Jehoshaphat Research is Short Toro (TTC)

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We are fraud-busters. We force management teams to answer to their shareholders by exposing deceptive accounting and other improper corporate practices.

Forensic Accounting
and Fundamental

We use forensic accounting, fundamental analysis, big data, and topical expert resources to develop our short ideas.

Driving Corporate

Our research has been recognized by the investor community and regulatory bodies. Our reports have preceded numerous corporate financial restatements, filing delays, management and Board resignations, and shareholder lawsuits.


  • Restated financials for multiple years due to material errors in reporting
  • Failed to file quarterly and annual reports on time due to emerging accounting problems
  • Received Nasdaq delisting notification as stock price remained below $1.00


  • Dramatically expanded its organic growth disclosures in its first quarterly filing following our research report, clarifying that negative organic growth was occurring
  • CEO resigned
  • Chief Accounting Officer resigned
  • General Counsel resigned
  • In shareholder lawsuit that followed our report, judge stated “AdaptHealth did not explain that this [organic revenue growth reporting] was a change from its prior revenue reporting”


  • Failed to file annual report on time due to accounting problems
  • CFO departure, COO resigned, and founder resigned from Board
  • Financial restatement included acknowledgment of having improperly capitalized costs that should have been expensed as incurred

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& Commentary

Management teams, investors, and the press react to our research.

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We invest months and sometimes years uncovering corporations’ financial misdeeds. This includes in-depth reviews both of what companies publish and what is obscured.

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Our research is available free of charge to the public. We publish our research on this website and share additional insights on our Twitter page.

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At Jehoshaphat Research, forensic accountants, criminal investigators, journalists, lawyers, and investment professionals join together to learn from each other and uncover the truth.

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