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Orient Paper, Inc. Message Board

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  • seasaw6499 seasaw6499 Jul 4, 2010 11:59 PM Flag

    Muddy Waters is Very Fraudulent

    When I see the attack on Muddy Waters, it reminds me of "You can fool some of the people all of the time" by David Einhorn, who was attacked for shorting Allied Capital, while they avoided responding to his allegations. Leaves one questioning whether ONP can rebut the allegations or whether they are true. The picture in Eric Jackson's article of the digital photo paper line didn't look like it could produce 22 tons in 10 days of trial production by March 30, 2010. This is the line that the company originally stating it only produced 2500 tons a year. Then, the company reported the line had started on March 10, 2010 in a trial production and had several orders the following week. Then, all of the sudden it produced 22 tons that they sold in 20 days? Forget about Muddy Waters, just look at ONP's website and their SEC filings. 37 top professionals in the R&D team with cutting edge technology and valuable intellectual property rights - yet ONP states they only paid the team 55k total in 2008 and 2009 and lists no patents or other intellectual property other than 1 trademark for their name.

 
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