Viceroy have obtained the 12-page whistleblower report mentioned a recent Bloomberg article. Viceroy received the report anonymously just prior to our previous publication on Adler Group but Bloomberg make it clear that management and major stakeholders were aware of this information as early as March.
OCTOBER 6, 2021 – Viceroy Research is short Adler Group SA (ETR : ADJ) and its listed subsidiaries. The Adler Group is a hotbed of fraud, deception and financial misrepresentation designed to hide its true financial position, which is bleak. The Adler Group exists as
September 7, 2021 – On September 2, 2021, ReconAfrica released a press statement and presentation of data on their first 6-2 well by Netherland, Sewell & Associates, Inc. The presentation is a clear attempt to put a positive spin on disappointing drill results but fails
August 16, 2021 – On August 5, 2021, ReconAfrica released a press release containing further results on their 6-2 and 6-1 wells. Far from a success, results have failed to live up to RECO’s exaggerated claims of a world-class reservoir and instead showed an area
JULY 21, 2021 – ReconAfrica’s stock promoters deleted paid-for ReconAfrica content from their website without any corrections or justifications before quietly reuploading it. The company has not made any announcement to the market to explain why an article commissioned by them had been removed. Viceroy
JULY 14, 2021 – Viceroy calls for the immediate revocation of ReconAfrica’s (seismic approval. We raise further issues with RECO’s communications. RECO show clear contempt for stakeholders and a willingness to distort the truth to further their aims. RECO announced the completion of drilling of
July 13, 2021 – This morning on Africa Good Morning geologist and environmental expert Jan Arkert gave his view on ReconAfrica validating Viceroy Research’s views on the matter of ReconAfrica’s geology. For the avoidance of any doubt, Viceroy have never retained the services of Mr. Arkert,
June 30, 2021 – Viceroy’s due diligence often includes communication with stakeholders. $RECO was no different. It has come to our attention that Ms Shino, who agreed to partake in an interview with Viceroy, has denied that this interview took place, and denied that there
ReconAfrica’s micro-response to our report contains zero facts, addresses none of Viceroy’s pertinent questions, and is loaded with promotional language. JUNE 29, 2021 – On June 28, 2021, Reconnaissance Energy Africa responded to Viceroy Research’s report, titled “ReconAfrica – No Oil? Pump Stock” (Report –
June 24, 2021 – Viceroy Research is short Reconnaissance Energy Africa Ltd (TSXV:RECO), a junior oil miner specializing in stock promotion and insider enrichment. RECO’s mining assets are not highly speculative: they are borderline imaginary. Despite a CAD >1bn market cap, RECO has a near-zero
Viceroy Research LLC are an investigative financial research group registered in Delaware, USA.
Our research reports have been prepared for educational purposes only and expresses our opinions. Our reports and any statements made in connection with them are the authors’ opinions, which have been based upon publicly available facts, field research, information, and analysis through our due diligence process, and are not statements of fact. All expressions of opinion are subject to change without notice, and we do not undertake to update or supplement any reports or any of the information, analysis and opinion contained in them. We believe that the publication of our opinions about public companies that we research is in the public interest. We are entitled to our opinions and to the right to express such opinions in a public forum. You can access any information or evidence cited in this report or that we relied on to write this report from information in the public domain.
To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stocks covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. We have a good-faith belief in everything we write; however, all such information is presented “as is,” without warranty of any kind – whether express or implied.
In no event will we be liable for any direct or indirect trading losses caused by any information available on this report. Think critically about our opinions and do your own research and analysis before making any investment decisions. We are not registered as an investment advisor in any jurisdiction. By downloading, reading or otherwise using our research reports, you agree to do your own research and due diligence before making any investment decision with respect to securities discussed herein, and by doing so, you represent to us that you have sufficient investment sophistication to critically assess the information, analysis and opinions in this report. You should seek the advice of a security professional regarding your stock transactions.
This website, all documents contained herein or any information herein should not be interpreted as an offer, a solicitation of an offer, invitation, marketing of services or products, advertisement, inducement, or representation of any kind, nor as investment advice or a recommendation to buy or sell any investment products or to make any type of investment, or as an opinion on the merits or otherwise of any particular investment or investment strategy.
Any examples or interpretations of investments and investment strategies or trade ideas are intended for illustrative and educational purposes only and are not indicative of the historical or future performance or the chances of success of any particular investment and/or strategy.
You should assume that the authors have a direct or indirect interest/position in all stocks (and/or options, swaps, and other derivative securities related to the stock) and bonds covered herein, and therefore stand to realize monetary gains in the event that the price of either declines.
The authors may continue transacting directly and/or indirectly in the securities of issuers covered herein for an indefinite period and may be long, short, or neutral at any time hereafter regardless of their initial recommendation.
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish