# ![@Pelicanwayre Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1895871391121227778.png) @Pelicanwayre Pelican Way Research

Pelican Way Research posts on X about $az, we are, $hovr, $supx the most. They currently have [-----] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.

### Engagements: [------] [#](/creator/twitter::1895871391121227778/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1895871391121227778/c:line/m:interactions.svg)

- [--] Week [---] -59%
- [--] Month [-----] -21%
- [--] Months [------] +223%

### Mentions: [--] [#](/creator/twitter::1895871391121227778/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1895871391121227778/c:line/m:posts_active.svg)

- [--] Week [--] +43%
- [--] Month [--] -25%
- [--] Months [--] +177%

### Followers: [-----] [#](/creator/twitter::1895871391121227778/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1895871391121227778/c:line/m:followers.svg)

- [--] Week [---] +1.70%
- [--] Month [---] +6.30%
- [--] Months [---] +216%

### CreatorRank: [---------] [#](/creator/twitter::1895871391121227778/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1895871391121227778/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  [finance](/list/finance)  [technology brands](/list/technology-brands)  [countries](/list/countries)  [cryptocurrencies](/list/cryptocurrencies)  [automotive brands](/list/automotive-brands)  [social networks](/list/social-networks)  [travel destinations](/list/travel-destinations)  [exchanges](/list/exchanges) 

**Social topic influence**
[$az](/topic/$az), [we are](/topic/we-are), [$hovr](/topic/$hovr), [$supx](/topic/$supx), [$onmd](/topic/$onmd) #7, [company](/topic/company), [money](/topic/money), [ceo](/topic/ceo), [$pltr](/topic/$pltr) #573, [the first](/topic/the-first)

**Top accounts mentioned or mentioned by**
[@stockpromodata](/creator/undefined) [@stockjabber](/creator/undefined) [@sprucepointcap](/creator/undefined) [@activ8insights](/creator/undefined) [@breakoutpoint](/creator/undefined) [@callistores](/creator/undefined) [@ursustrades](/creator/undefined) [@cedarstresearch](/creator/undefined) [@jacobadelman](/creator/undefined) [@apolloresearchc](/creator/undefined) [@muddywatersre](/creator/undefined) [@kakashiii111](/creator/undefined) [@realjimchanos](/creator/undefined) [@capybarashort](/creator/undefined) [@pelicanwayre](/creator/undefined) [@joinyellowbrick](/creator/undefined) [@theshortbear](/creator/undefined) [@hgcmatt](/creator/undefined) [@jcapresearch](/creator/undefined) [@rkcsteeler](/creator/undefined)

**Top assets mentioned**
[OneMedNet Corp (ONMD)](/topic/$onmd) [Palantir Technologies Inc. (PLTR)](/topic/$pltr) [Yala (YALA)](/topic/$yala) [Rumble Inc. Class A Common Stock (RUM)](/topic/$rum) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [D-Wave Quantum Inc. (QBTS)](/topic/$qbts) [Uranium Energy Corp. (UEC)](/topic/$uec) [retard to retired (R/R)](/topic/$rr) [Yalla Group Ltd. (YALA)](/topic/yalla-group) [AppLovin Corporation (APP)](/topic/$app) [Microsoft Corp. (MSFT)](/topic/microsoft) [Faraday Future Intelligent Electric Inc. Common Stock (FFAI)](/topic/$ffai) [Joby Aviation, Inc. (JOBY)](/topic/$joby) [Archer Aviation Inc. (ACHR)](/topic/$achr)
### Top Social Posts
Top posts by engagements in the last [--] hours

"We are short $RUM. Rumble Inc: Heavy on hype light on viewership and earnings. You can view my brief short report here: https://drive.google.com/file/d/1uKFoOLR2stCTgjzd78QCAnCMzYtUtKwA/viewusp=sharing https://drive.google.com/file/d/1uKFoOLR2stCTgjzd78QCAnCMzYtUtKwA/viewusp=sharing"  
[X Link](https://x.com/Pelicanwayre/status/1896569284438176119)  2025-03-03T14:32Z [---] followers, [---] engagements


"@TheShortBear $JD revenue hasnt gone anywhere in [--] years and being based in China leaves it extremely vulnerable to government intervention/takeover if it grows too large and gets on Xis bad side"  
[X Link](https://x.com/Pelicanwayre/status/1898095110165860675)  2025-03-07T19:35Z [--] followers, [---] engagements


"If we were allowed on $RUM 4Q24 here are the questions wed ask:"  
[X Link](https://x.com/Pelicanwayre/status/1904287414983536692)  2025-03-24T21:41Z [--] followers, [---] engagements


"Pelican Way is short $QBTS (D-Wave Quantum Inc.) You can view our full report here: https://www.scribd.com/document/846624818/QBTS-Short-Report-by-Pelican-Way-Research https://www.scribd.com/document/846624818/QBTS-Short-Report-by-Pelican-Way-Research"  
[X Link](https://x.com/Pelicanwayre/status/1909237391904088212)  2025-04-07T13:30Z [--] followers, [----] engagements


"1/8: QBTS has burned cash for [--] years with no clear path to profitability"  
[X Link](https://x.com/Pelicanwayre/status/1909237393384788304)  2025-04-07T13:30Z [--] followers, [--] engagements


"2/8: QBTS is a cash poor cash flow negative minnow competing with the R&D budgets of deep-pocketed mega-cap tech companies like Microsoft and Google"  
[X Link](https://x.com/Pelicanwayre/status/1909237394752106767)  2025-04-07T13:30Z [--] followers, [--] engagements


"3/8: Quantum Computing is likely decades away from commercialization"  
[X Link](https://x.com/Pelicanwayre/status/1909237396220129714)  2025-04-07T13:30Z [--] followers, [--] engagements


"4/8: QBTS is the only public company pursuing quantum annealers a tech widely believed to be inferior to gate-based quantum computing"  
[X Link](https://x.com/Pelicanwayre/status/1909237397641912433)  2025-04-07T13:30Z [--] followers, [--] engagements


"5/8: We believe quantum annealers are unlikely to beat gate-based quantum computers to market"  
[X Link](https://x.com/Pelicanwayre/status/1909237399038668978)  2025-04-07T13:30Z [--] followers, [--] engagements


