Muddy Waters macht sich wohl langsam lächerlich. Bei Spreadtrum
haben Sie sich jetzt wohl total vergaloppiert mit ihren Anschuldigungen.
Gestern und heute legt Spreadtrum schon zusammen wieder 40% zu.
Man wird wohl bei Muddy Waters nervös das die Rufmord Geschichten nicht mehr funktionieren.
Na da tritt man wohl noch mal bei Sino wieder nach.
Ohne Partei ergreifen zu wollen ,aber bei Muddy Waters ist was ganz gewaltig faul.
Das Interview ist sehr interessant- Wer so nach tritt nach Sino da steckt wohl mehr dahinter.
Die Prüfung läuft doch, wie so wird Muddy Waters so unruhig, wenn ihre Beweise gegen Sino so angeblich
Muddy Waters’ Block Says He’s Still Betting Against Sino-Forest’s Shares
By Erik Schatzker and Nikolaj Gammeltoft - Jun 30, 2011 6:24 PM GMT+0200
Muddy Waters' Block Still Shorting Sino-Forest
June 30 (Bloomberg) -- Carson Block, the short seller who runs Muddy Waters LLC, talks about his bet that shares of Sino-Forest Corp. will continue their retreat. Block, speaking with Erik Schatzker on Bloomberg Television's "InBusiness With Margaret Brennan," also discusses his letter to Spreadtrum Communications Inc. Chairman Leo Li highlighting accounting concerns. (Source: Bloomberg)
Carson Block, the short seller who runs Muddy Waters LLC, said he’s betting shares of Sino-Forest Corp. (TRE) will continue their retreat.
“I’m just as certain today that the company is a fraud and that the stock is a zero as I was on the day that we published,” Block said today in an interview with Erik Schatzker on Bloomberg Television.
Sino-Forest, the Hong Kong-based tree-plantation operator, has tumbled 85 percent to C$2.67 in Canada since Muddy Waters said June 2 it overstated timber holdings. Six North American companies that he’s targeted since June 2010 have lost about $5 billion in market value following his reports questioning their accounting, according to data compiled by Bloomberg.
Inconsistencies have been found in the valuation of Sino- Forest’s holdings in China’s Yunnan province, Canada’s Globe and Mail said June 18, citing Chinese government officials and forestry experts it didn’t identify. The newspaper’s report was an “incorrect portrayal” of the company’s business, Sino- Forest said in a statement.
Paulson & Co. sold all its stock in the company, according to a June 20 regulatory filing. John Paulson’s New York-based hedge fund, which made $15 billion in 2007 wagering against subprime mortgages, had been Sino-Forest’s biggest shareholder.
Spreadtrum Communications Inc. (SPRD), the Chinese chip designer questioned this week by Muddy Waters about its accounting, said yesterday that Block’s letter to Chairman, Chief Executive Officer and President Leo Li highlighting accounting concerns is groundless. Spreadtrum plunged as much as 34 percent on June 28, the day Block released his report, before recovering to end the trading session with a 3.5 percent slump.
Block said his intention in publishing the Spreadtrum letter was to protect investors by improving transparency and not to push the stock down. He said on June 28 that he’s shorting the stock and stands to gain if the price declines.
“I like to point out the issues and start a dialogue and get people thinking about these red flags before we come out with a report that sends the stock down,” Block said today. “I’m getting uncomfortable actually with this idea that, you know, we’re ninja assassins that are going to take the stock price down.”