VerticalScope: Undervalued, We Keep Buying

Company Overview - VerticalScope (FORA:CA) operates over a thousand online enthusiast communities through its cloud-based digital platform [1] - The company has experienced high stock volatility since its IPO in 2021, primarily due to its dependence on the advertising market [1] Investment Highlights - ADTH has gained over 250% in 9 months, with a first "Buy" covering at $1.24 in September 2023 and an acquisition price of $3.21 per share in June 2024 [1] - LUMN has seen a gain of over 450% in 13 months, with a first "Buy" covering at $1.39 in September 2023 and a downgrade after selling at $6.08 in October 2024 [1] - EB has increased by over 60% in 14 months, with a "Buy" covering at $2.79 in October 2024 and an acquisition price of $4.50 per share in December 2025 [1] - SMRT has gained around 100% in 10 months, with a first "Buy" covering at $1.51 in February 2025 and a position trimming noted in December 2024 at over $2 [1]