𝟮𝗖𝗥𝗦𝗶: 𝗦𝗵𝗮𝗿𝗽 𝗗𝗲𝗰𝗹𝗶𝗻𝗲, 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗦𝘂𝘀𝗽𝗲𝗻𝘀𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗻 𝗢𝘂𝗿 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗝𝘂𝗻𝗲 𝟭𝟴, 𝟮𝟬𝟮𝟲 French technology company 2CRSi fell by more than 40% before its shares were suspended from trading following the publication of a report by short seller Grizzly Research. Among the key points raised in the report, Grizzly claims to have identified the customer behind the previously announced $ 610 million contract, as well as the more recent $ 290 million purchase order. According to their findings, the customer is New York GreenCloud (NYGC), a company that was reportedly incorporated on the very same day that 2CRSi announced the contract. The report also highlights that 2CRSi's CEO is listed as a "Co-Founder" in NYGC's fundraising presentation and that NYGC's website was allegedly developed and hosted by 2CRSi's IT department. I encourage everyone to read the full report and form their own opinion: https://grizzlyreports.com/2crsi/ At the same time, several positions in our portfolio delivered strong performances today, including Micron (+8%) and Siemens (+5%). Nevertheless, the situation surrounding 2CRSi is likely to have a significant negative impact on the portfolio's short-term performance. Investing inevitably involves mistakes, unexpected events, and risks. While this development is clearly disappointing, it does not change our long-term approach of identifying high-quality businesses with strong growth potential. I remain fully committed to researching and selecting serious investment opportunities that can create value over time. Thank you all for your continued trust and support. $NSDQ100 $SPX500 $AL2SI.PA ⚠️ Risk Warning: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘢 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘷𝘪𝘦𝘸, 𝘯𝘰𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘩𝘦𝘵𝘩𝘦𝘳 𝘺𝘰𝘶 𝘤𝘩𝘰𝘰𝘴𝘦 𝘵𝘰 𝘢𝘤𝘵 𝘰𝘯 𝘪𝘵 𝘰𝘳 𝘯𝘰𝘵 𝘪𝘴 𝘦𝘯𝘵𝘪𝘳𝘦𝘭𝘺 𝘶𝘱 𝘵𝘰 𝘺𝘰𝘶. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.