The screw
$3,210,115,689,615

Lost by 4,771 small companies that used warrants. Was some of it yours? ↓

We have read every annual report filed from 2001 to 2020 (160,803 reports, 7,058 companies). Still reading 2021–2026: 79.9% done, so the number grows every day. How it is counted

Where investors’ money went, 2001 to today

Lost their investors moneyAmount
Small companies (under $500 million)7,122 of 11,015$7.57 trillion
Big companies ($500 million and up)1,074 of 2,530$14.27 trillion
All companies combinedincludes banks and shell companies10,606 of 17,857$31.28 trillion

The common thread is warrants. Companies that used warrants lost their investors money 65% of the time. Companies that didn’t: 49%.

How we count: from each company’s own annual reports filed with the SEC since 2001: what its stock was worth when it first appeared, plus the money it raised selling stock and warrants, minus what is left today. A change in market value; nothing here says anyone did anything wrong.

Does your company use warrants? Check your ticker →

Getting screwed in the market?It’s in your company’s filings. We read them.

You can still win. If you we help you read.

Nothing found, nothing paid. See a report free →

What do you want to know?

—warrant filings this week
—letters to the SEC drawn here, — companies. Send yours →
—companies that said they may not continue

Warn me when it’s mine.

Free, always. Never published or sold.