IT Tech Packaging Inc (ITP)

[10atious]

Get ready for some REAL ACTION soon:

For those who don't know already Muddy Water's practically destroyed ONP's PPS last year with false statements! Looks like Muddy Water's picked on the wrong stock this time SNOFF. Several Analysts have come to their defense, while one in particular mentioned ONP.

http://business.financialpost.com/2011/06/07/muddy-waters-sino-forest-research-pile-of-crap-dundee/

From this article:

Furthermore, Mr. Kelertas claimed that this isn’t the first time that Muddy Waters has acted dubiously. He said a researcher with the short seller told management at Orient Paper Corp., the first Chinese company targeted by the short seller back in 2010, that he would write a research report for them in return for US$300,000. Mr. Kelertas said Orient Paper declined the offer and two months later, Muddy Waters issued their initial report calling the company a fraud.

Mr. Kelertas pointed out that since then, Orient Paper has refuted every single claim, while Deloitte & Touche, hired as independent auditors found Muddy Waters guilty of using false information.