SHUR IQ · Rugiet / VP03 The Diligence Flags · Rugiet — Due Diligence Diligence Read June 3, 2026 Interactive View →
VIEWPORT 03 / THE DILIGENCE FLAGS · CENTERPIECE

Eight material, specific, checkable issues a follow-on has to price.

These are the flags a further investment must answer — each one specific, each one checkable. We place them by severity, where the flag lands (the core product, the financials, or the subscription), and what it costs to confirm. Five are High, landing on the flagship and the valuation; three are Medium, real exposures that shape the risk. Hover the matrix or any card to read the finding, why it changes the decision, and what to verify next.

5
HIGHStrike the core product or the price
3
MEDIUMShape the risk and the retention read
8
TOTAL FLAGSEach with a verify step
3
WHERE THEY LANDProduct · financials · subscription
The severity matrix Severity (column) × where the flag lands (row) · click a flag to read it
WHAT TO LOOK FOR

The flags concentrate on the flagship and the top line. The differentiator rests on a molecule pulled from FDA review; the headline revenue does not reconcile with the company's size.

The High flags cluster on two surfaces. The core product: apomorphine, the headline differentiator, has no FDA-approved ED use and a withdrawn-product safety record; the arousal benefit is cited at a dose Rugiet does not disclose; the "clinically proven, 3x stronger" claim has no head-to-head study and sits in an active FTC/FDA enforcement lane the BlueChew letter already reached. The financials: company-asserted revenue above $100M does not reconcile with a 51–62-person headcount, and a reported $31M private-credit loan we read as ranking ahead of any new equity is the runway tell. The Medium flags — auto-renewal complaints against reopening FTC negative-option rules, and acquisition economics resting on bought traffic against one revenue line — shape the retention and unit-economics read. Every figure Rugiet supplies carries its company-asserted qualifier; the compounded, not-FDA-approved status of the core product is verified. None of these numbers belongs in a model as independent fact until the verify step closes.