Bonitas Research was founded by Matthew Wiechert, founder of Glaucus Research. The Latin word “Bonitas” is defined as goodness, integrity, moral excellence, kindness, benevolence, and tenderness. At Bonitas Research, we try to identify and expose fraudulent activity contrary to this moral compass used to enrich insiders at the expense of public investors, which we believe ultimately makes the world a better place.
We believe in bridled capitalism guided by a rules-based system that does not allow those in positions of financial power to benefit from deceitful and unfair play. We have great respect for and faith in the capital markets, its exchanges, regulators and fair-play market participants which provides global economies with growth capital and opportunities for financial gain. For those that disregard the rules and seek to profit by lying to investors, we are looking for you.
Using exclusively publicly available evidence we try to understand how deceitful global market participants perpetrate frauds against unsuspecting investors for their own self interests. Our standard research process often exceeds hundreds of hours of analytical work for each published idea starting with a quantitative screen followed by forensic analysis and review of a company’s public disclosures. Commonalities among our ideas include significant financial performance discrepancies between what the market pays today versus what we believe is the actual value of the Company’s operations. We are most interested in white collar theft, ideas where the Company’s reported financials have been artificially inflated to attract capital from third parties that ultimately exited the public company by management lying about details of dubious transactions that fill the pockets of insiders with assets and saddle unsuspecting minority shareholders with overbearing liabilities.