January 25, 2021 – On December 28, 2021, S&T issued a “detailed response1” to our report on the company. The response leaves numerous questions wide open and pathetically deflects several key concerns outlined by Viceroy. Viceroy welcomes the announcement of an independent forensic investigation by
DECEMBER 15, 2021 – Viceroy Research is short S&T AG (XTRA:SANT): a roll-up of low-quality, labor intensive “IoT” assets, often acquired under fire-sale circumstances. Analysis of individual subsidiary performance shows flatlining and negative growth due to frauds & federal raids, insolvency, security breaches, and general
October 27, 2021 –Viceroy are short PagSeguro (NYSE:PAGS) and StoneCo (NASDAQ:STNE), two Brazillian focused payment processors. After a raid by the FBI in conjunction the Department of Homeland Security on PAX Global Technology Ltd’s (SEHK: 327) Florida offices, we have serious concern for the operational
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,
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