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Waldo Mushman

Waldo Mushman
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  • China-Biotics: Shorts Found a Way to Cover [View article]
    Why do you dim bulbs always suspect that a poster uses multiple aliases. What possible value would it have? CCA's opinion is his. My opinion is mine and quite frequently far different. I am not anonymous and never have been. You can easily find my cell number, my e-mail address, my home address, pictures of sculpture in my back yard and links to several stories about me in addition to a federal lawsuit filed in NJ all "revealed" on the Yahoo board.

    Get over your infantile boogie man superstitions and try asking something relevant or more constructively, disprove something.

    John
    Aug 31, 2010. 10:15 AM | 2 Likes Like |Link to Comment
  • 12 Signs and 158 Reasons Investors Should Avoid Chinese RTO Stocks [View article]
    Nit picking twit.

    Every argument about these miserable stocks seems to be focused on your ability to string together some series of explanations that cast doubt on the article that is critical of your position.

    The Barron's article made three very large points which you want to waltz around.
    1. A large number of Chinese RTO's are the spawn of convicted fraudulent operators and their names and associations appear commonly throughout the segment.
    2. Much of the excuse to ignore the risks of investing in these flimsy constructs has been the promise of outsize returns. Barron's uses several examples to show that recent performance has been trailing the market.
    3. After detailing several examples of suspect companies, Barron's suggests that the sector is fraught with risk and investors should be very cautious.

    Your great contribution is to distort the theme of what Barron's publishes and suggest that they were writing about past performance results for several money management techniques. The story is not a review, it is a warning. These companies are frauds. If you have your money in these shares you are assuming inordinate risk and should carefully reexamine that decision.

    John
    Aug 31, 2010. 09:29 AM | 8 Likes Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    Actually it would be far better to require an IQ test to screen out mouth breathers such as you.

    John
    Aug 13, 2010. 12:09 AM | Likes Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    1. When a company spends three times as much on PR firms and road shows than they do on auditing it is transparently clear where the priorities lie.
    2. There is no financial crimes treaty between the US and China. A Chinese citizen could sell Ponzi type investments to US investors with total impunity. The SEC couldn't get a subpoena served in China if they had to.
    3. Don't believe anyone. Check it for yourself. Don't beleive me, don't believe CCA, don't believe Seasaw, but most importantly don't believe the people taking your money. Confirm everything through third party independent sources. The PR firm is not a source. Nor is the company.
    4. Short selling against a stock is a fundamental negative no different than analysts downgrades or loss of institutional support. It is clear shorts (including myself) are working against this stock. Ignoring everthing else; why stick around when there is the very clear intention to kick your long ass.

    John
    Aug 13, 2010. 12:07 AM | 2 Likes Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    At the risk of betraying a confidence I will tell you exactly why they backed off.

    Both partners have substantial assets in China. The counsel they hired enlightened them to the risks posed by Chinese law when making derrogatory comments about a company. Unlike in the US, freedom of speech is not a protected right. Based on advice of their attorneys they decided that it was not worth the risk to keep adding fuel to whatever fire might exist down the line.

    I don't have those restrictions or concerns so you can look forward to my continued attacks on this cur. I fully expect/hope CCA will be doing the same.

    John
    Aug 11, 2010. 02:09 PM | 3 Likes Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    The SEC is fully aware of who I am and I have spoken with them probably 20 times. They have my e-mail because we exchange e-mail on a fairly regular basis.

    You supposition that the SEC is concerned about Yahoo posts is childish and maybe a bit sad. The SEC is concerned about protecting the American public from the people who own the printing presses. New stock is printed and redistributed to the investing public. If that "currency" is fraudulently presented or promoted many people can be injured. Short attacks do not effect the underlying reality of a company. You blather about the short sellers doing harm. We are self interested but truth is our ally, not deception.

    John
    Aug 11, 2010. 12:34 PM | 3 Likes Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    You are a petty small minded toad. You continue your foolish personal attacks on anyone who speaks unkindly of your ugly little one and you remain oblivious to the fact set.

    If you think the supplier story is a lie, there are several competitors to Inter-Credit that would be happy to sell you some credit reports you can compare. Attorneys are readily available who will hot foot it down to the local SAIC and get you copies of whatever you need. Why don't you try that approach.

    Apparently supporting your hollow opinions is so much easier if you don't have to provide any substance. You are ignorant and lazy. The data that has been independently sourced about this company presents a very compelling story of fraud. Your support of their integrity is limited to the personal attacks you launch at every available target.

    Get constructive and stop being so pompously wrong. We already know your opinion, give us some third party documentation. If you need help contacting new sources I am sure I can provide you 2 or 3 sources I don't use.

