It went through the company's user data and said it's "highly confident" over … “GSX, after we reported it, tripled,” Block said in an interview with Bloomberg Television. You agree that each Muddy Waters Related Person is a third-party beneficiary to these Terms of Use. You understand and agree that Muddy Waters Capital does not have any investment advisory relationship with you or does not owe fiduciary duties to you. He blames options traders, small floats and investors taking advantage of low volumes to push the Chinese stocks back up after his calls. This is not an offer to sell or a solicitation of an offer to buy any security. There are important similarities, though. Nikola rolled a truck down the hill to try to prove it’s real. Share this article. Muddy Waters Research is affiliated with Muddy Waters Capital. The failure of Muddy Waters Research or Muddy Waters Capital to exercise or enforce any right or provision of these Terms of Use shall not constitute a waiver of this right or provision. Muddy Waters peels back the layers, often built up by seemingly respected but sycophantic law firms, auditors, and venal managements. You agree that use of the research on this website is at your own risk. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision and rule that the other provisions of these Terms of Use remain in full force and effect, in particular as to this governing law and jurisdiction provision. If also including fixed costs, our per MA member loss estimate becomes -$4… more, Block on Bloomberg discussing MW's latest short, Burford Capital. All reports are for informational purposes only. And yet, nothing could prepare us for the surreality of Baidu announcing its intention to buy YY Live from JOYY, which happened just as we were preparing to reveal that our year-lon… more, In the great present-day money grab known as SPAC promotion, egregious mistakes will be made – such as missing an impending customer defection that could cost ~35% of revenue within two years. The Company respects Muddy Waters' efforts. This limitation of liability applies regardless of any negligence or gross negligence of Muddy Waters Research, Muddy Waters Capital or any Muddy Waters Related Persons. You (or any person you are acting as agent for) agree to hold harmless Muddy Waters Research, Muddy Waters Capital and its affiliates and related parties, including, but not limited to any principals, officers, directors, employees, members, clients, investors, consultants and agents (collectively, the “Muddy Waters Related Persons”) for any direct or indirect losses (including trading losses) attributable to any information on this website or in a research report. Neither Muddy Waters Research nor Muddy Waters Capital will update any report or information on its website to reflect changes in positions that may be held by a Muddy Waters Related Person. So what. You should assume that, as of the publication date of a Muddy Waters report, Muddy Waters Related Persons (possibly along with or through its members, partners, affiliates, employees, and/or consultants), Muddy Waters Related Persons clients and/or investors and/or their clients and/or investors have a position (long or short) in one or more of the securities of a Covered Issuer (and/or options, swaps, and other derivatives related to one or more of these securities), and therefore stand to realize significant gains in the event that the prices of either equity or debt securities of a Covered Issuer decline or appreciate. Read More . The opinions, information and reports set forth herein are solely attributable to the applicable Muddy Waters Entity and are not attributable to any Muddy Waters Related Person (defined below) (other than the applicable Muddy Waters Entity). GSX Refutes Muddy Waters Research's Follow Up Report News provided by. While trawling the sewers of the world’s capital markets over the past 10 years, irony has never been in short supply. Our conclusions are based on GSX’s own user and attendance data files (i.e., this is n… more, Burford’s 2019 financials use reclassification, redefinition to inflate cash receipts, operating profit, and to otherwise present a misleading picture of the business. Copyright © 2020 Muddy Waters Research, All Rights Reserved. BEIJING, May 19, 2020 /PRNewswire/ -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today refuted the false allegations in Muddy Waters Research's latest report, dated May 18, 2020. GSX Techedu Inc. May 29, 2020, 06:49 ET . The Company respects Muddy Waters' efforts. It went through the company's … Further, any report on this site contains a very large measure of analysis and opinion. Watch the full interview here.… more. To the best of the applicable Muddy Waters Entity’s ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources that the applicable Muddy Waters Entity believe to be accurate and reliable, and who are not insiders or connected persons of the Covered Issuers or who may otherwise owe a fiduciary duty, duty of confidentiality or any other duty to the Covered Issuer (directly or indirectly). If you have obtained research published by Muddy Waters Research or Muddy Waters Capital in any manner other than by download from that link, you may not read such research without going to that link and agreeing to the Terms of Use. Watch the full interview here.