2K followers, 52.3K engagements
"Gotham City Research Response to the SES Imagotag July [--] Press Release https://www.gothamcityresearch.com/post/response-to-the-ses-imagotag-july-10-press-release https://www.gothamcityresearch.com/post/response-to-the-ses-imagotag-july-10-press-release"
X Link 2023-09-11T06:46Z 46.2K followers, 40.3K engagements
"Grifols SA: Scranton and the Undisclosed Debts for the full report - https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts"
X Link 2024-01-09T06:45Z 46.2K followers, 734.3K engagements
"Both GRF and Scranton Enterprises (a Grifols family vehicle) fully consolidate BPC + Haema. BPC + Haema are very material to both GRF and Scranton's earnings and overall financial statements. We believe this treatment is deceptive and incorrect. Are their creditors aware"
X Link 2024-01-09T06:45Z 46.2K followers, 59.7K engagements
"Scranton [----] filing shows an increase in liabilities of EUR [--] million relating to advance payments from Grifols Worldwide Operations Ltd. This transaction is undisclosed in GRF filings"
X Link 2024-01-09T06:45Z 46.2K followers, 38.2K engagements
"Grifols' recently appointed CEO is being hailed as a change in direction but he has been with Grifols since [----] and on the board when the suspect transactions we describe in our report occurred. We find him heavily conflicted and a Grifols in everything but name"
X Link 2024-01-09T06:55Z 46.2K followers, 33.9K engagements
"GRF shareholders due to minority interests own shares in a loss-making entity that is heavily indebted. We believe GRF manipulates reported debt & EBITDA to artificially reduce leverage to 6x which we believe is closer to 10x-13x. Should we be correct then GRF equity = 0"
X Link 2024-01-09T06:59Z 46.2K followers, 63.5K engagements
"If you are having trouble accessing our Grifols report try this link here: https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts"
X Link 2024-01-09T07:50Z 46.2K followers, 67.2K engagements
"We have many question + observations regarding Grifols. At this moment we will leave you with one question that NO ONE has addressed: Do Grifols' banks and creditors know that Grifols AND Scranton BOTH FULLY CONSOLIDATE Haema and BPC Plasma onto their financial statements"
X Link 2024-01-11T13:03Z 46.2K followers, 130.6K engagements
"Grifols SA: Focus on Related Parties and Corporate Governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance"
X Link 2024-02-20T07:47Z 46.2K followers, 47K engagements
"Grifols: Free cash flow"
X Link 2024-02-29T15:11Z 46.2K followers, 23.6K engagements
"Grifols: We are innocent and Gotham are crooks that is why we are replacing our CEO"
X Link 2024-02-29T15:18Z 46.2K followers, 21.7K engagements
"El expresidente Vctor Grifols deba a Grifols [---] millones que devolvi este mes de enero Former president Vctor Grifols owed Grifols [---] million which he returned this January https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/ https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/"
X Link 2024-03-01T07:57Z 46.2K followers, 65.5K engagements
"From the article (translated): "If investors expected less connection between Grifols and Scranton Enterprises BV the Dutch-based Grifols' holding company that controls 8.1% of Grifols what they have found is more. More cross interests and more financial ties.""
X Link 2024-03-01T08:00Z 46.2K followers, [----] engagements
""Grifols has refused to answer any questions about the origin of this debt in question: neither the date on which it was settled nor the reason for providing such a large amount nor the interest rate nor if there were guarantees for the company.""
