Latest report, 25 September 2026
NASDAQ: ZTG
Zenta Group Company Limited (NASDAQ: ZTG) — Holder Risk Assessment
Thirteen days after completing a share-funded acquisition, the company disclosed that the acquired business has no customer orders and no contracted revenue — what that means for holders of Class A shares
- reports published
- 29reports published
- exchanges covered
- 14exchanges covered
- closed cases documented
- 19closed cases documented
- earliest record reviewed
- 2013earliest record reviewed
Where the filings and the economics disagree, we publish the record.
Black Stone Insights writes long-form investigations of listed issuers. We work from SEC and exchange filings, court dockets, corporate registries and primary sources, and we cite every claim so a reader can check it.
We also keep a library of closed cases and retrospectives from the forensic-short genre, because the patterns repeat. How we work
Recent reports
All 29 reports- ZTGNASDAQNASDAQ: ZTG
Zenta Group Company Limited (NASDAQ: ZTG) — Forensic Investigation Report
Nine Employees, Four Customers, One Supplier — And A +350% Melt-Up The Company Itself Couldn't Explain
HIGH RISK — AvoidCase study - ZTGNASDAQNASDAQ: ZTG
Zenta Group Company Limited (NASDAQ: ZTG) — Public-Record Due-Diligence Review
Financial Position, Corporate Governance, Capital Structure, Revenue Concentration, Related-Party Matters and Market Activity — Areas Requiring Further Due Diligence
Investor Attention Required — Areas requiring further due diligenceCase study 
NASDAQ: DLXYDelixy Holdings Ltd. (NASDAQ: DLXY) — Forensic Short Report
The IPO Funded An Exit, Not An Expansion. Dividends Out 4x What The Public Put In.
NOT RATED — Research case studyCase study
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Three years after Hindenburg, two years after OCCRP, eighteen months after the EDNY indictment — what the public record now shows.
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Sino-Forest Corporation (TSX: TRE)
The founding case of the modern China-short genre — fifteen years on.
SHORT — Closed CaseClosed case - BURNYSE / LSENYSE / LSE: BUR
Burford Capital (NYSE/LSE: BUR)
Six years on from Muddy Waters' mismarking thesis — what the Second Circuit's March 2026 reversal of the YPF judgment changes.
NEUTRALRetrospective