Disclosure
Last updated: 12 July 2025
The Shareholder Report independently initiates coverage of companies without any influence other than D4 being a shareholder of the company. It is NOT paid or compensated to initiate coverage of a company.
Once a company has been profiled for an extended period of time, T$R is open to accepting compensation for services as well as sponsorships for advertising.
Although everyone associated with The Shareholder Report are investors and not traders, they can buy or sell shares of the companies at any time with no prior notice.
Sponsorship Info
If T$R accepts a sponsorship from a company that it independently initiated coverage on, the terms of the sponsorship are as follows (sponsorship automatically applies to any profiled company that compensates T$R for a duration of 1 month per service rendered):
- Sponsorship is only available to companies that have been actively profiled by T$R for an extended period of time (i.e. a company that T$R independently chose to profile without any influence or compensation)
- The logo of the company & the link to its corporate website will be advertised on T$R’s membership website
- The company’s dedicated research page will be readily available for all visitors (no membership required)
- Sponsorship does not include the creation of any content
- If any content on the company is created, it will not change how T$R does business.
- T$R creates content independently
- T$R has the freedom to create content when it chooses to do so
- T$R does not coordinate content with the company
- T$R’s content is not reviewed or screened for approval by the company prior to being released
- T$R’s views, opinions & content do not necessarily reflect the opinions or views of the company being discussed
- All content created while being sponsored will be clearly marked at the top of each article or report with the following:
- “CONTENT CREATED WHILE BEING SPONSORED (COMPENSATED) BY (insert company) FROM (insert dates)”
- For specific details on a sponsorship, refer to the applicable company in the disclosure section found at the bottom of the content’s page or the disclosure page found under the website info tab
- If a profiled company compensates T$R for anything it has done, it will be deemed a sponsor for a certain amount of time determined by T$R
Company Disclosures
The company disclosures include both The Shareholder Report (T$R) as a business and the personal actions (non-T$R related) of D4, the founder of T$R, as an independent shareholder.
Doubleview Gold
D4 is biased, as both he and his spouse, who is not affiliated with T$R, are shareholders of Doubleview Gold. T$R independently initiated coverage of Doubleview Gold on June 14, 2020.
Compensation & Sponsorship: None
Financing Participation: None
Promotional Items Received: July 2020 – D4, as well as his spouse both received a promotional baseball hat from Doubleview Gold. The company publicly announced that any shareholder could receive a company hat for free and it was available to any shareholder upon request.
ESGold
D4 (T$R founder) is biased, as both he and his spouse, who is not affiliated with T$R, as well as T$R are shareholders of ESGold. T$R independently initiated coverage of ESGold on February 01, 2022.
Compensation & Sponsorship:
August 2024 – After the release of the report on ESGold on July 02, 2024, the company (ESGold) offered to compensate T$R for the article and consequently, T$R featured it as a sponsor from August 01-31, 2024. On August 23, 2024 and, in lieu of cash, T$R received 250,000 shares of ESGold from Computershare (DRS). After the regulatory four month holding period, T$R intends to hold the shares for investment purposes. Due to T$R’s extensive coverage of ESGold, the company has expressed a desire to compensate T$R for the creation of more content in the future.
October 2024 – On October 28, 2024, D4 received finders fees totaling C$19,000 and then received 195,121 warrants, which have an exercise price of C$0.15 and expire on September 27, 2025, as a result of the financing that closed on September 30, 2024. After the regulatory four month holding period, D4 intends to hold the shares for investment purposes. D4 is responsible for finding C$243,901 of the total financing of C$610,901, representing approximately 40% of the total raised. hyperlink
March 2025 – On March 01, 2025, T$R billed ESGold for services rendered for the creation of two reports. To preserve some degree of independence aside from payment, ESGold did not contribute any ideas on the topic or substance. ESGold was only entitled to view the reports after they had been publicly released. On March 14, 2025, T$R received the payment of C$50,000.
April 2025 – On April 17, 2025, and April 21, 2025, respectively, D4 received finders fees of C$99,534.60 and US$12,600; subsequently, he received a total of 568,000 warrants that have an exercise price of C$0.30 and expire on April 11, 2027, due to the financing that closed on April 16, 2025. After the regulatory four month holding period, D4 intends to hold the shares for investment purposes. D4 is responsible for finding US$1,065,000 (~C$1,526,500) of the total financing of C$3,453,940.38, representing approximately 44.2% of the total raised. hyperlink
July 2025 – On July 07, 2025, D4 received finders fees of C$28,995.37 and then received 39,720 warrants that have an exercise price of C$0.91 and expire on December 25, 2025, due to the financing that closed on June 23, 2025. After the regulatory four month holding period, D4 intends to hold the shares for investment purposes. D4 is responsible for finding C$362,442.12 of the total financing of C$3,315,547, representing approximately 10.9% of the total raised. hyperlink
Financing Participation:
July 2022 – D4 participated in a financing but the warrants expired without being exercised.
April 2025 – D4 participated in the financing that closed on April 16. The associated warrants have an exercise price of C$0.30 and expire on April 11, 2027.
June 2025 – D4 participated in the financing that closed on June 25. The associated warrants have an exercise price of C$0.91 and expire on December 25, 2025.
Promotional Items Received: July 2022 – D4 received a free promotional baseball hat from ESGold. ESGold was giving away free hats and T-shirts to people that wanted them (D4 didn’t receive a T-shirt as they had already ran out of them).
Links of Interest
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