Billionaire Boys Club Member Forum (BBCMF)

[mick]

Fast forward two months, mix in a splash of cream, two sugars and a global pandemic, and it turns out the report was correct. Jian and a few of his Liu-tenants were found to be participating in acts of misconduct, including fabricating sales. Let’s just say, things must have been pretty awkward yesterday when the company announced findings.


The bottom line...


Muddy Waters CEO Carson Block hates to say he told you so... but he told you so. Block caught a ton of flak on Twitter for posting about his position and bringing the accounting scandal to light.


While taking his victory lap, Block was sure to point out that this is a perfect example of why the market needs short-sellers, and the risks of listing Chinese based companies on US exchanges.