Capybara Research

Solid work. Sunlight is the best disinfectant $BZAI

Not at all surprised to see the rug pull at $HGRAF $HG.CN . Textbook pump & dump with shady cast of characters. Don't be surprised when shares are worth pennies

@admacroviews @Pelicanwayre @FuzzyPandaShort Are you seriously trying to troll about frivolous lawsuits files by scammers? They were all dismissed. It appears that you put as much effort into trolling as you put into investment research. Enjoy your scam

@CapybaraShort @Pelicanwayre @FuzzyPandaShort I don't delete Capybara, I am a man with moral standards obviously higher than yours 😉 how are your court cases going? Ready to flee to Tel Aviv?

$HGRAF is, in our opinion, one of the most obscene promotions of recent, its been written up very well by @CapybaraShort and @FuzzyPandaShort, we have decided to initiate a short position based on their research and our own confirmation of the diligence.

@admacroviews @Pelicanwayre @FuzzyPandaShort When Hydrograph is back under a buck, do you think this guy deletes his Twitter, or does he go silent and pretend he didn't make a huge blunder?

@Pelicanwayre @CapybaraShort @FuzzyPandaShort Getting advise by Panda and Capybara for investment purposes it is like getting advise from Epstein for thé éducation of your children 🤣🤣🤣 Pelican, Panda and Capybara, you deserve each other 🤣

@BrianGoodner No idea. It looks rigged. Wouldn't be surprised if they do a rug pull. There are some very shady people involved on the long side

@CapybaraShort This has quadrupled in a month. It's ripe for a big pullback even without a short attack, though I know plenty of people getting ready to short. Do you know if any major funds will be shorting soon?

$HGRAF $HG.CSE investors are in for a reality check. Should have done their homework capybararesearch.com/reports/hydrog…

@MichaelWigginsO Not gloating. Its a genuine offer to reach out if you have questions about one of our reports

You are coming back to gloat and that's cool. I get that. I don't blame you. But let's be frank for a moment. I do NOT believe for one moment that you held your short through all this. No way. If you did, you have no risk-management in place. And that's worse than being right on $NUTX

$NUTX Selling $NUTX at a roughly 60% loss has been one of the most frustrating investing experiences I’ve had in a long time. Unlike other investments where the thesis simply didn’t play out, this one is different. It just feels awful. In hindsight, Nutex’s reported growth was tied to ineligible arbitration claims. It was basically a very clever accounting scheme to give the illusion of growth. When those claims were ultimately reversed, their actual growth was very different. Management played me very well. They had this fake accounting scheme, raised their stock-based compensation, cashed in, and then, dropped the real financials in time for the audit. Losses are part of investing and I can live with being wrong on a thesis. I’ve been doing this long enough to know that happens. What makes this one so painful is the feeling that the financial picture presented to investors was far stronger than the underlying reality. Ultimately, this was a poor recommendation on my part and I take full responsibility for that. I trusted a narrative that, that appears to have been built with the purpose of tricking investors. That doesn’t excuse my mistake, but it does explain why taking this loss has been so difficult. Read more, for free (link below)

$NUTX repurchased: - $5M of shares at avg price of 178 - $20M of shares in 2026 allotted another $25M to repurchase on March 4

$NUTX down 33% after hours - rev down 41% - $55M one-time adjustment for ineligible claims It was all in our report, plus much more.

@GothamResearch Congrats, well done!

$KD CFO bye bye and SEC Enforcement… Where were the signs ? gothamcityresearch.com/post/kyndryl-l…

@webbhk I'm sorry to hear about David's passing and my thoughts are with his friends and family. He was kind, generous, and a force for good, exposing frauds and bad actors.

It is with great sadness that we share that David M. Webb MBE passed away peacefully in Hong Kong on Tuesday January 13th, 2026 from metastatic prostate cancer. David will be missed by family, many friends, and supporters. The family request privacy at this difficult time.

@PugCap Seems like a reputable company. Less than one year later, and the guy on the right was charged with fraud. Arrest warrant is still active. justice.gov/usao-sdny/pr/f…

$DJT is merging with TAE Technologies, the company that signed a power deal with fake Nigerian Fintech company Tingo just two years ago.

@BearCaveEmail "Problems at Serve Robotics (SERV)" I couldn't agree more. thebearcave.substack.com/p/problems-at-…

@smallmidcaps 3800 per visit is INSANE you're talking about just the facility fee. actually just a portion of the facility fee, because $NUTX on average owns about 80% of the facility So. are you saying an avg facility fee of $4750 is reasonable?

Your post is just plain false and misleading: - You ignore all facts that disagree with your established belief - BCBSTX cited $NUTX claim as example of fraud - New lawsuit in TX, $NUTX's largest market - Current earnings are from fraud and abuse - formers allege medical billing fraud to inflate bills - $NUTX rev boost is temporary - payors are coming for cash and rec's (claw backs) - Arb awards through HaloMD fraud are much larger than in-network rates - Drs accuse $NUTX of moving money around to inflate earnings It's understandable that you want your stock pick to do well, but you're doing yourself a disservice by pushing a false narrative while ignoring information that doesn't match your thesis.

@smallmidcaps @Railbird1717 exactly. So if $NUTX's IDR payments are rational, and sustainable, other providers would cancel their contracts and also go out-of-network. There's non magic involved.

We're short $NUTX again Retail investors have sent shares rallying, but they misunderstand the company, its financials, and the coming revenue cliff. #KnowWhatYouOwn capybararesearch.com/reports/nutex-…

you're missing another key point. $NUTX isn't sharing profits with physicians. Vo has been telling Drs that they can get rich, by starting their own ER and selling it to $NUTX. Notice how $NUTX is owning a larger percentage of newer ERs? $NUTX wants 100%, at which point the Drs are employees again. What Vo says to investors is a farce.

@abensonNYC you angry because your squeeze failed? Play stupid games, win stupid prizes. Thanks for bidding it up.

@CapybaraShort Wait "short again?" So you had so much confidence in your last piece, the result of eight months of research, that you covered after the whoosh lower. How are you any different than the pumpers in $RR?

@smallmidcaps @Railbird1717 i think you misunderstand the financials, and you're assuming mgmt isn't playing with the numbers. Sounds like you've considered the minority owners of the ER subs. What about the VIEs?