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Do you have any plans to take S-1 filings and make “cliff note” versions, i.e. distill down to core financials and important data?
Very intriguing. Can you give a sense of your model(s) metrics? Sensitivity and specificity in validation/test? If you're open to it, explainability assessments? What is your market size? Can your models transfer to other compliance spaces?
Yes! the NLP research we've done can be adapted to other tasks.
Earlier quoted context omitted.
Sweet! The world needs a Bloomberg alternative so props. We don't have an API atm. We're focused on supporting human analysts. The meat of the product is the red flags which are textual and not quantitative.
If you think you could use more data such as news headlines, reddit and twitter chatter, and forum discussions about the companies from the filings then let me know, Quantale can provide that. The additional data could augment the current fraud detection.
If so, can you comment on what your model considers red flags in Nikola's SEC filings?
Earlier quoted context omitted.
If you think you could use more data such as news headlines, reddit and twitter chatter, and forum discussions about the companies from the filings then let me know, Quantale can provide that. The additional data could augment the current fraud detection.
Interesting. Potentially? How do we get in touch?
thank you
Congrats on the launch guys! Fellow Canadian from Montreal here :) I'm curious, what tools / methodology did you follow to generate the high-quality labels, and how many different labels did you end generating? I'm also very curious whether you view the discovery and generation of new labels (and accompanying high-quality training datasets) as a continuing and core part of your development going forward?
How would you address would-be filers from using your own product from iterating on their wording until the red flags are removed?
We don't sell to filers. Ever. Got to protect against conflicts of interest. That's one of the reasons we don't have a true free version of the product. That said, we're using language models so replacing words with synonyms won't evade the model as long as its expressing the same thing.
Does your model flag NKLA? Nikola Motors, ostensibly a fuel cell vehicle company, famously reported $36,000 in "solar revenue" (they got a contract to put solar panels on someone's house) while simultaneously having a market cap of over $4 billion. If so, can you comment on what your model considers red flags in Nikola's SEC filings? https://hindenburgresearch.com/nikola/ https://sec.report/Document/0001731289-20-000…
A bit outdated but check this out - https://bedrock.substack.com/p/bedrock-ai-vs-activist-shorts
Does your model flag NKLA? Nikola Motors, ostensibly a fuel cell vehicle company, famously reported $36,000 in "solar revenue" (they got a contract to put solar panels on someone's house) while simultaneously having a market cap of over $4 billion. If so, can you comment on what your model considers red flags in Nikola's SEC filings? https://hindenburgresearch.com/nikola/ https://sec.report/Document/0001731289-20-000…
Yes, it did. BUT here's the thing -> Nikola was first a SPAC and by the time it filed its first filing as Nikola, the Hidenburg report was already out so its not a true example of our algorithms preceding short reports. Our algos did beat Hidenburg to the punch on a number of other companies though. A bit outdated but check this out - https://bedrock.substack.com/p/bedrock-ai-vs-activist-shorts
1. "For example, in September 2020, our founder and former executive chairman, Trevor R. Milton, stepped down from his positions with us."
2. "During the fourth quarter of 2020, the Company ceased operations related to the Powersports business unit in order to focus on the Company's primary mission of commercial production of semi-trucks and construction of hydrogen fueling stations."
3. "As of December 31, 2020, we have $46.3 million of prepaid in-kind advisory services remaining which is expected to be consumed in 2021 and will be recorded as research and development expense until we reach commercial production."
Earlier quoted context omitted.
Yes, it did. BUT here's the thing -> Nikola was first a SPAC and by the time it filed its first filing as Nikola, the Hidenburg report was already out so its not a true example of our algorithms preceding short reports. Our algos did beat Hidenburg to the punch on a number of other companies though. A bit outdated but check this out - https://bedrock.substack.com/p/bedrock-ai-vs-activist-shorts
Nikola red flags for you! (all algorithmic) 1. "For example, in September 2020, our founder and former executive chairman, Trevor R. Milton, stepped down from his positions with us." 2. "During the fourth quarter of 2020, the Company ceased operations related to the Powersports business unit in order to focus on the Company's primary mission of commercial production of semi-trucks and construction of hydrogen fueling…