It is disheartening that an unknown outfit with probably unsubstantiated allegation can move the stock price so dramatically. The FUD (fear, uncertainty, and doubt) factors overwhelm the common senses in a irrational market.
SEC should definitely step in with an official investigation in this case. Either a security fraud is committed by ONP or there is an illegal manipulation by Muddy Waters (and its backer in street.com.)
Note - I do not own ONP, although I traded it extensively last year.
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