X Link 2024-03-01T08:00Z 46.2K followers, 15.7K engagements
"Grifols SA: How an advance payment becomes a loan Part I https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i"
X Link 2024-03-06T07:45Z 46.2K followers, 39.8K engagements
"Grifols SA: The BPC Value Transfer https://www.gothamcityresearch.com/post/grifols-sa-the-bpc-value-transfer-a-k-a-how-an-advance-payment-becomes-a-loan-part-ii https://www.gothamcityresearch.com/post/grifols-sa-the-bpc-value-transfer-a-k-a-how-an-advance-payment-becomes-a-loan-part-ii"
X Link 2024-05-14T06:44Z 46.2K followers, 24.3K engagements
"Which French listed company might 👇 be referring to 🤔 There is a French listed company which last year was accused of round tripping with a major supplier. A major supplier is also a large shareholder in said company 🤷🏼♂. Nine months later and that supplier / shareholder has corrected its inventory and reported its sales at -25% There is a French listed company which last year was accused of round tripping with a major supplier. A major supplier is also a large shareholder in said company 🤷🏼♂. Nine months later and that supplier / shareholder has corrected its inventory and reported its"
X Link 2024-05-24T06:49Z 46.2K followers, 30.7K engagements
"Moodys Ratings decided to withdraw its credit ratings of Grifols related loans because it believes it has insufficient or otherwise inadequate information to support the maintenance of the ratings on Friday July [--] 2024"
X Link 2024-07-15T07:50Z 46.2K followers, 30.7K engagements
"Grifols New Auditor Discovers Non-Cash Accounting Discrepancy"
X Link 2024-07-30T12:01Z 46.2K followers, 23.2K engagements
"Brookfield's takeover bid on Grifols is complicated because it does not trust the accounts of its subsidiary in China La OPA de Brookfield sobre Grifols se complica porque no se fa de las cuentas de su filial en China https://okdiario.com/economia/opa-brookfield-sobre-grifols-complica-porque-no-fian-cuentas-filial-china-13309984 https://okdiario.com/economia/opa-brookfield-sobre-grifols-complica-porque-no-fian-cuentas-filial-china-13309984"
X Link 2024-08-13T07:24Z 46.2K followers, 31.3K engagements
"New report tomorrow. Europe"
X Link 2024-09-25T15:40Z 46.2K followers, 102.9K engagements
"Mutares Research Report link to our report: Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report"
X Link 2024-09-26T06:45Z 46.2K followers, 81.2K engagements
"BROOKFIELD IS WALKING AWAY OVER VALUATION DISAGREEMENT - BBG"
X Link 2024-11-27T08:04Z 46.2K followers, 23.8K engagements
"Why did Brookfield walk away from acquiring Grifols According to Bloomberg news one of the reasons: Brookfield was not getting the information it needed in going over the Grifols books"
X Link 2024-11-28T08:29Z 46.2K followers, 26.8K engagements
"Frauds upon hearing @HindenburgRes is retiring: A Personal Note From Our Founder https://t.co/OOMtimC0gV A Personal Note From Our Founder https://t.co/OOMtimC0gV"
X Link 2025-01-16T00:35Z 46.2K followers, 17.4K engagements
"Tomorrow we will release a report on yet another $10+ billion company. Its accounting and disclosures remind us of Grifols except it's American. At best we believe shares face 60%-75% downside based on our estimates of its value. At worst we believe shares are worthless. Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did. Tomorrow we will release a report on a highly levered"
X Link 2025-03-26T20:01Z 46.2K followers, 127.7K engagements
"Kyndryl (ticker: $KD) Like the old IBM except with an Undisclosed Cost Problem: Part I Link to our our report: https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i"
X Link 2025-03-27T13:15Z 46.2K followers, 60.4K engagements
"Kyndryl (ticker = $KD) A Melting Ice Cube with a Consulting Mirage - Part II https://www.gothamcityresearch.com/post/kyndryl-a-melting-ice-cube-with-a-consulting-miragepart-ii https://www.gothamcityresearch.com/post/kyndryl-a-melting-ice-cube-with-a-consulting-miragepart-ii"
X Link 2025-03-27T14:39Z 46.2K followers, 11K engagements
