We Still Call a Spade a Spade: Why We Believe National Beverage Corp $FIZZ Might be a Better Short Than Ever. Read our new critical report here: grizzlyreports.com/we-still-call-…
The recent frenzy in high short interest stocks, most notably $GME and $AMC, has lifted several other stocks and created an attractive short opportunity in $FIZZ. @breakoutpoint@valuewalk@natbaker@zer0estv@FD
We heard rumors that brokers are circulating positive notes about $FIZZ to hedge funds. We believe a lot of the recent buyers do not really understand what they own. @WillauerProsky@ActivistInsight@ActivistShorts
The problems at $FIZZ start with horrifi¬c corporate governance, Chairman and CEO Nick Caporella has been on the board for 36 years, his son Joseph for 34. No one new has joined the board in 11 years, and no one is under 60.
The integrity issues at the company show on many fronts like misleading marketing, alleged dealings with undisclosed related parties and undisclosed insider enrichment. Most shocking to us are sexual harassment allegations against $FIZZ 82-year-old Chairman.
The company has a history of alleged financial manipulation and our research substantiates the suspicion. @contrarianshorts @donutshorts@jimcramer
The core business is under pressure, sales have flatlined and increasing competition will translate to $FIZZ declining profits. @Benzinga@BenzingaMedia@MarketWatch
The main product La Croix is in our opinion overprized and a fad; Competitors with deeper pockets ( $PEP & $KO) are gaining market share. Newly introduced brands and products have performed sub-par. $FIZZ does not deserve a premium valuation of a growth company.
. @CitronResearch has over a long career fought many important battles for freedom of speech and activist shorts, and has our respect. We hope to see you calling out bad companies again soon!
The recent craziness in some stocks is embarrassing and has lifted in our opinion some of the most unethical companies. $GSX saw its stock almost triple over the last two weeks. This doesn’t change our opinion one bit: $GSX is still the worst of the worst! @GrapefruitGals
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Today CCTV exposed $DOYU for the Online gambling activities. A risk that we outlined in our recent report. Reporters and whistleblower stated that $DOYU not only knew about this but willingly guided and taught streamers to conduct such activities while bypassing regulations.
Here are the highlights of the CCTV report: The No.1 Streamer on $DOYU, Changsha Xiangcun Gansidui, is suspected to be operating online gambling. One user in the live streaming room lost 200,000 RMB in little over 10 minutes. This room’s annual GMV was 177.18 million RMB in 2020.
Since June last year a lot of the streamers have moved their operations underground (via QQ Groups and WeChat) due to regulatory pressure. However, online gambling is still widely prevalent.
New report out: grizzlyreports.com/doyu-massive-r… We believe $DOYU has been involved with illegal online gambling on their platform. Our research indicates that not only is $DOYU hosting these illegal activities, but they are actively encouraging their users to gamble on their platform.
Recent policy announcements indicate a more stringent regulatory environment that is cracking down on online gambling, order brushing and faking operating numbers. We believe the full scale of the policy reform will be massive. @breakoutpoint@valuewalk@natbaker@zer0estv@FD
$MOMO, another online streaming platform based
in China, recently presented terrible financial
performance in light of “structural reform”. We believe
this is an indicator of what is to come to $DOYU @WillauerProsky@ActivistInsight@ActivistShorts
$HEBT stock price has skyrocketed on the back of recent private placements and acquisitions. Problem is: All significant transactions in the last year are undisclosed related party transactions. @ActivistInsight@ActivistShorts @quintessentialcm
SAIC filings indicate that $HEBT legacy financials are completely overstated; For example, from 2016 to 2018, the total SAIC revenues are 80.5% lower compared to SEC financials. On-the-ground due diligence confirms worst suspicions.
Here is our follow up report on $GSX that you don’t want to miss: grizzlyreports.com/gsx-update-6-2… We have been busy obtaining smoking gun evidence, including access to $GSX INTERNAL database and records from third parties that sold massive amounts of fake IDs to $GSX.
We gained access to $GSX internal Gaotu database. The conclusion: Real student count is only about 11% of what $GSX reports to US investors. @muddywatersre analysis came very close to the real numbers; Well done @muddywatersre !
Our report entails technical instructions on how to exploit $GSX database weakness and legally gain access to their internal teacher portal. We uploaded a video demonstration on @YouTube and our website. grizzlyreports.com/gsx-update-6-2…