"6/8: QBTSs revenues remain minimal and a fraction of [----] SPAC IPO projections. (2024 revenue was 87% below SPAC deck forecast; [----] consensus is 89% below forecast.)"  
[X Link](https://x.com/Pelicanwayre/status/1909237401194463522)  2025-04-07T13:30Z [--] followers, [--] engagements


"7/8: QBTS has been funding itself via dilutive share offerings. Share count has doubled since SPAC. Dilution is likely to continue as far as the eye can see"  
[X Link](https://x.com/Pelicanwayre/status/1909237402826158559)  2025-04-07T13:30Z [--] followers, [---] engagements


"8/8: QBTSs recent quantum supremacy announcement appears overhyped and not commercially meaningful. We believe it presents a good entry point for a short position"  
[X Link](https://x.com/Pelicanwayre/status/1909237404310905001)  2025-04-07T13:30Z [--] followers, [---] engagements


"2/18: We tracked their website(s) data to see if it could make up for any of the $283mm discrepancy. We found that there were under 260k visits in [----] (710 visits per day) and found no evidence of any money being spent"  
[X Link](https://x.com/Pelicanwayre/status/1929533631967514705)  2025-06-02T13:40Z [---] followers, [---] engagements


"11/18: We scraped [---] recent reviews on Yallas Google Play page: 45% looked suspicious and 37% were exact repeats of each other. Thats far higher than legit social apps and suggests potential review manipulation"  
[X Link](https://x.com/Pelicanwayre/status/1929533650489442713)  2025-06-02T13:40Z [---] followers, [--] engagements


"12/18: We checked in the app and found that all top rooms in major regions and 20-140 active participants a far cry from what Yalla presents itself as"  
[X Link](https://x.com/Pelicanwayre/status/1929533652691468328)  2025-06-02T13:40Z [---] followers, [--] engagements


"15/18: Yallas paying users are in steady decline down from 13.5M to 12.0M YoY in 1H [----]. Yet in Q3 and Q4 the company buried these figures deep in press releases skipping them in calls and slides. MAUs may be rising but the users who actually pay are disappearing"  
[X Link](https://x.com/Pelicanwayre/status/1929533658546704472)  2025-06-02T13:40Z [---] followers, [--] engagements


"16/18: Employee reviews on Yalla are damning. One wrote Do not be fooled by the numbers of users they have; they are ripping off their users and their employees. Others added it is not very big in UAE. This a far cry from Yallas public image"  
[X Link](https://x.com/Pelicanwayre/status/1929533660501319991)  2025-06-02T13:40Z [---] followers, [--] engagements


"We are sharing an open letter to shareholders of $QBTS (D-Wave Quantum) outlining how recent research papers have cast doubt on D-Wave's claims of a quantum "breakthrough" coupled with a continued pattern of equity dilution immediately following press release "victories". You can read the letter on our website: http://www.pelicanway-research.com http://www.pelicanway-research.com"  
[X Link](https://x.com/Pelicanwayre/status/1946167329059901743)  2025-07-18T11:17Z [---] followers, [----] engagements


"CC: @StockJabber @BreakoutPoint"  
[X Link](https://x.com/Pelicanwayre/status/1946167331236745297)  2025-07-18T11:17Z [---] followers, [---] engagements


"@callistores @HgcMatt Our view is that tethers investment in rum is best looked at as 1-time tether DC lobbying spend rather than interest in the asset"  
[X Link](https://x.com/Pelicanwayre/status/1956006398157816069)  2025-08-14T14:54Z [---] followers, [---] engagements


"When we published on $RUM earlier this year we mentioned Tethers investment in them. We believe that the investment was a lobbying play in an effort by tether to grab power over a media company. @callistores has highlighted many red flags at tether which in our opinion are credible if Rumble wants to do whats best for shareholders we believe they should distance themselves from Tether entirely . 🧵1/2: Generational Grift Crossover: Tether x USAID In [----] Tether CEO Paolo Ardoino became a director of Jaza Energy a Canadian Africa-focused battery company. Jaza has received assistance from"  
[X Link](https://x.com/Pelicanwayre/status/1956313515871883617)  2025-08-15T11:14Z [---] followers, [----] engagements


"1/9: We believe $SUPX is a textbook China Hustle: Their stock has been ripping after announcing new servers we found that these were logo-swapped products we also found multiple undisclosed related-party deals and a CEO with a history of regulatory trouble. Full report on our website. Shoutout to @JCap_Research for getting to this before us"  
[X Link](https://x.com/Pelicanwayre/status/1965050091544150062)  2025-09-08T13:50Z [---] followers, [----] engagements


"4/9: $SUPX had also claimed that PanaAI had NVIDIA partner status; the NVIDIA partner search also came up empty for PanaAI"  
[X Link](https://x.com/Pelicanwayre/status/1965050098636976225)  2025-09-08T13:50Z [---] followers, [--] engagements


"5/9: We believe $SUPXs acquisition of Mindenergy AI (Now SUPERX Industries) in [----] was another undisclosed related party transaction. Singaporean entity filings revealed that Mindenergy shared directors Zheng Jiamei and Guan Xinxin with PanaAI the same partner that had already received $3m for the AI superfactory. We believe this deal was just another way for insiders to funnel money out of the company"  
[X Link](https://x.com/Pelicanwayre/status/1965050101480509490)  2025-09-08T13:50Z [---] followers, [--] engagements


"6/9: We believe $SUPX is passing off third-party hardware as its own. The companys servers appear identical to products from actual NVIDIA OEM partner Nationgate with descriptions copied nearly word-for-word. On Aug [--] [----] $SUPX even announced a Workstation that looks to be just a rebranded Phanteks Enthoo tower"  
[X Link](https://x.com/Pelicanwayre/status/1965050103741218996)  2025-09-08T13:50Z [---] followers, [--] engagements


"7/9: The $SUPX AI pivot was led by CEO Ho Wai Howard Tang. Tang previously ran Ample Capital which was fined $5.5m by Hong Kong financial regulators in 2016-2017 for failing to conduct adequate due diligence and Tang was suspended for [--] months. These facts were conveniently omitted from his $SUPX biography Howard has since been fired and has not been replaced. We also found that $SUPX CFO Hing Wah Raymond Tong overlapped with Tang at Ample where he served as VP of Transaction Risk Management"  
[X Link](https://x.com/Pelicanwayre/status/1965050105800618013)  2025-09-08T13:50Z [---] followers, [--] engagements


