Nate Anderson
A comprehensive compilation of Nate Anderson's writings, articles, interviews, and talks.
ArticlesAugust 2017Eros Earnings Review: An Abundance Of Red FlagsAugust 2017Eros International: New Receivables Accounting Red FlagsOctober 2017PolarityTE: Investors BewareNovember 2017Pershing Gold: We Believe Shares Are Virtually WorthlessNovember 2017Pershing Gold: We Believe Shares Are Virtually WorthlessNovember 2017OPKO Health: A House Of Cards Tumbling In The DarkDecember 2017Riot Blockchain: Sudden Business Pivot, Suspicious Acquisitions, Questionable Special DividendDecember 2017Marathon Patent Group: Bright Red Flags With This Newfangled ‘Blockchain’ PlayJanuary 2018Riot Blockchain Riot Blockchain: This Crypto Clown Car Continues Hurtling Toward The Abyss This Crypto Clown Car Continues Hurtling Toward The AbyssFebruary 2018Chicken Soup For the Soul Entertainment Is A Toxic MessFebruary 2018Riot Blockchain’s Brazen Disclosure Issues ContinueFebruary 2018Riot Blockchain: Yet Another Suspicious, Cash-Depleting TransactionFebruary 2018OPKO Health: New Signs Of Chaos In Key Diagnostics DivisionFebruary 2018Crius Energy Trust: An Unsustainable Collision CourseMarch 2018Could Rampant Red Flags Drown Aphria’s Proposed Nuuvera Acquisition?March 2018Aphria Insiders Disclose Stake In Nuuvera’s Initial Financing Round Just 1 Day Before Expected Deal ClosingApril 2018Pulse Biosciences: Failed FDA Clearance, New SEC Investigation, And An Uncertain Path ForwardApril 2018Inpixon: If This Sketchy Deal Is Legal The Public Markets May Be In Deep TroubleMay 2018We Believe Genprex Is A Disaster In The MakingSeptember 2018Apollo Medical: Look Out Below – Russell’s Latest Float Calculation Screw-UpSeptember 2018Opko Health: If These SEC Charges Were Surprising Then You Haven’t Been Paying AttentionSeptember 2018Ladenburg: Near-Term Headwinds And Unsustainable Balance Sheet EngineeringNovember 2018Genworth: We See Almost No Chance Of Regulatory Approval. This Deal Would Be A Disaster For PolicyholdersNovember 2018Genworth’s Acquirer (China Oceanwide) Looks to Be Drowning in an Ocean of DebtDecember 2018Aphria: A Shell Game with a Cannabis Business on the SideDecember 2018Aphria Our ResponseDecember 2018Yangtze River Port & Logistics: Total Zero. On-the-Ground Research Shows Assets Appear to be Largely FabricatedDecember 2018Aphria Part 2: We Believe This Rot Runs DeepDecember 2018The Latest Act in The Aphria Circus: A Very Obviously Related-Party ‘Hostile’ Takeover OfferFebruary 2019Sky Solar: Court Records Show That Lender Already Withdrew Buyout Proposal But Retail Investors Don’t Seem To Realize It YetJune 2019Eros International: On-The-Ground Research, Employee Interviews, and Private Company Documents Expose Egregious Accounting IrregularitiesJuly 2019Predictive Technology: 95%+ Downside on CEO and Former Chairman’s Past Securities Fraud Allegations, Acquisitions That Reek of Insider Self-Dealing and Dubious “Miracle Cure” Sales TacticsJuly 2019Update: After 96 Hours, Predictive’s ‘Response’ Fails to Address a Single Point from Our Detailed ReportAugust 2019DaVita is Secretly Trying to Defend its Charity Scheme with a Lobbying SchemeSeptember 2019Our Reply to Bloom’s Woefully Inadequate ResponseOctober 2019SmileDirectClub: Moving Fast and Breaking Things in People’s Mouths – 85% DownsideJanuary 2020Opera: Phantom of the Turnaround – 70% DownsideFebruary 2020NexTech AR: Relentless Stock Promotion, Sketchy Related Party Transactions