CEU - I'm not saying it's a screaming buy, if the pre-scandal value was 4.50, then there is still plenty of downside.
As for the school, how do we know that the building wasn't being cleaned, and that the chairs and desks weren't being stored in a separate location that Kerrisdale never found or showed us?
The building alone is not an airtight fraud case. If I went into a middle school during spring break, in which they are renovating or cleaning, what are the odds that the desks and chairs will be out of the rooms? Decent.
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