Wolfpack Research

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@WolfpackReports

Wolfpack Research is a short-biased activist research and due-diligence firm founded by Dan David. For personal/political views follow @Dan_David44

New York, NY wolfpackresearch.com Joined January 2017

318 Following 49K Followers 2.6K Posts

Latest posts 5

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Wolfpack Research @WolfpackReports Aug 18

Datasection’s latest report indicates its deal with “one of the world’s largest cloud service providers” was canceled retroactively to April 1st, 2026. Why did this contract fall apart? If everything about this deal was perfectly legitimate, then why did it fall apart? Who was this unnamed customer? Was it Tencent as our investigation indicated, and as Barrons reported from their own sources? Will Datasection finally admit that their major customer was Tencent, a Chinese military company that was blacklisted by the DoW according to the NY Times?

Wolfpack Research @WolfpackReports Nov 2

$XMAX falls off a cliff...

Wolfpack Research Verified account @WolfpackReports May 21

We are short $XMAX (which changed its ticker from $XWIN on Monday). We believe it's a Malaysian hustle peddling a furniture-to-AI fantasy to fund one of the most dilutive setups we have ever seen, including a $1 billion shelf (made effective May 12th 2026) for this ~$520m mkt cap. Our on-the-ground due diligence indicates $XMAX fabricated purchase orders of stone slabs to avoid delisting in October ’24. Our investigation reveals the suppliers' listed addresses include a preschool, a residential apartment complex, and a luxury condo building.
We also discovered numerous other red flags: a history of allegations of fraud (settled), glaring contradictions in its filings (unresolved), an (unrequited) AI deal with $SUPX, and a CEO whose bio does not appear to be accurate.

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Wolfpack Research @WolfpackReports Aug 19

YESTERDAY $FTK put out an 8-K insinuating that our report was misleading because we said the PREPA deal was cancelled and they said "As of the date of this report, PREPA has not delivered a formal notice of termination of the PREPA Contract to the Company." Yet TODAY they put out an 8-K saying PREPA "delivered formal notice of termination." How embarassing.

Wolfpack Research @WolfpackReports Aug 17

We are short $FTK because their $400m deal with PREPA and Power Expectations has been canceled. Our analysis shows 57% of $FTK’s near-term backlog will be wiped out due to an alleged unauthorized signature that has been referred for criminal investigation. This unfolding scandal, where a ~$6 billion contract was awarded to a company that reportedly only had $17 million in revenues the prior year and whose CEO is reportedly a convicted felon, has also been tied by media sources to a man who reportedly pled guilty to charges relating to an alleged $700m+ fraud and tax evasion scheme. We are shocked $FTK has not told investors yet that they were sucked into what has become an embarrassing fiasco.

oversightboard.pr.gov/oversight-boar…

oversightboard.pr.gov Oversight Board Revokes Approval of PREPA Contract With Power Expectations San Juan, PR – August 14, 2026 – The Financial Oversight and Management Board for Puerto Rico announced today that its members voted to revoke the approval of the power generation contract between...

Wolfpack Research @WolfpackReports Aug 14

@ROLCapital, how's it going on $YSS

R.O.L. Capital Verified account @ROLCapital May 28

@WolfpackReports You are going to get unbelievably blow out of the water.
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