Does your model flag NKLA? Nikola Motors, ostensibly a fuel cell vehicle company, famously reported $36,000 in "solar revenue" (they got a contract to put solar panels on someone's house) while simultaneously having a market cap of over $4 billion.
If so, can you comment on what your model considers red flags in Nikola's SEC filings?
Yes, it did. BUT here's the thing -> Nikola was first a SPAC and by the time it filed its first filing as Nikola, the Hidenburg report was already out so its not a true example of our algorithms preceding short reports. Our algos did beat Hidenburg to the punch on a number of other companies though.
1. "For example, in September 2020, our founder and former executive chairman, Trevor R. Milton, stepped down from his positions with us."
2. "During the fourth quarter of 2020, the Company ceased operations related to the Powersports business unit in order to focus on the Company's primary mission of commercial production of semi-trucks and construction of hydrogen fueling stations."
3. "As of December 31, 2020, we have $46.3 million of prepaid in-kind advisory services remaining which is expected to be consumed in 2021 and will be recorded as research and development expense until we reach commercial production."
A bit outdated but check this out - https://bedrock.substack.com/p/bedrock-ai-vs-activist-shorts