$PGY Huge $229m credit impairment in the last quarter.
Proceeds from securities suddenly up from $23m to $138m. PGY likely started to stuff the Theorem fund with its toxic assets. 1/2
We are short Pagaya Technologies - $PGY, a Nasdaq-listed fintech company that has used other people’s money to hide massive losses.
https://iceberg-research.com/2025/02/11/pagaya-using-other-peoples-money-to-hide-massive-losses/
$BBAI. It's actually worse than what we thought. The prototype was first under a DOD contract in 2018. So 7 years after, BBAI is till trying to complete a prototype and the market thinks it's new.
2$BBAI here we go again with the pump. Today, the company announced an unquantified contract to develop its VANE prototype with the DOD. But this same product was already under a $3.3m DOD development contract back in 2022 (NuWave is a sub of $BBAI). 1/2
https://web.archive.org/web/20220406222242/https://www.cttso.gov/Projects/AA/VirtualAnticipationNetwork.html
$BBAI here we go again with the pump. Today, the company announced an unquantified contract to develop its VANE prototype with the DOD. But this same product was already under a $3.3m DOD development contract back in 2022 (NuWave is a sub of $BBAI). 1/2
https://web.archive.org/web/20220406222242/https://www.cttso.gov/Projects/AA/VirtualAnticipationNetwork.html
Yesterday, $BBAI announced an unquantified contract with the US Navy. The stock is up 20%. Just one small problem from the DOD website: there are 1,023 businesses that got awarded the same contract (in fact there were 1,106 offers so not exactly hard to get in) 1/3
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