Question: If Optavia Fuelings contain more contaminants than peer products and everyday food, so what?
Answer: Gotham City Research has obtained irrefutable evidence that Medifast/Optavia products are causing illness, (including gastrointestinal and gallbladder problems). The Company is apparently engaging in a cover-up of those problems and has disseminated misleading information. We have posted a recorded conversation, containing Optavia Sales Rep #1’s admission that Optavia products are causing gastrointestinal issues.
Last week we released Method Media Intelligence’s report on Criteo. Today, Gotham City Research is releasing its first report on Criteo, explaining why we believe that ad fraud is a material problem for Criteo, and that the MMI observations are not isolated examples.
Over 50% of websites using Criteo are of suspect quality
Criteo is worse than its peers based on our study of its websites
AAC has used 20+ undisclosed related parties & dubious accounting to overstate & smoothen profits since 2014. In this regard, AAC reminds us of Longtop Financial Technologies.
AAC has used these hidden entities to evade Apple’s labor standards specified in the Apple Supplier Code of Conduct.
AAC’s share price will initially decline to 40 HKD – 50 HKD per share, as the undisclosed related party supplier revelations are digested.
We see far greater downside potential to the share price if the company were to concurrently experience the same problems that other Apple suppliers have in the past, e.g. increased competition, pricing pressure from its customers, wage inflation, etc.
Example #2: ZhongBeiTong Magnetic Materials 沈阳中北通磁科技股份有限公司
Gotham City Research has reason to believe that ZhongBeiTong Magnetic Materials is a significant undisclosed related party:
The company estimated it would enter into RMB 150 million transactions wi...
How many shares does Aurelius’ management currently own? Why does Aurelius refuse to answer this simple question?
When asked about his current shareholdings last week, CEO Dirk Markus said: “I cannot say anything… we respect the law with regards to quiet periods” Is Dirk Markus telling the truth, implying that he is legally restricted?
Is Aurelius telling the truth when it claims “Steffen Schiefer has been CFO of AURELIUS since 2012"?
EIGI will ‘beat’ its Adjusted EBITDA estimates today (just as we expect university students to ‘ace’ self-graded exams). EIGI has generated negative free cash flow each quarter it has “beat” Adj. EBITDA estimates.
Endurance will aggressively dangle its vague $500 million Adjusted EBITDA long-term goal, hoping to fool some investors into thinking that the previously disclosed $500 million figure is new information, when in fact, the $500 million target is old news from several months ago.
Gotham City Research believes investors will gain a more accurate understanding of the company’s health and prospects, by asking the following questions (for more information, read the report):
1. Average Revenue per Subscriber (ARPS): What are the total number of end subscribers and resellers you had for each year between 2012 and 2014? How many currently? What % of your total revenues are sourced from resellers for those years?