"Kyndryl and its Deliberately Misleading Statement we explain why we believe $KD is trying to mislead investors Read here: https://www.gothamcityresearch.com/post/kyndryl-and-its-deliberately-misleading-statement https://www.gothamcityresearch.com/post/kyndryl-and-its-deliberately-misleading-statement"
X Link 2025-03-28T13:20Z 46.2K followers, [----] engagements
"Mutares SE & Co. KGaA postpones publication of its audited annual and consolidated financial statements [----] and Annual General Meeting 🤔 Mutares Research Report link to our report: https://t.co/ozscq4J4H0 Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse Mutares Research Report link to our report: https://t.co/ozscq4J4H0 Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse"
X Link 2025-04-29T09:13Z 46.2K followers, 14.5K engagements
"Grifols paid a higher price to buy blood plasma from an entity linked to its controlling family than from third-party suppliers according to a regulators findings submitted in a court case https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter"
X Link 2025-06-24T07:57Z 46.2K followers, [----] engagements
"This is probably not a bad time to reduce risk"
X Link 2025-07-21T20:17Z 46.2K followers, 28.8K engagements
"When some are openly touting how things can only go right - promoting 100x baggers everyday - maybe it isnt a bad idea to think about what can go wrong"
X Link 2025-07-21T20:19Z 46.2K followers, [----] engagements
"We aim to find new 100-baggers every 4-6 months 🤔"
X Link 2025-07-21T20:21Z 46.2K followers, [----] engagements
"Tomorrow we plan on discussing two different companies. In two separate reports. Both are US-listed. Stay tuned"
X Link 2025-07-23T20:01Z 46.2K followers, 27.9K engagements
"Landbridge Holdings $LB: A Related Party Dance with a Circular Shuffle Please visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/"
X Link 2025-07-24T13:29Z 46.2K followers, 34.4K engagements
"We believe $TPL stock is up over 4x since [----] due to forced price insensitive buyers and misplaced confidence in Horizon. $TPL business is inflecting into a lower quality capital intensive business with less growth and lower ROICs. We believe shares will approach $361-$440 per share implying 53%-61% downside vs current price"
X Link 2025-07-24T14:53Z 41.8K followers, [----] engagements
"$TPL stock was up 100x from 2002-2019 tracking its EPS growth which also grew 100x. Amazing but in the rearview. From 2019-2024 EPS only grew 1.4x yet the stock 4.2x. $TPL EPS growth at similar rates to $SPY but stock is up far more vs $SPY since [----]. https://x.com/Arya__Deniz/status/1948398998894641618 https://x.com/Arya__Deniz/status/1948398998894641618"
X Link 2025-07-24T15:13Z 41.8K followers, [----] engagements
"$TPL spent $471 million on acquiring assets in [----] more than in the previous [--] years (2002-2023) - combined (TPL spent $336 million between 2002-2023). TPL is inflecting from capital light to capital intensive. Being dealt a royal flush does not make one a good poker player"
X Link 2025-07-24T15:16Z 41.8K followers, [----] engagements
"We will be releasing a $LB report later this week"
X Link 2025-07-30T13:36Z 46.2K followers, 10.9K engagements
"Germany's Securities Regulator - BaFin - Sees indication Mutares Violated Accounting Standards. We warned September of last year that we see accounting irregularities particularly regarding MUX balance sheet's reported cash position and receivables. It seems BaFin also has concerns about MUX's balance sheet"
X Link 2025-08-01T10:45Z 46.2K followers, [----] engagements
"In our MUX report that we published last September we expressed concerns about MUX's accounting and also expressed our opinion that Mutares SE & Co. KGaA profits are driven by a circular funding scheme. $LB reminds us of MUX. We believe MUX used related/affiliated parties to artificially boost results. We believe $LB used related parties to artificially boost its results. $LB may not be a copy of MUX but it seems to rhyme with MUX for the reasons we explained in our report"
X Link 2025-08-01T10:46Z 46.2K followers, [----] engagements
"next week*. We just received new information and analysis that will clarify some widely believed misconceptions"
X Link 2025-08-01T20:01Z 46.2K followers, [----] engagements