and a Vaporware Product—Price Target: $0March 2020PharmaCielo: 100% Downside on Co-Founder’s History of Securities Fraud Allegations, Numerous Undisclosed Related Party Transactions and Operational FailuresMarch 2020PharmaCielo: 100% Downside on Co-Founder’s History of Securities Fraud Allegations, Numerous Undisclosed Related Party Transactions and Operational FailuresMarch 2020HF Foods: 90%+ Downside on Massive Undisclosed Related-Party Transactions, Shareholder Cash Spent on Exotic Supercars & Outrageous Fundamental ValuationMarch 2020Predictive’s COVID-19 Test Announcement Looks Like A Last-Ditch Sham To Salvage A Company On The Brink Of InsolvencyApril 2020SCWorx: Evidence Points to its Massive COVID-19 Test Deal Being Completely Bogus, Price Target Back to $2.25 Or LowerApril 2020New Pacific Metals: Bolivia Looks Friendly Until A Coup Forces Your Friends to Flee to Mexico– 90%+ DownsideMay 2020China Metal Resources Utilization: 100% Downside to This Zombie CompanyMay 2020Sorrento’s Pandemic Profiteering: Experts and Former Employees Speak Out on Sensational Claims of Covid-19 CureMay 2020Our Reply to China Metal Resources Utilization’s Inadequate ResponseJune 2020A Bagholder’s Guide to Why We Think Genius Brands Will Be a $1.50 Stock Within a MonthJune 2020Losing With WINS: NASDAQ’s Latest Disgrace Has No Financials, An Insolvent Parent Entity and Is Embroiled in What Appears to Be an Obvious Pump and DumpJune 2020Ideanomics Walks Back 1m Sq Ft Claims Today; Our Visit To IDEX’s “MEG” Facility Shows Zero Company PresenceJune 2020J2 Global: Troubling Related Party Transactions, Looming Impairments And A Suspicious History Of Insider Enrichment Spanning DecadesJuly 2020Facedrive: A $1.4b ESG Stock Promotion with a Hollow Core Business, Flailing Business Pivots and Multi-Million Dollar Payments to an Opaque BVI Entity; 95% DownsideAugust 2020GrowGeneration: This Latest Euphoric Retail Stock Has The Brightest Management Red Flags We’ve Ever Seen—70%+ DownsideSeptember 2020We View Nikola’s Response As a Tacit Admission of Securities FraudOctober 2020Loop Industries: Former Employees and Plastics Experts Blow The Whistle On This “Recycled” Smoke And Mirrors ShowNovember 2020Kandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. InvestorsDecember 2020Loop’s “Independent Review” Of Its Technology Falls FlatFebruary 2021Clover Health: How the “King of SPACs” Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ InvestigationFebruary 2021Our Response to Clover: Regular Investors And Senior Citizens Shouldn’t Be the Last to KnowMarch 2021Ormat: Dirty Dealings in ‘Clean’ EnergyMarch 2021The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, And A Prototype InfernoApril 2021Ebang: Yet Another Crypto “China Hustle” Absconding With U.S. Investor CashMay 2021PureCycle: The Latest Zero-Revenue ESG SPAC Charade, Sponsored By The Worst Of Wall StreetMay 2021HUMBL: Illusions of Grandeur, Collapsing International Deals, And Lurking DilutionJune 2021DraftKings: A $21 Billion SPAC Betting It Can Hide Its Black Market OperationsOctober 2021Hindenburg Research Announces $1,000,000 Bounty For Details On Tether’s BackingDecember 2021Tecnoglass Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPACFebruary 2022Standard Lithium: All The Hallmarks of A Made-In-Vancouver Stock Promotion Scheme Fueled By EV Lithium HypeMarch 2022Natera: Pioneers In Deceptive Medical BillingMarch 2022J&J Purchasing: When It Sounds Too Good To Be TrueMay 2022Singularity