1) The start of the transcript(which could be made up by anyone)states "they are from an investment firm on Wall Street....". If you go to Muddy Waters only listed US address(on their Website)their only US address in a farm grain complex in NV. If they lie in sentence one how can you believe anything they say. 2)there is no effort to answer their other assertions which the comp. proved false.
Since when does sales people ever disclose orders of another customer? The standard response is usually "We cannot talk about another customer's orders", that information is typically confidential. The entire thing looks more and more fabricated.
As an American who has been doing business in and out of China for the last 15 years, I'd be very skeptical about most Chinese Financial Reportings. The 52 weeks low was about $1.50. At the current price, I believe the downside is far greater. Also, years ago, I was in the waste/recycling paper business selling to Chinese, the margin was quite lean and progressively leaner as the years went by; it is hard to imagine that a paper company can be so profitable. Buyers Beware!!
Are you suggesting it could go back to $1.5? That means you don't believe their balance sheet has 60 million equity. It's very easy to find out, just look at their machines, contact the deliverers and ask how much they paid for it.