Direct Digital Holdings Inc (DRCT)
Pitch Summary: Unexplainable revenue surprise; uncollectible accounts receivable is hidden using ‘accounts receivable insurance’; one of the directors has had +90% decline in share price for 15 companies; $0.5m value subsidiary is having 5x revenue growth to $60mil; zero R&D expense; effectively a broke company; BSD Analysis: Direct Digital runs programmatic ad platforms targeting multicultural […]
DocGo Inc (DCGO)
Pitch Summary: Potentially fraudulent billing practices; lawsuits related to forging signatures; billing for COVID tests that were not performed; editing patient reports to maximize profits; offering bribes to whistleblowers; leaders have a long history of fraud; no-name auditor; ongoing multiple government investigations; BSD Analysis: DocGo provides mobile medical services and patient transportation. The short case […]
