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Activist investment firm. Nothing is financial advice, all views are our own, see our disclaimer on our website. Get in touch: info@pelicanway-research.com
Jan 12 8 tweets 2 min read
1/x Round 2 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 6, 2025, OneMedNet Corp. ($ONMD) issued a press release announcing a relationship with Palantir Technologies ($PLTR), which coincided with a sharp surge in $ONMD’s 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 solutions.” 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 Company’s 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
Nov 18, 2025 5 tweets 2 min read
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, here’s 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 are preying on the unsophisticated investor to fund their science project. It is my belief that this company will no longer be around within 10 years. The diligence conducted was significant and thorough, which I 100% believe, throughout this video, they chose to attack me and my company personally. In a very simple answer, if I’m wrong, I’m answerable to my bank account. 2/4: They attempt to dismiss our findings about the two supposed facilities by hand-waving everything as “R&D stage,” even leaning on a vague claim from the CEO that there are “other undisclosed sites.” This is the same pattern they use to undermine our on-site investigation, mocking us for speaking with waitstaff while conveniently omitting the informed statement made on location: the airport manager’s acknowledgment that “it’s only an experimental thing they’re doing right now.”
Sep 8, 2025 10 tweets 4 min read
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.Image 2/9: Our research found that SUPX engaged in multiple undisclosed related-party transactions. On August 27, 2024, SUPX claimed that its Australian subsidiary, ASPAC AI, was going to partner with PanaAI to build a $200 million data center. Not mentioned was that Yan Chen was both PanaAI director & ASPAC secretary, and that PanaAI, ASPAC, and Yan Chen all listed the same luxury home as their address.Image
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