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The latest from our research team on markets, risk, and technology.

Russia-Ukraine conflict causes going concern issues at VEON as two board members resign
10-K Analysis & Red Flags

Russia-Ukraine conflict causes going concern issues at VEON as two board members resign

Veon Ltd reported substantial doubt on continuing as a going concern due to the Russia-Ukraine conflict and other red flags.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
VRRM restated its financials by $30.9M in response to SEC Staff Statement
10-K Analysis & Red Flags

VRRM restated its financials by $30.9M in response to SEC Staff Statement

Verra Mobility Corp restated its financials by $30.9 million due to accounting revisions related to private placement stock warrants, etc.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
Illegal P2P Lending Business Switched to Crypto Mining
10-K Analysis & Red Flags

Illegal P2P Lending Business Switched to Crypto Mining

Bit Digital whose P2P lending business was suspended due to criminal activity, switched to crypto mining, and reported ineffective controls.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
Hudson Labs FOI - MT changes auditors and enhances Ukraine-based segment results
10-K Analysis & Red Flags

Hudson Labs FOI - MT changes auditors and enhances Ukraine-based segment results

Bedrock AI weekly report includes Sorrento Therapeutics attributes ineffective controls to the CFO’s death.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
RMBL cycles through three auditors, WLL forced to restate by SEC
10-K Analysis & Red Flags

RMBL cycles through three auditors, WLL forced to restate by SEC

In our weekly report, BEYOND MEAT INC proposed settlement on a lawsuit alleging executives breached fiduciary duties, altering food safety reports.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
A leading BTC mining company doesn’t generate revenue
10-K Analysis & Red Flags

A leading BTC mining company doesn’t generate revenue

Our weekly report includes WULF, an ESG-focused bitcoin mining company, reported substantial doubt over ability to continue as a going concern.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
DOLE failed to report listeria deaths, CINC restates prior periods
10-K Analysis & Red Flags

DOLE failed to report listeria deaths, CINC restates prior periods

Our weekly report includes ASTRA SPACE INC fired its auditors Grant Thornton and hired PwC, the 2nd time in less than a year they fired the auditors!

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read
We Think Jim Cramer is Absolutely Right! But About What?!?
10-K Analysis & Red Flags

We Think Jim Cramer is Absolutely Right! But About What?!?

Wall Street commentator Jim Cramer seems to be wrong about everything these days. However, we seem to be on the same page as him on at least one thing.

Kris Bennatti, CEO of Hudson Labs··4 min read
Hudson Labs FOI - Elon Musk steps down from board of EDR, MCG CFO resigns amid control issues
10-K Analysis & Red Flags

Hudson Labs FOI - Elon Musk steps down from board of EDR, MCG CFO resigns amid control issues

Bedrock's weekly report includes, Both EDR and MCG collateralize their assets while taking on unusually high debt.

Andre Castillo, Head of Forensic Research at Hudson Labs··3 min read