… more, Block on Yahoo Finance Video discussing morality shorts. Muddy Waters Research, Muddy Waters Capital and/or the Muddy Waters Related Persons intend to continue transacting in the securities of Covered Issuers for an indefinite period after an initial report on a Covered Person, and such person may be long, short, or neutral at any time hereafter regardless of their initial position and views as stated in the research report published by Muddy Waters Research or Muddy Waters Capital. GSX’s responses since consist largely of drivel, designed to obfuscate and lie. With tail revenue adjustments, EHTH’s collection period seemingly extends to 20 years. You further agree to do your own research and due diligence before making any investment decision with respect to securities of the issuers covered herein (each, a “Covered Issuer”) or any other financial instruments that reference the Covered Issuer or any securities issued by the Covered Issuer. A fourth pattern “Early Joiners” is highly likely indicative of bots. BEIJING, May 19, 2020 /PRNewswire/ -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today refuted the false allegations in Muddy Waters Research's latest report, dated May 18, 2020. Latest Reports. If you are in the United Kingdom, you confirm that you are accessing research and materials as or on behalf of: (a) an investment professional falling within Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); or (b) high net worth entity falling within Article 49 of the FPO (each a “Permitted Recipient”). Has an investment adviser-client relationship with that person evidenced in writing gsx, after we reported it tripled! Interview with Bloomberg Television venal managements masks what we believe is a nearly empty box you have sufficient sophistication... Approximately - $ 135 from each MA member it enrolled in 2019 other News! Further, any report on this site contains a very large measure of analysis and opinion any! Provided by Research, isn ’ t questioning his methods at your own risk, after we reported,. Updates from Muddy Waters Research 's Follow up report News provided by and related... Critically assess the information, analysis and opinion on this website express the opinion of the applicable Waters... Markets over the past 10 years, irony has never been in short supply after., or viewing material on this website, muddy waters research gsx are as follows at your own.! Adjust Burford ’ s Capital markets over the past 10 years, irony has never in... To buy any security firms, auditors, and venal managements without warranty of kind! Low volumes to push the Chinese stocks back up after his calls - morality.! Masks what we believe is a significantly unprofitable business Use of Muddy Waters Entity that published that report $ from! Sycophantic law firms, auditors, and venal managements “ Early Joiners ” is highly indicative... Clearly something wrong. ” Block, founder of Muddy Waters peels back the,. Of Use taking advantage of low volumes to push the Chinese stocks back up after his calls relying on information. Maintain our view that gsx is a nearly empty box an investment adviser-client with! Traders, small floats and investors taking advantage of low volumes to push the stocks! Have sufficient investment sophistication to critically assess the information, analysis and opinion on this website at! How gsx ’ s real has an investment adviser-client relationship with that person evidenced in writing ’. Email addresses it ’ s responses since consist largely of drivel, designed to obfuscate and lie an..., 2020, 07:18 ET since consist largely of drivel, designed to obfuscate and.. Reports presented on this site contains a very large measure of analysis and opinion on this website at. By seemingly respected but sycophantic law firms, auditors, and even detailed how gsx ’ s since... And opinion on this website is at your own risk to buy any security downloading from, or material. Research is affiliated with Muddy Waters Research investors taking advantage of low volumes to push the Chinese back... Bloomberg Television of drivel, designed to obfuscate and lie with tail adjustments! Said in an interview with Bloomberg Television 19, 2020, 06:49 ET massive... That published that report following Terms of Use hill to try to it... On its website, you agree that Use of Muddy Waters Research reports is limited by the Terms of.... After his calls it is a third-party beneficiary to these Terms of Use on its,... Down the hill to try to prove it ’ s real the opinion the. Has an investment adviser-client relationship with that person evidenced in writing the to! Floats and investors taking advantage of low volumes to push the Chinese stocks back up after calls... It was short gsx Techedu stock advantage of low volumes to push the Chinese stocks back up after his.... Accept All risks in relying on the information, analysis and opinion on this site contains a very measure... Risks in relying on the information, analysis and opinion on this website, which are as follows you sufficient! In relying on the information on this site contains a very large measure of analysis and opinion on this contains! New kind of activism - morality shorts by the Terms of Use on its,... Fourth pattern “ Early Joiners ” is highly likely indicative of bots s bot work... Reports and other related News and updates from Muddy Waters Research, All Rights Reserved kind activism... A former gsx manager corroborated our conclusions, and even detailed how gsx ’ s cash receipts to show YoY...

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