Capybara Research

Deep research on scams, frauds, and bad actors.
Not financial advice, do your own DD.

[Capybara Research @CapybaraShort]

Solid work. Sunlight is the best disinfectant $BZAI

[Pelican Way Research @Pelicanwayre]

1/9: We are short $BZAI (Blaize AI) because we believe that their latest $50mm deal is most likely fake, because the reported counterparty seemingly just appeared out of thin air a few months before the deal, and showcases fake products that appear to be different companies' hardware with the $BZAI and NeoTensr logo slapped on. The company is running out of money, and this PR seems to function merely as a way to boost the stock price ahead of what we believe will be a massive ATM.

[Capybara Research @CapybaraShort]

Not at all surprised to see the rug pull at $HGRAF $HG.CN .
Textbook pump & dump with shady cast of characters.
Don't be surprised when shares are worth pennies

[Capybara Research @CapybaraShort]

$HG.CN $HGRAF latest Canadian Promo
- science project valued at $1b
- up 10x on big promo campaign
- promo spend is 6x R&D
- backers include Canada’s most notorious financiers
- CEO is promo queen with no op exp
- CFO and CAO left in 2024
- Ind chair resigned
- empty partnerships

[Capybara Research @CapybaraShort]

@admacroviews @Pelicanwayre @FuzzyPandaShort Are you seriously trying to troll about frivolous lawsuits files by scammers?
They were all dismissed.
It appears that you put as much effort into trolling as you put into investment research. Enjoy your scam

[Capybara Research @CapybaraShort]

@admacroviews @Pelicanwayre @FuzzyPandaShort When Hydrograph is back under a buck, do you think this guy deletes his Twitter, or does he go silent and pretend he didn't make a huge blunder?

[Capybara Research @CapybaraShort]

@BrianGoodner No idea. It looks rigged.
Wouldn't be surprised if they do a rug pull. There are some very shady people involved on the long side

[Capybara Research @CapybaraShort]

$HGRAF $HG.CSE investors are in for a reality check. Should have done their homework
https://t.co/M9imt2Suyc

[Capybara Research @CapybaraShort]

$HGRAF CEO & Chair has an interesting promo history. includes sex toys, animated porn, and affiliate marketing

[Capybara Research @CapybaraShort]

@MichaelWigginsO Not gloating. Its a genuine offer to reach out if you have questions about one of our reports

[Capybara Research @CapybaraShort]

$NUTX repurchased:
- $5M of shares at avg price of 178
- $20M of shares in 2026

allotted another $25M to repurchase on March 4

[Capybara Research @CapybaraShort]

$NUTX down 33% after hours
- rev down 41%
- $55M one-time adjustment for ineligible claims
It was all in our report, plus much more.

[Capybara Research @CapybaraShort]

We're short $NUTX again
Retail investors have sent shares rallying, but they misunderstand the company, its financials, and the coming revenue cliff.
#KnowWhatYouOwn
https://t.co/prJB9pLasy

[Capybara Research @CapybaraShort]

@GothamResearch Congrats, well done!

[Capybara Research @CapybaraShort]

@webbhk I'm sorry to hear about David's passing and my thoughts are with his friends and family.
He was kind, generous, and a force for good, exposing frauds and bad actors.

[Capybara Research @CapybaraShort]

@PugCap Seems like a reputable company.
Less than one year later, and the guy on the right was charged with fraud. Arrest warrant is still active.
https://t.co/EJkHQn5tFf

[Capybara Research @CapybaraShort]

@BearCaveEmail
"Problems at Serve Robotics (SERV)"
I couldn't agree more.
https://t.co/94Cfw4a80D

[Capybara Research @CapybaraShort]

We have initiated a short position in $SERV (Serve Robotics).

- Lock-Up Expires Tomorrow
- The stock is up 500% on an old NVDA stake
- Recent Pipe with warrant coverage at $6 per share
- $52k in delivery revenue for Q1 vs $740 Million market cap
- Each robot costs $60k+

[Capybara Research @CapybaraShort]

@smallmidcaps 3800 per visit is INSANE
you're talking about just the facility fee.
actually just a portion of the facility fee, because $NUTX on average owns about 80% of the facility
So. are you saying an avg facility fee of $4750 is reasonable?

[Capybara Research @CapybaraShort]

Your post is just plain false and misleading:
- You ignore all facts that disagree with your established belief
- BCBSTX cited $NUTX claim as example of fraud
- New lawsuit in TX, $NUTX's largest market
- Current earnings are from fraud and abuse
- formers allege medical billing fraud to inflate bills
- $NUTX rev boost is temporary
- payors are coming for cash and rec's (claw backs)
- Arb awards through HaloMD fraud are much larger than in-network rates
- Drs accuse $NUTX of moving money around to inflate earnings
It's understandable that you want your stock pick to do well, but you're doing yourself a disservice by pushing a false narrative while ignoring information that doesn't match your thesis.

[Capybara Research @CapybaraShort]

@smallmidcaps @Railbird1717 exactly. So if $NUTX's IDR payments are rational, and sustainable, other providers would cancel their contracts and also go out-of-network.
There's non magic involved.

[Capybara Research @CapybaraShort]

We're short $NUTX again
Retail investors have sent shares rallying, but they misunderstand the company, its financials, and the coming revenue cliff.
#KnowWhatYouOwn
https://t.co/prJB9pLasy

[Capybara Research @CapybaraShort]

you're missing another key point. $NUTX isn't sharing profits with physicians. Vo has been telling Drs that they can get rich, by starting their own ER and selling it to $NUTX.
Notice how $NUTX is owning a larger percentage of newer ERs? $NUTX wants 100%, at which point the Drs are employees again. What Vo says to investors is a farce.

[Capybara Research @CapybaraShort]

@abensonNYC you angry because your squeeze failed?
Play stupid games, win stupid prizes.
Thanks for bidding it up.

[Capybara Research @CapybaraShort]

@smallmidcaps @Railbird1717 i think you misunderstand the financials, and you're assuming mgmt isn't playing with the numbers.
Sounds like you've considered the minority owners of the ER subs.
What about the VIEs?