"8/9: $SUPX appears to be jumping from one shady auditor to another. SUPX has had three auditors in the last [--] years. The most recent auditor (KD & Co - HK-based hired this year) only registered with the PCAOB in [----]. SUPXs prior auditor (CT International - hired [----] fired 2025) had registered with the PCAOB in [----]. CT International operates out of a strip mall in San Francisco where it is sandwiched between a massage parlor and a hair salon. Enough Said"  
[X Link](https://x.com/Pelicanwayre/status/1965050107683840117)  2025-09-08T13:50Z [---] followers, [--] engagements


"9/9: We believe $SUPX is a classic China Hustle: misleading press releases multiple undisclosed related party transactions a chairman/CEO who was sanctioned by regulators and a weak auditor. We don't see any reason why $SUPX should be listed on the Nasdaq and believe it likely won't be in the near future"  
[X Link](https://x.com/Pelicanwayre/status/1965050109680337311)  2025-09-08T13:50Z [---] followers, [---] engagements


"We agree with the report on $FFAI very odd reaction from the stock that is probably not justified. Absolutely worth a read. We are short $FFAI because we think YT Jia (founder and CEO) has based its latest pump on fake orders a rebadged Chinese minivan and a tsunami of lies meant to induce retail to buy right before a massive flood of new shares are authorized. Between dilution YTs legal problems https://t.co/3Coo9NgBnw We are short $FFAI because we think YT Jia (founder and CEO) has based its latest pump on fake orders a rebadged Chinese minivan and a tsunami of lies meant to induce retail"  
[X Link](https://x.com/Pelicanwayre/status/1966138536882745700)  2025-09-11T13:55Z [---] followers, [----] engagements


"@StockJabber @StockPromoData @sprucepointcap Management also seems to have come from $UEC as well so the promotion is not surprising my assumption is they decided to run the grift back"  
[X Link](https://x.com/Pelicanwayre/status/1998794765245026321)  2025-12-10T16:39Z [---] followers, [---] engagements


"1/x Round [--] of this because the first post bugged out on us Recap: not a short report we are short some shares but there will be no formal writeup: On October [--] [----] OneMedNet Corp. ($ONMD) issued a press release announcing a relationship with Palantir Technologies ($PLTR) which coincided with a sharp surge in $ONMDs share price. The announcement framed the relationship as a strategic collaboration designed to revolutionize our ability to deliver high-quality regulatory-compliant data at remarkable speed. This positions us to power breakthroughs in clinical research and AI-driven healthcare"  
[X Link](https://x.com/anyuser/status/2010775175986290745)  2026-01-12T18:05Z [---] followers, [----] engagements


"1/18: In Yallas [----] reported revenue they stated $339mm; however we tracked their app revenues through third-party data and found only $56mm in revenue"  
[X Link](https://x.com/Pelicanwayre/status/1929533629924876307)  2025-06-02T13:40Z [---] followers, [---] engagements


"@rkcsteeler @Lycanbull $SUPX is ripping off yet another product; this time they didn't even bother trying to hide it"  
[X Link](https://x.com/Pelicanwayre/status/1974095824981520614)  2025-10-03T12:54Z [---] followers, [---] engagements


"@StockJabber @SECGov Lets add $SUPX to that list good to see the SEC taking some action"  
[X Link](https://x.com/Pelicanwayre/status/1975224518877802526)  2025-10-06T15:39Z [---] followers, [---] engagements


"1/7: We Are Short. $HOVR (New Horizon Aircraft) which we believe is a prospectless eVTOL company scraping by on endless dilution and ran out of a tiny Building In a small rural airport and a home that public data indicates is occupied by the CEOs wife with an auditor being sued for gross negligence relating to a Ponzi/fraud case. You can view on our website: http://www.pelicanway-research.com http://www.pelicanway-research.com"  
[X Link](https://x.com/Pelicanwayre/status/1988981236803518687)  2025-11-13T14:44Z [---] followers, 16K engagements


"2/7: $HOVR operates out of a minuscule building at an airport in Canada so small we wonder whether it can realistically fit a full-size eVTOL. $HOVRs other listed address on its website is just a small house in Ohio which according to public sources the CEOs wife occupies (and presumably the CEO does as well); In an interview the CEO appeared taken off guard by a question about it and said they are thinking about expanding to Ohio then closed with "no one should look into it.""  
[X Link](https://x.com/Pelicanwayre/status/1988981239236182220)  2025-11-13T14:44Z [---] followers, [----] engagements


"3/7: We spoke to waitresses at the airport restaurant who apparently had never seen $HOVR flying or leaving the hangar because they didnt actually know what $HOVR did; one even thought they did repairs and decals. On the other hand the airport manager knew what was happening and told us that $HOVR was still in the design phase with only a small-scale model to work with; he called it only an experimental thing theyre doing right now"  
[X Link](https://x.com/Pelicanwayre/status/1988981241115185587)  2025-11-13T14:44Z [---] followers, [---] engagements


"4/7: $HOVR is reliant on extreme dilution that allows management to continue playing with their toy eVTOls. They managed to dilute the [----] shareholders by 236% with insiders dumping millions of dollars in stock. Even worse management appears to be dumping their own stock before turning on the dilution banking millions before gutting shareholders. We believe that $HOVR will be a bottomless pit of dilution and shareholder money and will continue to pump out misleading press releases to issue more shares. They filed a prospectus on 10/31 to do just that"  
[X Link](https://x.com/Pelicanwayre/status/1988981243195580858)  2025-11-13T14:44Z [---] followers, [---] engagements


"5/7: When $HOVRs facilities are compared to peers like $JOBY and $ACHR they look laughable with their main facility likely to be able to fit inside one of ACHRs many times over. Even if we exclude the facilities $HOVRs R&D spend is so minimal at its current rate it would take $HOVR [--] years to spend as much as $JOBY spent just in FY24"  
[X Link](https://x.com/Pelicanwayre/status/1988981245540278435)  2025-11-13T14:44Z [---] followers, [----] engagements


