China Growth Stocks

[derek2000]

ONP - Muddy Waters

Brad, It is interesting that you mentioned that positive people only look into the numbers. Here are something else to consider:

- Muddy Waters was form in June, the same month as its first equity report.

- Muddy Waters' first report is to "expose" ONP as a fraud, AFTER the company turned down its offer to write a paid research - presumably a positive one. I found that there is a major ethic issue here and it casts major doubt in any of MW's claims.

- Rick Pearson and Eric Jackson both visited the same facility, and both came out with glowing assessments exactly opposite of MW. Rick was at the same place, at the same time as MW (very strange coincidence, or there was some kind of coordination between them.)

- MW's home office is an address in HK, and it is registered in NV, and its two person team lives in Mainland China and they operate totally separate business. While I am all for a highly mobile workforce, and the needs for virtual office, i could not help but thinking that MW's existence is created purely to commit security fraud. HK, being neither mainland, nor US, is a perfect place to hide if ONP choose to take legal actions.