OTCPK:TOUBF - Post by User
Comment by
steeplechaseon Jun 04, 2011 3:00pm
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Post# 18671925
RE: RE: Yuck Yuck Yuck!
RE: RE: Yuck Yuck Yuck!
I totally agree. Here is the "aftermath" of their report on ONP. How unprofessional can you get, and still move the market?
Muddy Waters Ends Its Battle of No Validity
On August 6th, 2010 Muddy Waters made a drastic change. if you go to muddywatersresearch.com, everything in regards to ONP has been completely taken off as if nothing has ever happened. Their initial report that caused the dramatic drop in ONP's stock price, their rebuttals to ONP, and everything is gone in regards to ONP on their website. Regardless if a research company is moving on from a specific company, valid and legitimate research would still be posted on the site as a research report and any information would still be on there. Everything is gone and it shows Muddy Waters lack of professionalism and how seriously they should have been taken from the beginning due to the lack of evidence, reputation, credibility, and credentials. They have gotten rid of all of their contact info and bios besides one email address. Here is what they state under research:
Muddy Waters, LLC Moving On
Barring any unforeseen events, Muddy Waters, LLC is “moving on” from our work on ONP. We are focusing on confidential contract research for institutional investors, and on advising investment committees on their China investments.
Although more could be written on ONP, we do not expect to publish additional research on it (barring any unforeseen circumstances). Given that the internal investigation is underway and other researchers are now focused on ONP, Muddy Waters’ resources are best directed elsewhere.