"6/7: $HOVR managed to botch its accounting so badly that it had to restate immediately after going public eliminating nearly all of its supposed development assets because the tech wasnt far enough along to qualify. After this embarrassing development management decided to swap in a new auditor. We think they are scraping the bottom of the barrel by hiring MNP; they were just sued for gross negligence tied to a fraud/ponzi scheme case"  
[X Link](https://x.com/Pelicanwayre/status/1988981247482216868)  2025-11-13T14:44Z [---] followers, [---] engagements


"7/7: We believe $HOVR never should have gone public in the first place: by the companys own filings insiders would have lost their investment if the SPAC failed to close. We think this management team is out for itself and will gladly take money from anyone dumb enough to invest so they can cash in and pay for their toys. We are short and believe shares are headed materially lower. You can view the full report on our website"  
[X Link](https://x.com/Pelicanwayre/status/1988981249440956505)  2025-11-13T14:44Z [---] followers, [----] engagements


"@jacobadelman @StockJabber @Seawolfcap @ursustrades @maninapurpledr1 @ApolloResearchC @muddywatersre @WolfpackReports @DonutShorts @BreakoutPoint @kakashiii111 @Activ8Insights @CedarStResearch @RealJimChanos @sprucepointcap"  
[X Link](https://x.com/Pelicanwayre/status/1988981520519032881)  2025-11-13T14:45Z [---] followers, [---] engagements


"@ericmass_ https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/productivity-media/receivership-proceedings/litigation/statement-of-claim-filed-against-mnp-llp-dated-may-23-2025.pdfsfvrsn=e3f34fdc_1 https://www.ksvadvisory.com/docs/default-source/insolvency-case-documents/productivity-media/receivership-proceedings/litigation/statement-of-claim-filed-against-mnp-llp-dated-may-23-2025.pdfsfvrsn=e3f34fdc_1"  
[X Link](https://x.com/Pelicanwayre/status/1989116666668806339)  2025-11-13T23:42Z [---] followers, [--] engagements


"Much like $HOVR $QBTS management is treating shareholders like suckers; the added twist is that unlike $HOVR management they dont even seem to believe the tech theyre promoting. In our opinion neither of these companies should be public. (We are still short shares of D-Wave). $QBTS lmao - Alan went on JeffCo today to pump his stock while he was simultaneously dumping the last of what he owned https://t.co/h7CqWUUsB1 $QBTS lmao - Alan went on JeffCo today to pump his stock while he was simultaneously dumping the last of what he owned https://t.co/h7CqWUUsB1"  
[X Link](https://x.com/Pelicanwayre/status/1989346689249837525)  2025-11-14T14:56Z [---] followers, [----] engagements


"1/4: The YouTube channel that interviewed the CEO of $HOVR decided to attempt a rebuttal of our report. We watched the video and found it laughably filled with inaccuracies and omissions of certain sections of our report. They ask for our human analysis. Well heres an unedited line: New Horizon is by far one of the Worst and one of the most prospectless companies I have seen in my career. The executives continue to try and screw shareholders by taking massive compensation packages bordering on absurd. They are selling shareholders dreams that in our opinion are blatantly misrepresented; they"  
[X Link](https://x.com/Pelicanwayre/status/1990789769119269146)  2025-11-18T14:30Z [---] followers, [----] engagements


"4/4: At the end of the day investors have a simple choice: they can take management at its word as it bloviates about accomplishing feats no one in the industry has ever achieved somehow from a glorified shed in rural Canada or they can look at what management is actually doing. And what theyre doing is every time the window cracks open they're selling stock. Weve always found actions to be far more honest than press releases. We remain short $HOVR"  
[X Link](https://x.com/Pelicanwayre/status/1990789935910076448)  2025-11-18T14:31Z [---] followers, [---] engagements


"$HOVR is down 20% since our report last week we are not surprised when you look at the facts presented the stock never deserved such a price in our view there is still a long way down"  
[X Link](https://x.com/Pelicanwayre/status/1990794244026732920)  2025-11-18T14:48Z [---] followers, [---] engagements


"Its taken far too long for $SUPX to head down this was a blatant China hustle with rampant insider enrichment and undisclosed related party transactions. This stock will likely be delisted eventually we remain short. 1/9: We believe $SUPX is a textbook China Hustle: Their stock has been ripping after announcing new servers we found that these were logo-swapped products we also found multiple undisclosed related-party deals and a CEO with a history of regulatory trouble. Full report on https://t.co/vJWpwGMxtx 1/9: We believe $SUPX is a textbook China Hustle: Their stock has been ripping after"  
[X Link](https://x.com/Pelicanwayre/status/1991881856409596412)  2025-11-21T14:50Z [---] followers, [----] engagements


"Oh look one of the shadiest entities in the planet acquired a minor amount of $RUM which as weve said before has ruined their TAM relies on promotional tendencies to boost the stock and has been a tremendous alpha generator for shorts we remain short $RUM. $RUM TETHER ACQUIRES $7.2 million dollars worth of share at open market. (0.01 par) https://t.co/jttjoiYvMO $RUM TETHER ACQUIRES $7.2 million dollars worth of share at open market. (0.01 par) https://t.co/jttjoiYvMO"  
[X Link](https://x.com/Pelicanwayre/status/1992973971071828064)  2025-11-24T15:09Z [---] followers, [----] engagements


"@callistores thoughts"  
[X Link](https://x.com/Pelicanwayre/status/1992974070028111879)  2025-11-24T15:10Z [---] followers, [---] engagements


"For those who are unaware of how @CapybaraShort reports usually end up $RR is down 20% since"  
[X Link](https://x.com/Pelicanwayre/status/1993369675963809823)  2025-11-25T17:22Z [---] followers, [---] engagements


"@CapybaraShort Brief disclosure we have no position in $NUTX yet but we are short $RR"  
[X Link](https://x.com/Pelicanwayre/status/1993370827887145004)  2025-11-25T17:26Z [---] followers, [---] engagements


"Soon we will be releasing a report on a company we believe has seriously misled investors with seemingly phantom orders falsehoods and crucial omissions about deals. All while seemingly failing to deliver on all fronts. You can sign up for our distribution list on our website in our bio"  
[X Link](https://x.com/Pelicanwayre/status/1995493088228196803)  2025-12-01T14:00Z [---] followers, 12.6K engagements


