Mephisto Research

so ist denn alles, was ihr sünde, // zerstörung, kurz, das böse nennt // mein eigentliches element // biased opinion, by no means advise // scrutinize our posts

[Mephisto Research @MephistoRes]

@42Payrate And who was apparently one of their key clients (at least in 2020). Our dear friend Cliq Digital. See page 43: https://t.co/mS8kMZxVNY

[Mephisto Research @MephistoRes]

The only part of #NorthernData's 2021 annual report you need to read.

[Mephisto Research @MephistoRes]

"OTC = No disclosure needed" refers to transactions by former Bitfield shareholders.
We have no position in Northern Data.

[Mephisto Research @MephistoRes]

>200% return in less than a year for #NorthernData insiders? #Bitfield made it possible.
Bitfield did a capital raise in early 2021 at EUR 22 per share. 9 months later and w/o lock-up, shareholders exchanged each Bitfield share for ~1 Northern Data share, then valued at EUR 95.

[Mephisto Research @MephistoRes]

Of course, these are paper profits unless realized. Yet, stock is down close to 40% since December. What if some former Bitfield shareholders decided to book profits quick rather than holding on to the "leading value generator for HPC infrastructure"? OTC = No disclosure needed

[Mephisto Research @MephistoRes]

@NingiResearch FOIA as a Service
https://t.co/1erCACThs5
Yet, agencies' response time was awful and privacy laws withhold much information

[Mephisto Research @MephistoRes]

@behindtheshares Seems like the H&A analyst is (finally) starting to question the business model.

[Mephisto Research @MephistoRes]

#CliqDigital finally published individual 2020 accounts for its German subsidiaries. Together, they made <2% of all revenues. Its main site cliqdigital dot com, operated by C Formats, had <EUR600k in rev. and 0 employees. At 14.99/mo this implies <4.000 users for the full year.

[Mephisto Research @MephistoRes]

@downhillcap Sell-side research = "long attack"

[Mephisto Research @MephistoRes]

Thanks to @mopeng for providing the first lead to Netacy
https://t.co/T4wpgpdUDc

[Kath @mopeng]

@csFraudAnalysis "The following websites are virtually identical, and all contain identical policies referring individuals back to https://t.co/sH1VpMhesx

https://t.co/xXCPp6bScf

https://t.co/m8Z0QnMFcj

https://t.co/ITW5au7dSe

https://t.co/2zRBU9uIrH"

https://t.co/HYDz045vRD

[Mephisto Research @MephistoRes]

Today we publish our first post on #Cliqdigital
We look at the business of its only US subsidiary Netacy Inc. which we believe to be unknown to most and completely unrelated to the business promoted to investors. Find the full text here
https://t.co/fLMEv9n7kN

[Mephisto Research @MephistoRes]

Disclosure: We have no position or financial interest in CLIQ Digital AG nor do we receive any compensation for our work. Read the full disclaimer and our full report
https://t.co/dOoi6ptRCv

[Mephisto Research @MephistoRes]

@ajb_powell How dare you to question the business model of cliq digital!
https://t.co/aHxkHW2VBp

[Mephisto Research @MephistoRes]

Short nugget on #Cliq Digital: How much of its 2020 revenue is derived from charging (sometimes unaware) people for “premium subscriptions”?
The annual report lists 5 UK subsidiaries with total 2020 revenue of EUR 27.8m. This equals approx. 25% of Cliq’s total 2020 revenues.

[Mephisto Research @MephistoRes]

@csFraudAnalysis @mopeng Cliq states that it has an office in Tequesta, Florida (see the "About" section: https://t.co/2Jliq7LvDu)
The following website also refers to an adress in Tequesta to contact netacy dot com: https://t.co/lUXrO7lncH

Only a coincidence?

[Mephisto Research @MephistoRes]

Stay tuned. Disclosure: We have no position or financial interest in Cliq Digital nor are we compensated for our work.

[Mephisto Research @MephistoRes]

Short nugget on #Cliq Digital: How much of its 2020 revenue is derived from charging (sometimes unaware) people for “premium subscriptions”?
The annual report lists 5 UK subsidiaries with total 2020 revenue of EUR 27.8m. This equals approx. 25% of Cliq’s total 2020 revenues.

[Mephisto Research @MephistoRes]

A service by Red27 Mobile Ltd. (“Chillax Games”) is so dubious that a similar named company needed to publicly state Non-Affiliation:
https://t.co/6ycKDwVXH8