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  "documentTitle": "Orient Paper Inc. (ONP)",
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  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2010-06-28 00:00:00",
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  "notes": "This appears to be a disclosure or methodology note from a short-seller report (Muddy Waters, LLC).",
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      "text": "If our observation is correct, it would mean that no pulp was actually running into the machine; rather, the machine was merely looping finished product.",
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      "text": "Muddy Waters, LLC                                     ONP June 28, 2010                                     Page 30 of 30",
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      "text": "Following our site visit, we bolstered our research in a number of ways, including by searching public records, conducting online research in Chinese, consulting with an industry expert, obtaining quotations and specifications on manufacturing equipment, obtaining quotations on product from HBOP itself, and speaking with purported customers of ONP.",
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      "text": "Chairman Liu explained that the machine had just restarted after a production snag, thus it was running at a slower speed than usual. As we walked along the line, we believe we saw that the drive gears at the input end of the production line were not connected by any belts. If our observation is correct, it would mean that no pulp was actually running into the machine; rather, the machine was merely looping finished product. However, because we were rushed through the building, we could not corroborate what we think we observed.",
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