"1/6: We Are Short $AZ (A2Z Cust2Mate) which we believe is a collapsing smart cart mirage built on phantom orders undelivered deals and a team of penny stock has-beens. Despite claiming approximately $500mm in orders including a newly announced 3000-cart order on November 25th from the Israeli chain Super-Sapir the company has also touted an order from a cybersecurity firm with just $9200 in assets. We believe Cust2Mate has shipped only a small fraction of those carts. We calculate their claimed orders were 42x higher than the implied deliveries of carts. You can view the full report at"  
[X Link](https://x.com/anyuser/status/1995871209112621100)  2025-12-02T15:02Z [---] followers, 10.2K engagements


"2/6: $AZ's client list appears bolstered with middlemen and bizarre customers. Hex [----] one of $AZ's earlier clients purportedly ordered approximately [-----] carts worth roughly $160mm. However their website identifies them as a cybersecurity firm based in Thailand with no mention of $AZ in their partner section. Thailand DBD filings reveal the company has just $9200 in assets nowhere near enough to support an order of that magnitude"  
[X Link](https://x.com/Pelicanwayre/status/1995871211662742001)  2025-12-02T15:02Z [---] followers, [---] engagements


"3/6: The rest of the clients are not much better with $AZ claiming they entered a $25mm [----] cart deal with Trixo Group to enter LATAM. No retailers were named; Trixo is just a point-of-sale company a glorified middleman. Morton Williams is an NYC grocery chain had ordered a few hundred carts. We called and visited Morton Williams locations across NYC and only the West End location had any which was their test site. The failures to deliver dont just stop in LATAM and the US. In France $AZ announced a [-----] cart deal via IR2S. Why would their latest order for [----] carts be any different"  
[X Link](https://x.com/Pelicanwayre/status/1995871213902573857)  2025-12-02T15:02Z [---] followers, [---] engagements


"4/6: Despite $AZ claiming approximately [-----] carts in orders beyond Yochananof we believe $AZ has delivered only [--] of them. Yochananof's 1300-cart order appears fully delivered according to their FY24 report at roughly $8300 per cart accounting for approximately $10.8mm of the $11.1mm in total smart cart revenue since [----]. But they have even disappointed their biggest customer the purported follow-up order of [----] carts from Yochananof does not appear to have been fulfilled"  
[X Link](https://x.com/Pelicanwayre/status/1995871216716972339)  2025-12-02T15:02Z [---] followers, [---] engagements


"5/6: $AZs management is a revolving door of penny stock alumni. Chairman and former CEO Joseph Bentsur was formerly president of the failed Inrob Tech which was delisted and four hedge funds associated with the company along with the general counsel have reportedly had major run-ins ins the SEC. Bentsur maintains at least three separate LinkedIn accounts we could find each with its own separate telling of his career with one even claiming that $AZ was sold to an arm of Disney"  
[X Link](https://x.com/Pelicanwayre/status/1995871219065696495)  2025-12-02T15:02Z [---] followers, [---] engagements


"@ursustrades @BollwerkAI @ParrotCapital @kakashiii111 @WolfpackReports @CedarStResearch @Activ8Insights @jacobadelman @QTRResearch @NateHindenburg @blalpert @Mike_Taylor1972 @RealJimChanos @muddywatersre"  
[X Link](https://x.com/Pelicanwayre/status/1995871223784579138)  2025-12-02T15:02Z [---] followers, [---] engagements


"@CedarStResearch @jpmorgan $IBKR is where its at"  
[X Link](https://x.com/Pelicanwayre/status/1995888238486303110)  2025-12-02T16:10Z [---] followers, [---] engagements


"1/3: Since releasing our report on $AZ on Tuesday management has offered no response whatsoever instead choosing to promote what we believe is yet another unlikely-to-be-filled order this time involving an unnamed Central American retailer with [--] locations but with an initial deployment of smart carts to just a few flagship stores"  
[X Link](https://x.com/Pelicanwayre/status/1996591333943701759)  2025-12-04T14:44Z [---] followers, [----] engagements


"2/3: $AZ's reaction to being called out for phantom and failed orders is predictably to announce another order. But who cares about orders anymore Given their track record the only thing that matters is revenue. The filings still show a fraction of the revenue that should exist if all the orders were being delivered"  
[X Link](https://x.com/Pelicanwayre/status/1996591335592136771)  2025-12-04T14:44Z [---] followers, [---] engagements


"3/3: Announcing another minuscule unnamed order is not a serious rebuttal; it looks like a silly attempt to keep the stock afloat. Until $AZ can show us where the money from the orders is we believe our thesis holds weight. We remain short $AZ"  
[X Link](https://x.com/Pelicanwayre/status/1996591337672495410)  2025-12-04T14:44Z [---] followers, [---] engagements


"1/3 Since releasing our report on $YALA in May where we outlined what we believe to be significant revenue overstatements the company has continued what we think is a blatant exaggeration of its business performance. In its latest quarterly filing $YALA claims roughly $258mm in revenue for the nine months ended September 30th while our calculations using third-party data and annualized still place them at $40mm over the last twelve months which is 84% lower at minimum. https://twitter.com/i/web/status/1998041173655495072 https://twitter.com/i/web/status/1998041173655495072"  
[X Link](https://x.com/anyuser/status/1998041173655495072)  2025-12-08T14:45Z [---] followers, [----] engagements


"2/3: $YALAs operational reality continues to tell the same story. Our periodic checks of their voice chat app show most rooms with fewer than [--] users. The fake review issue we highlighted has also persisted; in our latest review sweep on Google Play we still found at least 52% of the Play Store reviews showed hallmark signs of being fabricated"  
[X Link](https://x.com/anyuser/status/1998041175027044773)  2025-12-08T14:45Z [---] followers, [---] engagements


"3/3: None of this reflects a healthy or scaling platform. Until $YALA can reconcile the vast discrepancy between claimed revenue and observed platform activity along with the numerous other issues we outlined in our report which we believe are still relevant we believe our thesis stands stronger than ever. We remain short $YALA. The original report is available on our website in our bio"  
[X Link](https://x.com/anyuser/status/1998041177111634057)  2025-12-08T14:45Z [---] followers, [---] engagements


