Investigative research

Findwhatdoesn’tmakesense.

We look for the things a company says that its own paperwork won’t support, and we go down every hole until something gives.

48 agentsDown every rabbithole we can reach

We don’t start with a list.

An investigation goes wherever the question goes. Sometimes the answer is in a footnote. Sometimes it is in a planning application, a customs manifest, or a job ad for a factory that is supposed to already be running.

10-Q footnotescounty building permitscustoms manifestscourt docketspatent filingsjob postingssatellite passesarchived web pagessupplier registriesFCC licencestrademark filingsfood-safety inspectionsport call recordsaircraft registrationsland titlesunion filingsprocurement awards

clinical trial registriesvessel AIS tracksemployee reviewsconference talksDNS recordsenvironmental permitstax liensUCC filingsbankruptcy scheduleslocal newspaper archivesplanning applicationsauditor changesrelated-party notesshipping bills of ladingwarehouse leasesinsurance filingslicence revocations

A partial list. The useful ones are usually the ones nobody thought to check.

Two kinds of answer.

Sometimes what doesn’t add up is a company telling the market something its own records won’t support. Sometimes it is a company quietly losing money to a bottleneck nobody inside has looked at in three years.

The first we publish. The second we take to them. Both start the same way — with something that doesn’t make sense.

The first investigations are underway.

When one survives being argued with, we publish it here in full — the evidence, the strongest case against us, and whatever is left unexplained.

One email when the first investigation is published. Nothing else, and no one else gets the list.