    John
    Aug 11, 2010. 12:28 PM | 1 Like Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    Xushui Dongfang is the supplier. Many seem to be confused by ONP owning a holding company based in the BVI
    Dongfang Zhiye Holding Limited (BVI company)

    They are entirely different companies

    Chinese reg# on the supplier 70% owned by Liu is
    注册号码:130625000003910
    Aug 11, 2010. 03:20 AM | 1 Like Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    epaper.21cbh.com/html/...

    Maybe an apology might be in order.

    Maybe you ought to try to produce something substantive yourself. Huffing and puffing and using first names as if you have a clue doesn't cut it in the real world. If you are so sure that ONP is legit, prove it.
    Aug 11, 2010. 03:02 AM | 3 Likes Like |Link to Comment
  • Orient Paper's Top Supplier: An Empty Shell Owned by ONP's CEO [View article]
    Worth noting is that the Chinese government must license financial reporting agencies such as Inter-Credit which authorizes electronic access to summary filings made with the SAT. It is also worth noting that the second largest scrap supplier that ONP reports has annual sales in an amount less than what ONP claims to purchase from them. In other words one supplier is a total fiction and the second supplier is substantially a fiction.
    Aug 10, 2010. 11:48 AM | 4 Likes Like |Link to Comment
  • Orient Paper: Key Pieces of Evidence for Fraud [View article]
    Doug is a fat stupid PE teacher. If he bought or sold it should make absolutely no difference to anyone who walks upright.

    Your are painfully trying to hang some meaning to the actions of a meaningless person. Why don't you shut up about Doug and your personal interprtation of his motivations and talk about the stock.

    John
    Aug 2, 2010. 02:43 PM | 1 Like Like |Link to Comment
  • Where ONP is and will be: A Random Walk in Chinese Paper Industry [View instapost]
    It is unfortunate that more people won't appreciate the effort you have expended. Muddy Waters accusations struck so many people as being wrong because so much was out of context. The huge contribution you are making is to provide some necessary context.

    We immediately have the confirmation that ONP's denials based on the "wrong company" theory were lies. Your top twenty list and chinese character search strings provide vast opportunities to make rational comparisons. What amazes me is that the long position continues to have only the word of ONP to support their side of the debate. 2009 revenue claims by ONP are massively exaggerated and this company will drop back below 50 cents.

    John
    Jul 20, 2010. 09:12 AM | 1 Like Like |Link to Comment
  • Questions for China Marine Food Short Sellers [View article]
    The individual who sold Xianghe to CMFO was Qiu Shang Jing. I have a link to his ID card on Yahoo. 2 of the major original investors have very similar names and addresses which I have also posted on the Yahoo board. I am try to determine if the people or the addresses are related. The "looker" I normally employ is on vacation so I would love whatever help you might provide.

    John
    Jul 14, 2010. 09:00 AM | Likes Like |Link to Comment
  • Who's Really Been Selling China Marine Food Group Stock? [View article]
    You want to know who is selling? For one example I will raise my hand. I am selling this company short.

    You seem to want to pick nits about issues that may or may not prove the merit of the company. I come at the problem from a much different perspective. The very good Chinese companies don't need to come to the US to raise money. China exchanges offer much higher PE's and vast capital. So why are these companies in the US to begin with. The short answer is they stink up the joint and no one in China is stupid enough to float them.

    Of course many exceptions are out there but if you start with a suspicion of all of them it gets easier to find the really hairy ones. When numerous rational questions can be pointed at a company the odds start looking pretty good that it will blow up. If you haven't been paying attention the current body count of busted out Chinese companies is around 100. And counting. (Try the Rodman show presenters 2006 for a great display of floaters. or 7 or 8 or Roth.)

    All your gyrations trying to justify what they have done is very strange. They are crooks or they are stupid and neither is a Captain of Commerce I want driving my ship.

    How tough would it have been to add some extra bamboo extract to Bao Hao and tell Qiu to go home. Save 28mm and you have exactly the same market potential. So I conclude the acquisition is fraudulent or inept. You do remember that CMFO hired the ad agency that designed the can in July 2009. You do remember that CMFO had BOD members associated with Yellow Sea Institute and with distinguished product research credentials. You do remember that the Chairman has "profound knowledge" in the algae arena. But none of those items make you wonder why they needed Qiu who brought absolutely nothing unique to the table. (I can get my bartender to whip up an algae drink in a 1/2 hour and bottlers will fall over themselves offering to make it for me.)

    You are missing the forest for the trees. This is a lousy investment on any level and you do a diservice by overlooking the flaws.

    John
    Jul 13, 2010. 12:59 PM | 1 Like Like |Link to Comment
  • Questions for China Marine Food Short Sellers [View article]
    That doesn't sound like someone who is going to have friends check up on Qiu. That might not be something you want to learn.

    John
    Jul 12, 2010. 06:59 PM | Likes Like |Link to Comment
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