I'm not an attorney, but I'd welcome some comments from any shareholders with legal experience. Somewhere in MW's 81 page report has to be a legal disclaimer, and reference to his report being based on opinion, supported by what he believes are substantive facts. In no way does this mean his accusations are indeed facts, it's his legal opinion.
I think traders need to understand this point. Again, MW's style is to blindside the market, because the market shoots first, and asks questions later. No one had time to read the 81 page report, nor hear NQ's CC response Thursday afternoon. A short seller report released midday during market hours is deliberately designed to crush the stock, whether the report is accurate or not. And because of the legal disclaimer I mentioned above, his attorneys have probably shielded him from litigation.
As an attorney MW research is extensive as it was with Sino. Sino was a fraud if you can track the deposit like MW is doing there is a lot to be skeptical about. I suggest get out of this loser and place some puts it will be bankrupt in the next 6 to 10 months.