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CloudyThunder Research is Going to Issue a Short Report against a Blatant Fraud listed in Hong Kong

Updated: May 23

Following months of comprehensive due diligence including over 70 interviews with industry experts, and over 1,000 hours spent in analyzing publicly available information, we are ready to issue our first report.

Our due diligence revealed that the subject company is a massive fraud. In our opinion, it has overstated a large portion of its profits in the past three years. These fake profits manifests on balance sheet as fake cash, fake prepayment, fake inventory balance and creatively, fake dividends - dividends that never went to the pocket of public investors.

This company borrows large amounts of money from creditors while maintaining a fat cash position. The average interest rate it earns on its cash and short-term investment is lower than the borrowing cost.

Undisclosed related party transactions have been going on in a massive scale to potentially support the company's illusory profitability and siphon out creditors' cash.

We believe the equity of the company will be worthless.

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The research and reports on this website reflect the opinions of Cloudy Thunder Research, and we have based our opinions on facts and evidence collected from public sources that we believe to be accurate and reliable, or from sources whom we believe are not insiders to the companies mentioned herein. At any time, you should presume that the principals of Cloudy Thunder Research and/or Cloudy Thunder Research clients and/or investors hold trading positions in the securities covered on the site and therefore stands to realize significant gains in the event that the price of the stocks covered herein rises or declines in conjunction with our opinion. We are certainly NOT in business of making investment recommendations. Read and use our reports at your own risk, and most important of all, DO YOUR OWN RESEARCH.

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