"It appears that $AZ is trying to quietly rebut our report by releasing a PR through TechMediaBreaks a brand of Investor Brand Network which $AZ pays approximately $240k per year for promotion (per @StockPromoData). The headline teases real revenue directly addressing the exact issue we raised which remains glaring: where is the money It certainly isnt showing up at $AZ in their most recent filings"  
[X Link](https://x.com/anyuser/status/2000982864934928648)  2025-12-16T17:34Z [---] followers, [----] engagements


"We were on $AZs call today. When we asked management to reconcile their deployment narrative with actual cash collections and revenue their response was to kick us off. In our opinion you should not be running a public company or any company for that matter if you cannot answer basic questions about where the money is. Getting butthurt and silencing critics reflects incredibly poorly"  
[X Link](https://x.com/Pelicanwayre/status/2000982867174707252)  2025-12-16T17:34Z [---] followers, [---] engagements


"Throughout the rest of the call $AZ management claimed to have more than [-----] carts in orders. Great that's all well and good; now show us where the $100mm+ in revenue is. They also talked about potentially reaching a staggering [------] carts in the future which would imply roughly $800mm in revenue. We are astonished they would even make this claim and see no credible path for it to happen; we view this as an insult to shareholders"  
[X Link](https://x.com/anyuser/status/2000982868818825495)  2025-12-16T17:34Z [---] followers, [---] engagements


"Now that $AZ has effectively made itself a laughingstock in the industry and is already down 20% since our report earlier this month $AZ has doubled down on the same playbook: announcing massive deals with counterparties that per their own filings appear unable to pay or never receive the carts. $AZ made the laughable decision to attempt a rebuttal of our report by announcing yet another "deal". We remain short shares of $AZ. You can view the original report on our website in our bio"  
[X Link](https://x.com/anyuser/status/2000982870408450274)  2025-12-16T17:34Z [---] followers, [---] engagements


"4/x: Governance concerns are more acute with respect to the Chief Financial Officer appointment. $ONMD announced the permanent appointment of Robert Golden as CFO in January [----] following an interim period that began in August [----]. According to publicly available information Mr. Golden appears to maintain simultaneous employment with his prior CPA firm while serving as $ONMD CFO. We find no clear indication that this dual role was fully disclosed to investors in the Companys [----] communications. https://twitter.com/i/web/status/2010775182022230158"  
[X Link](https://x.com/Pelicanwayre/status/2010775182022230158)  2026-01-12T18:05Z [---] followers, [---] engagements


"5/x: Public records show that $ONMDs listed principal place of business does not appear to be a bona fide operating headquarters. The exact address disclosed in ONMDs filings [----] Old Shady Oak Road Suite [---] is currently as a REGUS office for anyone to use"  
[X Link](https://x.com/Pelicanwayre/status/2010775184761131304)  2026-01-12T18:05Z [---] followers, [---] engagements


"$ONMDs auditor history presents another glaring governance red flag. The Companys former auditor BF Borgers was permanently barred by the SEC for massive fraud impacting more than [----] public filings. Regulators cited deliberate and systemic failures to comply with PCAOB standards and the firm ultimately paid millions of dollars in penalties. Rather than meaningfully improving audit quality $ONMD replaced BF Borgers with WithumSmith + Brown PC an accounting firm that was itself recently censured by the PCAOB and fined $2mm for widespread quality control failures. As part of the enforcement"  
[X Link](https://x.com/Pelicanwayre/status/2010775186912461218)  2026-01-12T18:05Z [---] followers, [---] engagements


"Finally the stock promotion tracker indicates that $ONMD has spent thousands of dollars on paid promotional activity. In our view the combination of aggressive promotion exaggerated press releases governance red flags and speculative treasury decisions paints a troubling picture of a company that appears more focused on narrative management than on building a durable and transparent business. We are short a small amount of shares in $ONMD https://twitter.com/i/web/status/2010775188795781418 https://twitter.com/i/web/status/2010775188795781418"  
[X Link](https://x.com/anyuser/status/2010775188795781418)  2026-01-12T18:05Z [---] followers, [---] engagements


"I just read thought the report you can literally feel the disdain toward $NUTX from the formers and experts Im unsure how any holder can read this and remain long the stock. $NUTX ownership is dominated by insiders and company physicians. Some didn't know $NUTX was dirty while many others were complicit because they traded ER ownership for $NUTX shares and were greedy. The smart ones will sell quickly before this collapses. https://t.co/YKvIKyAxtS $NUTX ownership is dominated by insiders and company physicians. Some didn't know $NUTX was dirty while many others were complicit because they"  
[X Link](https://x.com/Pelicanwayre/status/1993368629396881495)  2025-11-25T17:18Z [---] followers, [----] engagements


"@PugCap $SCLX seems far more tied into $DVLT than I initially realized I have not done further work but some very shady entities moving around there and I dont say that lightly. Disclosure; ZERO position"  
[X Link](https://x.com/Pelicanwayre/status/2006443872243823013)  2025-12-31T19:14Z [---] followers, [---] engagements


"We will be releasing our next report on Monday we believe this company has a massive disconnect between reported numbers and observable reality. We belive investors deserve an explanation"  
[X Link](https://x.com/Pelicanwayre/status/1928559065375936648)  2025-05-30T21:08Z [---] followers, [----] engagements


"Pelican Way is short shares of $YALA (Yalla Group) You can view our report on our website under latest reports: http://www.pelicanway-research.com http://www.pelicanway-research.com"  
[X Link](https://x.com/Pelicanwayre/status/1929533627945058808)  2025-06-02T13:40Z [---] followers, [----] engagements


"17/18: Yalla claims to lead MENA social media but it doesnt crack the top [--] apps in key markets. Meta and WhatsApp dominate users arent picking Yalla. Its pivot to gaming looks like a last-ditch effort to stay relevant but the growth still isnt there"  
[X Link](https://x.com/Pelicanwayre/status/1929533662413873177)  2025-06-02T13:40Z [---] followers, [---] engagements


"18/18: Our analysis of Yalla Group highlights significant gaps between disclosed performance metrics and independent estimates. We are short and believe investors should review the underlying data. Full report and disclaimer available at our website"  
[X Link](https://x.com/Pelicanwayre/status/1929533664322359723)  2025-06-02T13:40Z [---] followers, [---] engagements


