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Campaigns / Grizzly Research → Intelligent Systems Corp
Grizzly Research vs. Intelligent Systems Corp

Intelligent Systems Corp · INS

1 deck published between 2019-05-30 and 2019-05-30 — 27 pages, 26 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2019-05-30 initial thesis

    2025 11 INS

    27pp · research_note

    Grizzly argues INS's sudden 2018 revenue surge is a round-trip scheme via undisclosed related-party shells in India run by employees; fair value is ~$5, 85% below $34.