"The $KD results validate what we said in our 2nd KD report: KD is a melting ice cube with a consulting mirage. The so-called "consulting" business is not offsetting organic decline and worse is seeding the businesses' obsolesence from $AMZN $MSFT $GOOGL WE REMAIN SHORT $KD https://x.com/GothamResearch/status/1905268411656962071 https://x.com/GothamResearch/status/1905268411656962071"
X Link 2025-08-05T12:20Z 41.8K followers, [----] engagements
"Landbridge Holdings $LB: Questions for Management and How the Bulls Related Party Math Does Not Add Up full report: https://www.gothamcityresearch.com/post/landbridge-holdings-questions-for-management-and-how-the-bulls-related-party-math-does-not-add-up https://www.gothamcityresearch.com/post/landbridge-holdings-questions-for-management-and-how-the-bulls-related-party-math-does-not-add-up"
X Link 2025-08-06T13:33Z 46.2K followers, [----] engagements
"$KD operating cash flow DECLINED YoY for the [--] months ending in September [----] and Free cash flow remains negative and worse YoY: . @GothamResearch now that $KD posted strongly positive op cash flow positive GAAP and adjusted figures $400M more in buybacks reaffirms $550M FCF this FY (ending [--] months) $1B FCF by FY28 (which starts [--] mo from now): https://t.co/792AGC58nP . @GothamResearch now that $KD posted strongly positive op cash flow positive GAAP and adjusted figures $400M more in buybacks reaffirms $550M FCF this FY (ending [--] months) $1B FCF by FY28 (which starts [--] mo from now):"
X Link 2025-11-05T13:05Z 42.1K followers, 13.1K engagements
"$KD Total revenue declined for the quarter both in reported and constant currency terms:"
X Link 2025-11-05T13:06Z 41.8K followers, [----] engagements
"link to the $IRM report: https://www.gothamcityresearch.com/post/the-dark-side-of-iron-mountain-from-a-melting-ice-cube-to-a-house-on-fire https://www.gothamcityresearch.com/post/the-dark-side-of-iron-mountain-from-a-melting-ice-cube-to-a-house-on-fire"
X Link 2025-11-19T16:35Z 42.2K followers, [----] engagements
"We believe $IRM manipulates adjusted leverage & EBITDA to artificially reduce reported leverage to 5x when we calculate it as 9x"
X Link 2025-11-19T16:38Z 42.2K followers, [----] engagements
"Gotham City Researchs Formal Response to Gowex & Jenaro Garcia Martins Public Confession - http://t.co/gOFBCIQrsm cc: QPP Quindell $EBIX http://gothamcityresearch.com/ http://gothamcityresearch.com/"
X Link 2014-07-07T12:23Z 46.2K followers, [--] engagements
"We've found a company that gets us just as excited as Quindell and Gowex did. We think the shares of this company will go to zero"
X Link 2015-04-28T13:33Z 46.2K followers, [--] engagements
"In "Quindell: A Country Club Built on Quicksand" we claimed 42%-80% of profits suspect. Quindell finally confesses: http://t.co/SvBpz5HEkV http://www.quindell.com/wp-content/downloads/2015/Investor/AR2014.pdf http://www.quindell.com/wp-content/downloads/2015/Investor/AR2014.pdf"
X Link 2015-08-05T11:39Z 46.2K followers, [--] engagements
"Quindell and former #QPP CEO Robert Terry's defamation lawsuit & statements against us were defamatory malicious & untrue. For the record"
X Link 2015-08-05T11:41Z 46.2K followers, [--] engagements
"Regarding Theranos: the last time we saw a company's customers publicly disputing & questioning its relationship with the company was Gowex"
X Link 2015-10-24T17:23Z 46.2K followers, [--] engagements
"We have a few announcements coming in the near future. Stay tuned"
X Link 2016-04-28T15:24Z 46.2K followers, [--] engagements
"We are initiating coverage on a new company tomorrow. Reminds us of Valeant & Quindell before they imploded. We estimate 96+% downside"
X Link 2016-04-28T20:17Z 46.2K followers, [--] engagements
"MDC Partners (ticker = $MDCA): Like Valeant But with Understated Debts - Price target $1.00 per share https://gothamcityresearch.com/2016/04/29/mdc-partners-ticker-mdca-like-valeant-pharmaceuticals-but-with-understated-debts/ https://gothamcityresearch.com/2016/04/29/mdc-partners-ticker-mdca-like-valeant-pharmaceuticals-but-with-understated-debts/"