"@StockJabber @StockPromoData Seems like $GLDG a disciple of the $UEC Promotion @sprucepointcap reported on earlier this year FYI I threw this together in about an hour so definitely did not find everything they share an address with $UEC and what looks to be a few other places"  
[X Link](https://x.com/Pelicanwayre/status/1998794498424582271)  2025-12-10T16:38Z [---] followers, [---] engagements


"@StockJabber @StockPromoData @sprucepointcap Finally here's an odd disclosure re: possible conflicts of interest. Disclosure: we hold no position in $GLDG"  
[X Link](https://x.com/Pelicanwayre/status/1998794979506848227)  2025-12-10T16:40Z [---] followers, [---] engagements


"2/x: Upon closer review however we found that the substance of the announcement appears far less consequential than the market reaction suggested. Based on the Companys own disclosures $ONMD merely agreed to use $PLTR software as a customer. There is no indication that $PLTR is acting as a partner reseller or co-developer nor that Palantir has made any commercial or strategic commitment to $ONMD beyond providing software https://twitter.com/i/web/status/2010775177869639978 https://twitter.com/i/web/status/2010775177869639978"  
[X Link](https://x.com/Pelicanwayre/status/2010775177869639978)  2026-01-12T18:05Z [---] followers, [---] engagements


"3/x: Additional concerns emerge when reviewing OneMedNets management structure. Public professional records indicate that the Companys CEO works remotely and is based in Canada. While remote work is not inherently problematic we note the limited transparency around executive presence and operational oversight at a company of $ONMD size particularly given its apparent operational fragility and financial distress. https://twitter.com/i/web/status/2010775179895468165 https://twitter.com/i/web/status/2010775179895468165"  
[X Link](https://x.com/Pelicanwayre/status/2010775179895468165)  2026-01-12T18:05Z [---] followers, [---] engagements


"We just came across $ONMD paying 30k shares ($7.5k) for a promotional campaign thanks to @StockPromoData we feel that instead of wasting shareholders' time with campigns $ONMD should be focusing on delivering actual results. We remain short shares of $ONMD. 1/x Round [--] of this because the first post bugged out on us Recap: not a short report we are short some shares but there will be no formal writeup: On October [--] [----] OneMedNet Corp. ($ONMD) issued a press release announcing a relationship with Palantir Technologies ($PLTR) 1/x Round [--] of this because the first post bugged out on us Recap:"  
[X Link](https://x.com/anyuser/status/2016912063642190194)  2026-01-29T16:31Z [---] followers, [----] engagements


"It appears that $AZ is trying to quietly rebut our report by releasing a PR through TechMediaBreaks a brand of Investor Brand Network which $AZ pays approximately $240k per year for promotion (per @StockPromoData). The headline teases real revenue directly addressing the exact issue we raised which remains glaring: where is the money It certainly isnt showing up at $AZ in their most recent filings"  
[X Link](https://x.com/anyuser/status/2000982864934928648)  2025-12-16T17:34Z [---] followers, [----] engagements


"RT @internpierre: More people should be paying attention to this $APP"  
[X Link](https://x.com/anyuser/status/2022688805506158660)  2026-02-14T15:06Z [---] followers, [--] engagements


"More people should be paying attention to this $APP I don't know who needs to hear this but applovin is a scam. In app ads are the most dogshit of dogshit ad inventory on the internet. Some random ass company did not crack some secret code to somehow make them as good as Meta ads. Nobody is interrupting their candy crush level I don't know who needs to hear this but applovin is a scam. In app ads are the most dogshit of dogshit ad inventory on the internet. Some random ass company did not crack some secret code to somehow make them as good as Meta ads. Nobody is interrupting their candy crush"  
[X Link](https://x.com/anyuser/status/2022567860242149613)  2026-02-14T07:05Z [----] followers, [---] engagements


"I don't know who needs to hear this but applovin is a scam. In app ads are the most dogshit of dogshit ad inventory on the internet. Some random ass company did not crack some secret code to somehow make them as good as Meta ads. Nobody is interrupting their candy crush level to buy your creatine suppository. If Hindenburg were still around they'd be borrowing against their kids' college funds to get even more short exposure to Applovin. https://twitter.com/i/web/status/2022390538473791726 https://twitter.com/i/web/status/2022390538473791726"  
[X Link](https://x.com/anyuser/status/2022390538473791726)  2026-02-13T19:20Z [----] followers, 41.2K engagements


"We are short $IONQ because in [----] they lost funding for Pentagon contracts that had comprised up to 86% of revenues from 2022-2024. This left a $54.6M black hole in their bookings in [----] which we believe caused their CEO to resign and insiders to dump $396.6 million in stock. The FY [----] budget passed yesterday indicates $IONQ has missed out on vital Pentagon funding again. But the real shocker is we can reveal the Pentagon never formally requested funding for $IONQs contracts instead the Pentagon was directed to enter these contracts via secretive backdoor earmarks by politicians friendly"  
[X Link](https://x.com/WolfpackReports/status/2019089358385537409)  2026-02-04T16:43Z 46.5K followers, 138.1K engagements


"We just came across $ONMD paying 30k shares ($7.5k) for a promotional campaign thanks to @StockPromoData we feel that instead of wasting shareholders' time with campigns $ONMD should be focusing on delivering actual results. We remain short shares of $ONMD. 1/x Round [--] of this because the first post bugged out on us Recap: not a short report we are short some shares but there will be no formal writeup: On October [--] [----] OneMedNet Corp. ($ONMD) issued a press release announcing a relationship with Palantir Technologies ($PLTR) 1/x Round [--] of this because the first post bugged out on us Recap:"  
[X Link](https://x.com/anyuser/status/2016912063642190194)  2026-01-29T16:31Z [---] followers, [----] engagements


"1/x Round [--] of this because the first post bugged out on us Recap: not a short report we are short some shares but there will be no formal writeup: On October [--] [----] OneMedNet Corp. ($ONMD) issued a press release announcing a relationship with Palantir Technologies ($PLTR) which coincided with a sharp surge in $ONMDs share price. The announcement framed the relationship as a strategic collaboration designed to revolutionize our ability to deliver high-quality regulatory-compliant data at remarkable speed. This positions us to power breakthroughs in clinical research and AI-driven healthcare"  
[X Link](https://x.com/anyuser/status/2010775175986290745)  2026-01-12T18:05Z [---] followers, [----] engagements


