J Capital Research

Independent Insight Provider

J Capital Research, a U.S. company, publishes highly diligenced research reports on publicly traded companies, relying on deep, on-the-ground primary research. J Capital has particular expertise in the Chinese market, but we look at over-valued companies throughout the world. As an activist short- and long-research shop, when we form a clear view, we publish free, public reports to inform the investing public and never disguise our identity. We believe the internet has afforded an opportunity to small, unaffiliated investors to leapfrog the big banks, with their conflicts of interest, and obtain unbiased information on traded companies. We pride ourselves on our independence and the quality of our work. We hope the work speaks for itself.

Equity Bottom-Up

<ul><li>A drone company that primarily derives revenue growth based on high-priced, money-losing acquisitions funded by massive share dilution should not be celebrated as a great investment.</li><li>We believe Ondas is buying its way into military contracts for nosebleed prices and has no clear path to profit.</li><li>With a promotional management team that has been making big revenue promises for years without realizing them, Ondas, we think, is incinerating cash and value.</li></ul>

A drone company that primarily derives revenue growth based on high-priced, money-losing acquisitions funded by massive share dilution should not be celebrated as a great investment.We believe Ondas is buying its way into military contracts for nosebleed prices and has no clear path to profit.With a promotional management team that has been making big revenue promises for years without realizing them, Ondas, we think, is incinerating cash and value.

Ondas Inc (ONDS): Ondas Won’t Live Up to the Hype

Ondas Holdings Inc

Ondas Inc (ONDS): Ondas Won’t Live Up to the Hype