X Link 2016-04-29T14:02Z 42.2K followers, [--] engagements
"$HAIN down -27% on accounting investigation. $Hain CEO Irwin Simon is a Board Member of $MDCA & member of $MDCA audit committee"
X Link 2016-08-16T14:41Z 46.2K followers, [--] engagements
"Aurelius Equity Opportunities SE & Co KGaA: The Next Arques AG or the next Philip Green https://gothamcityresearch.com/2017/03/28/aurelius-equity-opportunities-se-co-kgaa-the-next-arques-ag-or-the-next-philip-green/ https://gothamcityresearch.com/2017/03/28/aurelius-equity-opportunities-se-co-kgaa-the-next-arques-ag-or-the-next-philip-green/"
X Link 2017-03-28T11:06Z 46.2K followers, [--] engagements
"Gotham City Research is Initiating Coverage on Criteo SA $CRTO : Why Does Criteo Refuse to Reveal to its Clients Where Their Ads Are Placed"
X Link 2017-09-15T15:08Z 46.2K followers, [--] engagements
"Harvard Professor Ben Edelman who has a track record of exposing ad fraud companies warns against Criteo (only available on Bloomberg):"
X Link 2017-09-18T19:11Z 42.2K followers, [--] engagements
"Criteo: The true Fraudster in the Adtech Industry Today We are release our first report on Criteo $CRTO : https://gothamcityresearch.com/2017/09/21/criteo-the-true-fraudster-in-the-adtech-industry/ https://gothamcityresearch.com/2017/09/21/criteo-the-true-fraudster-in-the-adtech-industry/"
X Link 2017-09-21T15:25Z 46.2K followers, [--] engagements
"Why we do what we do.for the fans:"
X Link 2017-09-27T20:09Z 42.2K followers, [--] engagements
"JP Morgan Chase Banks Chief Marketing Officer slams ad tech vendors like Criteo for perpetuating fraud:"
X Link 2017-10-06T19:39Z 46.2K followers, [--] engagements
"We wrote to Apple last week explaining why we believe Criteo's ITP workaround is both dangerous & illegal. Here is Apple's response to us:"
X Link 2017-10-12T17:30Z 46.2K followers, [--] engagements
"On October 12th we wrote a report titled: "Criteo SA (NASDAQ: $CRTO): Why We Believe Criteos Undisclosed Practices are Illegal and Harmful to Advertisers" Reposting for those who did not get a chance to read it (FYI there are more shoes to drop). https://www.gothamcityresearch.com/single-post/2017/10/12/Criteo-SA-NASDAQ-CRTO-Why-We-Believe-Criteo%E2%80%99s-Undisclosed-Practices-are-Illegal-and-Harmful-to-Advertisers https://www.gothamcityresearch.com/single-post/2017/10/12/Criteo-SA-NASDAQ-CRTO-Why-We-Believe-Criteo%E2%80%99s-Undisclosed-Practices-are-Illegal-and-Harmful-to-Advertisers"
X Link 2017-12-14T16:12Z 46.2K followers, [--] engagements
"On September 21st we wrote "Criteo: The true Fraudster in the Adtech Industry" $CRTO stock promoters dismiss us for being wrong about Criteo & ad fraud. If so why did Criteo start offering domain level transparency starting November https://www.gothamcityresearch.com/single-post/2017/09/21/Criteo-The-true-Fraudster-in-the-Adtech-Industry-1 https://www.gothamcityresearch.com/single-post/2017/09/21/Criteo-The-true-Fraudster-in-the-Adtech-Industry-1"
X Link 2017-12-14T16:33Z 46.2K followers, [--] engagements
"Carvana: Bridgecrest and the Undisclosed Transactions and Debts - Last year: both @HindenburgRes and @RealJimChanos lamented at the limited transparency into $CVNA related parties DriveTime and Bridgecrest. - Last week: $CVNA refused to release financial details about DriveTime in a closely watched lawsuit against Carvana and its executives alleging they carried out a fraudulent pump and dump scheme - TODAY: We are releasing the DriveTime [----] Annual Report and the GoFI LLC Annual Report we obtained via Freedom of Information Act request along with our report. for our full report DriveTime's"
X Link 2026-01-28T16:24Z 46.2K followers, 300.2K engagements
"Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did"
X Link 2024-01-08T21:01Z 46.2K followers, 1.4M engagements
"Grifols SA: Scranton and the Undisclosed Debts for the full report - https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts https://www.gothamcityresearch.com/post/grifols-sa-scranton-and-the-undisclosed-debts"
X Link 2024-01-09T06:45Z 46.2K followers, 734.3K engagements
"New report tomorrow. Europe"
X Link 2024-09-25T15:40Z 46.2K followers, 102.9K engagements