"Holding Foreign Insiders Accountable Act requires officers & directors of US-listed foreign companies disclose their trades on Form [--] starting March [--]. SEC just put out official notice: mad dash to get them all EDGAR accounts so they can file. Love to see it. 🦅 https://content.govdelivery.com/accounts/USSEC/bulletins/40431d4reqfrom=share/ https://content.govdelivery.com/accounts/USSEC/bulletins/40431d4reqfrom=share/"  
[X Link](https://x.com/anyuser/status/2011114045630304604)  2026-01-13T16:32Z [----] followers, [----] engagements


"Finally the stock promotion tracker indicates that $ONMD has spent thousands of dollars on paid promotional activity. In our view the combination of aggressive promotion exaggerated press releases governance red flags and speculative treasury decisions paints a troubling picture of a company that appears more focused on narrative management than on building a durable and transparent business. We are short a small amount of shares in $ONMD https://twitter.com/i/web/status/2010775188795781418 https://twitter.com/i/web/status/2010775188795781418"  
[X Link](https://x.com/anyuser/status/2010775188795781418)  2026-01-12T18:05Z [---] followers, [---] engagements


"@BreakoutPoint @ursustrades @ApolloResearchC"  
[X Link](https://x.com/anyuser/status/2010775428076585455)  2026-01-12T18:06Z [---] followers, [---] engagements


"Throughout the rest of the call $AZ management claimed to have more than [-----] carts in orders. Great that's all well and good; now show us where the $100mm+ in revenue is. They also talked about potentially reaching a staggering [------] carts in the future which would imply roughly $800mm in revenue. We are astonished they would even make this claim and see no credible path for it to happen; we view this as an insult to shareholders"  
[X Link](https://x.com/anyuser/status/2000982868818825495)  2025-12-16T17:34Z [---] followers, [---] engagements


"Now that $AZ has effectively made itself a laughingstock in the industry and is already down 20% since our report earlier this month $AZ has doubled down on the same playbook: announcing massive deals with counterparties that per their own filings appear unable to pay or never receive the carts. $AZ made the laughable decision to attempt a rebuttal of our report by announcing yet another "deal". We remain short shares of $AZ. You can view the original report on our website in our bio"  
[X Link](https://x.com/anyuser/status/2000982870408450274)  2025-12-16T17:34Z [---] followers, [---] engagements


"We are short $SES because we believe they have announced a series of phantom deals to distract from the loss of their two biggest customers Honda and Hyundai (who make up 74% of sales this year) which we believe will happen in a matter of weeks. To patch this massive hole they have also bought a low-margin China-based UZ energy whose related entity used a registered agent that had allegedly participated in a $1 billion Ponzi scheme. Please read the full report and disclaimer linked at bottom of the thread"  
[X Link](https://x.com/anyuser/status/1998405091980673306)  2025-12-09T14:51Z 46.5K followers, 15.5K engagements


"RT @StockPromoData: Excellent work by @Pelicanwayre Also worth noting $AZ pays $60000/quarter to Investor Brand Network for stock promot"  
[X Link](https://x.com/anyuser/status/1998065886444339382)  2025-12-08T16:23Z [---] followers, [--] engagements


"Excellent work by @Pelicanwayre Also worth noting $AZ pays $60000/quarter to Investor Brand Network for stock promotion https://www.stockpromotiontracker.com/dashboardticker=AZ&id=27900 1/6: We Are Short $AZ (A2Z Cust2Mate) which we believe is a collapsing smart cart mirage built on phantom orders undelivered deals and a team of penny stock has-beens. Despite claiming approximately $500mm in orders including a newly announced 3000-cart order on November https://t.co/7GHwKzTMvI https://www.stockpromotiontracker.com/dashboardticker=AZ&id=27900 1/6: We Are Short $AZ (A2Z Cust2Mate) which we"  
[X Link](https://x.com/anyuser/status/1998064804284477534)  2025-12-08T16:19Z [----] followers, [----] engagements


"1/6: We Are Short $AZ (A2Z Cust2Mate) which we believe is a collapsing smart cart mirage built on phantom orders undelivered deals and a team of penny stock has-beens. Despite claiming approximately $500mm in orders including a newly announced 3000-cart order on November 25th from the Israeli chain Super-Sapir the company has also touted an order from a cybersecurity firm with just $9200 in assets. We believe Cust2Mate has shipped only a small fraction of those carts. We calculate their claimed orders were 42x higher than the implied deliveries of carts. You can view the full report at"  
[X Link](https://x.com/anyuser/status/1995871209112621100)  2025-12-02T15:02Z [---] followers, 10.2K engagements


"1/3 Since releasing our report on $YALA in May where we outlined what we believe to be significant revenue overstatements the company has continued what we think is a blatant exaggeration of its business performance. In its latest quarterly filing $YALA claims roughly $258mm in revenue for the nine months ended September 30th while our calculations using third-party data and annualized still place them at $40mm over the last twelve months which is 84% lower at minimum. https://twitter.com/i/web/status/1998041173655495072 https://twitter.com/i/web/status/1998041173655495072"  
[X Link](https://x.com/anyuser/status/1998041173655495072)  2025-12-08T14:45Z [---] followers, [----] engagements


"2/3: $YALAs operational reality continues to tell the same story. Our periodic checks of their voice chat app show most rooms with fewer than [--] users. The fake review issue we highlighted has also persisted; in our latest review sweep on Google Play we still found at least 52% of the Play Store reviews showed hallmark signs of being fabricated"  
[X Link](https://x.com/anyuser/status/1998041175027044773)  2025-12-08T14:45Z [---] followers, [---] engagements


"3/3: None of this reflects a healthy or scaling platform. Until $YALA can reconcile the vast discrepancy between claimed revenue and observed platform activity along with the numerous other issues we outlined in our report which we believe are still relevant we believe our thesis stands stronger than ever. We remain short $YALA. The original report is available on our website in our bio"  
[X Link](https://x.com/anyuser/status/1998041177111634057)  2025-12-08T14:45Z [---] followers, [---] engagements

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