Future Technology: This Nasdaq-Listed Company’s CEO Is A Fugitive, On The Run For Allegedly Operating A Massive Ponzi SchemeMay 2022Musk Holds All The Cards: We See a Significant Risk That The Twitter Deal Gets Repriced LowerJune 2022Miracle Cures and Murder For Hire: How A Spoon-Bending Turkish Magician Built A $600 Million Nasdaq-Listed Scam Based On A Lifetime Of LiesJune 2022Ebix: This House of “Cards” Seems To Have a Glaring Fake Revenue ProblemOctober 2022Establishment Labs: A Financially Stretched Silicone Safety CharadeDecember 2022Welltower: Exposing The Shell GameJanuary 2023Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate HistoryJanuary 2023Our Reply To Adani: Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We RaisedMarch 2023Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 BillionMarch 2023Block’s Response Confirmed Inflated User Counts While Ignoring Other Key IssuesMay 2023Icahn Enterprises: The Corporate Raider Throwing Stones From His Own Glass HouseMay 2023Icahn’s Latest Disclosures Raise Critical New Questions About Margin Loans, Continued Portfolio LossesJune 2023Tingo Group: Fake Farmers, Phones, and Financials—The Nigerian Empire That Isn’tAugust 2023Freedom Holding Corp: Brazen Sanctions Evasion, Hallmarks Of Fabricated Revenue and Risky Bets with Commingled Customer FundsAugust 2023Tingo Forges Ahead With Its Brazen Scam As $725 Million In Claimed Cash Disappears From Its Balance Sheet In One QuarterOctober 2023Nanban Ventures: With “Friends” Like TheseNovember 2023EHang: Hollow Order Book And Fake Sales Make This China-Based eVTOL Company Last In Line For TakeoffFebruary 2024LifeStance: A Private Equity-Backed Mental Health Rollup Headed For A BreakdownFebruary 2024Renovaro BioSciences: A Worthless AI Shell Game With A Murderous Magician PastFebruary 2024Temenos: Major Accounting Irregularities, Failed Products And An Illusive TurnaroundMarch 2024Operating Behind Enemy Lines: How Fashion Powerhouse LPP S.A. Masked A Fake Russia ‘Sell-Off’ Using Front Entities And Encrypted BarcodesMarch 2024Equinix Exposed: Major Accounting Manipulation, Core Business Decay And Selling An AI Pipe Dream As Insiders Cashed Out Hundreds of MillionsApril 2024Temenos’ “Independent Examination” Strikes Us As A Tacit Confirmation Of Accounting Manipulation And Disclosure Violations, Spun With Lawyer-Speak And GaslightingJune 2024Axos: Glaring Commercial Real Estate Loan Problems and Lax Underwriting Beneath This Priced-For-Perfection BankJuly 2024Adani Update – Our Response To India’s Securities Regulator SEBIAugust 2024Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning ScandalAugust 2024Super Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High FlyerAugust 2024iLearningEngines: An Artificial Intelligence SPAC With Artificial Partners And Artificial RevenueOctober 2024Aaron Wagner And Wags Capital: From Pro Football To Utah’s Latest Disgraced Financial InfluencerNovember 2024PACS Group: How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming TaxpayersDecember 2024Sezzle: A Failing "Buy Now Pay Later" PlatformDecember 2024Sezzle: A Failing “Buy Now, Pay Later” Platform Playing Short Term Tricks As Insiders Cash Out Via Stock Sales And Margin LoansJanuary 2025Carvana: A Father-Son Accounting Grift For the AgesJanuary 2025Carvana: A Father-Son Accounting Grift For The AgesNikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in AmericaBloom Energy: A “Clean” Energy Darling Wilting to its Demise