"Tomorrow we will release a report on yet another $10+ billion company. Its accounting and disclosures remind us of Grifols except it's American. At best we believe shares face 60%-75% downside based on our estimates of its value. At worst we believe shares are worthless. Tomorrow we will release a report on a highly levered $10+ billion company. Shares listed in Spain. Though the company's maneuvers reminds us more of NMC Health plc than Let's Gowex we believe shares are uninvestable and will head to zero just as Let's Gowex shares did. Tomorrow we will release a report on a highly levered"
X Link 2025-03-26T20:01Z 46.2K followers, 127.7K engagements
"We have many question + observations regarding Grifols. At this moment we will leave you with one question that NO ONE has addressed: Do Grifols' banks and creditors know that Grifols AND Scranton BOTH FULLY CONSOLIDATE Haema and BPC Plasma onto their financial statements"
X Link 2024-01-11T13:03Z 46.2K followers, 130.6K engagements
"El expresidente Vctor Grifols deba a Grifols [---] millones que devolvi este mes de enero Former president Vctor Grifols owed Grifols [---] million which he returned this January https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/ https://www.elconfidencial.com/empresas/2024-03-01/victor-grifols-deuda-grifols_3840512/"
X Link 2024-03-01T07:57Z 46.2K followers, 65.5K engagements
"Mutares Research Report link to our report: Mutares reminds us of Aurelius a company we wrote about in [----] (whose shares are -78% since) except we believe Mutares is worse https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report https://www.gothamcityresearch.com/post/mutares-se-co-kgaa-research-report"
X Link 2024-09-26T06:45Z 46.2K followers, 81.2K engagements
"Tomorrow we plan on discussing two different companies. In two separate reports. Both are US-listed. Stay tuned"
X Link 2025-07-23T20:01Z 46.2K followers, 27.9K engagements
"The Wirecard fraud thesis - from 2008: https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/ https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/"
X Link 2020-06-19T07:36Z 46.2K followers, [---] engagements
"Kyndryl (ticker: $KD) Like the old IBM except with an Undisclosed Cost Problem: Part I Link to our our report: https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i https://www.gothamcityresearch.com/post/kyndryl-like-the-old-ibm-except-with-an-undisclosed-cost-problem-part-i"
X Link 2025-03-27T13:15Z 46.2K followers, 60.4K engagements
"Why did Brookfield walk away from acquiring Grifols According to Bloomberg news one of the reasons: Brookfield was not getting the information it needed in going over the Grifols books"
X Link 2024-11-28T08:29Z 46.2K followers, 26.8K engagements
"Grifols: We are innocent and Gotham are crooks that is why we are replacing our CEO"
X Link 2024-02-29T15:18Z 46.2K followers, 21.7K engagements
"This is probably not a bad time to reduce risk"
X Link 2025-07-21T20:17Z 46.2K followers, 28.8K engagements
"9 years ago we exposed two outliers listed in Europe: Let's Gowex and Quindell plc. Tomorrow we will release a report on a company who we strongly suspect will join the Pantheon of Europe-listed outliers. In the interim feel free to guess this outlier's attributes: Fictitious revenue Fictitious cash none of the above Hidden related party deal Fictitious revenue Fictitious cash none of the above Hidden related party deal"
X Link 2023-06-21T15:37Z 46.2K followers, 111.5K engagements
"Grifols: Free cash flow"
X Link 2024-02-29T15:11Z 46.2K followers, 23.6K engagements
"GRF shareholders due to minority interests own shares in a loss-making entity that is heavily indebted. We believe GRF manipulates reported debt & EBITDA to artificially reduce leverage to 6x which we believe is closer to 10x-13x. Should we be correct then GRF equity = 0"
X Link 2024-01-09T06:59Z 46.2K followers, 63.5K engagements
"Grifols New Auditor Discovers Non-Cash Accounting Discrepancy"
X Link 2024-07-30T12:01Z 46.2K followers, 23.2K engagements
