The Rocky Awards return to highlight 2022’s most notorious corporate nonsense
It’s the most blunderful time of the year. Strap in for the second annual edition of the Rocky Awards: Bedrock AI’s celebration of the...
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- Nov 17, 2022
- 7 min
FTX: Anomaly or norm? Field notes on the crypto mining space
Substack written by Andre Castillo, CPA/ABV, CFE, Head of Forensic Research at Bedrock AI. Highlights: There is no set accounting...
- Oct 31, 2022
- 4 min
Accounting policy changes boost tech earnings
The big tech names have all updated accounting estimates recently, boosting earnings across the board. Microsoft, Amazon and Oracle ...
- Oct 12, 2022
- 5 min
Failed SPAC mergers increased by 320% in 2022
“They had so many comments from the SEC that they decided to call off their SPAC merger altogether,” said a friend of the Bedrock team ...
- Oct 5, 2022
- 2 min
Governance (sometimes) matters
When governance issues impact performance Plus: The Bedrock AI timeline view is now LIVE (details below) Small cap companies that...
- Sep 17, 2022
- 6 min
Inflation, diversity and accounting academia
It’s been a rough week in the markets. If you have some time off work this weekend, go outside and have some fun, don’t listen to...
- Sep 8, 2022
- 4 min
Filing after hours: When it matters
Plus the companies that almost always file late It’s no secret that companies take timing into consideration when they publish a...
- Aug 3, 2022
- 3 min
Withum and Marcum audited over 78% of all SPACs since 2020
Special purpose acquisition companies, otherwise known as SPACs, have flooded the equity markets over the last couple of years....
- Jun 10, 2022
- 3 min
Bedrock AI's high vs. low risk companies see 20+ point differential in returns
TLDR: Bedrock’s highest risk companies had average returns of -22% while the lowest risk companies had returns of -1%. Results were...
- Mar 31, 2022
- 3 min
Non-timely filings increase by 40%+ in 2022, fueled by SPACs
More than 500 NT 10-Ks were filed in the last 3 days 2022 has been a record breaking year for 10-K deadline misses. A company files an...
- Mar 17, 2022
- 7 min
Interpreting internal control (ICOFR) weaknesses in stock research
CLVT, PLUG, JAMF and others recently reported material weaknesses Should you care about material weakness disclosure? When and why?...
- Mar 4, 2022
- 5 min
The SEC takes unprecedented action on climate disclosure
META, TGT, UAA and others have been asked to defend climate disclosure choices For the first time ever, the SEC is asking issuers to...
- Feb 11, 2022
- 3 min
Probing questions from the SEC
CDAY, MSTR, FTCH SEC correspondence SEC commentary on corporate disclosure ranges from polite to biting. Now you can explore the best of...
- Feb 4, 2022
- 3 min
Where have all the public companies gone?
SPAC Mania & trends in new and defunct EDGAR filers Despite a surge in SPAC IPOs, there are fewer EDGAR filers now than there were in...
- Jan 25, 2022
- 4 min
The SEC in 2021 - A Year in Review
The opinions of Kris Bennatti, data collected by Bedrock AI In 2021, the SEC’s Division of Enforcement published the lowest number of ...
- Jan 17, 2022
- 4 min
Regulating Insider Trading
Rule 10b5-1 proposed changes, and why they matter Regulating Insider Trading Back in December, some nerdy parts of FinTwit were abuzz...
- Dec 10, 2021
- 5 min
Crypto & greenwashing
Is SDIG’s coal refuse plant environmentally beneficial? Stronghold Digital Mining (SDIG), a Bitcoin mining company that burns coal...
- Nov 22, 2021
- 4 min
A rough $RIDE at Workhorse
The troubled EV legacy of Steve Burns EV stocks are hot! And also messy. Lordstown Motors (RIDE) and Workhorse Group (WKHS) are two...
- Apr 21, 2021
- 5 min
What the SPACs are saying
Reading the fine print “We are a recently incorporated company with no operating history and no revenues, and you have no basis on...
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