Remark Holdings' Improbable AI Claims

Remark Holdings (MARK) is what one would call a contested company. It has long supporters with strong conviction, but there has also been some kind of a short drive, and the present short count is almost 16% of the nearly 25M float. That short count is far from the highest we've seen, a company like Applied Optoelectronics (AAOI) still has 78% of the float shorted (at least according to the latest figures) but it seems to have done major damage already. Who to believe, the conviction longs or the shorts who put out a troubling report. Questions like these are very difficult to solve, especially if you're not a forensic accountant. Since we're no forensic accountants ourselves, we'll try to gather some stylized facts and see what these add up to, and whether there is some chance for the longs to recoup some of their losses. This company was one of two highest conviction longs for SA contributor Yale Bock, who is the President of Y H & C Investments (see here).