"If you are having trouble accessing our Grifols report try this link here: https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts https://www.scribd.com/document/697614403/Grifols-SA-Scranton-and-the-Undisclosed-Debts"
X Link 2024-01-09T07:50Z 46.2K followers, 67.2K engagements
"Grifols SA: How an advance payment becomes a loan Part I https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i https://www.gothamcityresearch.com/post/grifols-sa-how-an-advance-payment-becomes-a-loan-part-i"
X Link 2024-03-06T07:45Z 46.2K followers, 39.8K engagements
"Landbridge Holdings $LB: A Related Party Dance with a Circular Shuffle Please visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/"
X Link 2025-07-24T13:29Z 46.2K followers, 34.4K engagements
"Short selling is always and everywhere a dangerous proposition: that being said there have been far worse times to get into gentlemen short selling. The ducks have just about all lined up"
X Link 2021-01-29T14:13Z 46.2K followers, [--] engagements
"SES Imagotag SESL: THE CIRCULAR DANCE WITH A CHINESE TWIRL PART I https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i https://www.gothamcityresearch.com/post/ses-imagotag-sesl-the-circular-dance-with-a-chinese-twirl-part-i"
X Link 2023-06-22T06:46Z 46.2K followers, 120.4K engagements
"Frauds upon hearing @HindenburgRes is retiring: A Personal Note From Our Founder https://t.co/OOMtimC0gV A Personal Note From Our Founder https://t.co/OOMtimC0gV"
X Link 2025-01-16T00:35Z 46.2K followers, 17.4K engagements
"A Personal Note From Our Founder https://hindenburgresearch.com/gratitude/ https://hindenburgresearch.com/gratitude/"
X Link 2025-01-15T21:20Z 866.2K followers, 3.5M engagements
"The Truth about $TPL Horizon and the Asset/Liability Mismatch visit our website for the full report: http://www.gothamcityresearch.com/ http://www.gothamcityresearch.com/"
X Link 2025-07-24T14:46Z 46.2K followers, 46.8K engagements
"Dear Burford Capital: Short Sellers are Important Players in Fulfilling Justice Our full statement regarding litigation finance short selling and Burford Capital: $BUR https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6 https://medium.com/@gothamcityresearch/dear-burford-capital-short-sellers-are-important-players-in-fulfilling-justice-4d88d48e6fe6"
X Link 2019-08-11T15:04Z 42.2K followers, [--] engagements
"BROOKFIELD IS WALKING AWAY OVER VALUATION DISAGREEMENT - BBG"
X Link 2024-11-27T08:04Z 46.2K followers, 23.8K engagements
"$YALA reminds us of Lets Gowex and Luckin Coffee $LK. We are short $YALA"
X Link 2021-05-19T15:21Z 46.2K followers, [--] engagements
"Grifols SA: Focus on Related Parties and Corporate Governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance https://www.gothamcityresearch.com/post/grifols-sa-focus-on-related-parties-and-corporate-governance"
X Link 2024-02-20T07:47Z 46.2K followers, 47K engagements
"Short selling is always dangerous but rarely this dangerous: https://t.co/GH3qbVtlcC https://t.co/GH3qbVtlcC"
X Link 2021-06-24T12:59Z 42.2K followers, [--] engagements
"@cablecarcapital The continuing actions of company and the regulators in the Wirecard situation seem so comically absurd that I am inclined to consider the more cartoonish conspiracy theories @cablecarcapital The continuing actions of company and the regulators in the Wirecard situation seem so comically absurd that I am inclined to consider the more cartoonish conspiracy theories"
X Link 2021-06-24T12:46Z [----] followers, [--] engagements
"Grifols paid a higher price to buy blood plasma from an entity linked to its controlling family than from third-party suppliers according to a regulators findings submitted in a court case https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter https://www.bloomberg.com/news/articles/2025-06-23/grifols-case-shows-it-paid-family-linked-entity-more-for-plasmautm_source=website&utm_medium=share&utm_campaign=twitter"
X Link 2025-06-24T07:57Z 46.2K followers, [----] engagements
"We are initiating coverage on a new company tomorrow. Reminds us of Valeant & Quindell before they imploded. We estimate 96+% downside"
X Link 2016-04-28T20:17Z 46.2K followers, [--] engagements
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