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  "documentTitle": "Orient Paper Inc. (ONP)",
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  "authorName": "Carson Block and Sean Regan",
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      "text": "At no time did we, or the company for which we performed due diligence, make a proposal to ONP for compensated research.",
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      "text": "At no time did we, or the company for which we performed due diligence, make a proposal to ONP for compensated research. Nor did ONP reject a proposal from us, or from the company that engaged us to perform due diligence, for compensated research.",
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      "text": "When my father first spoke with me about ONP, I was skeptical. The amount of money it intended to raise to expand its paper factory seemed excessive. I told him to assume that construction expenses would be padded - the question was to what extent...",
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      "text": "In late 2009, my father developed an interest in China microcaps after attending a conference in Florida. It was there that he was first exposed to ONP. He explained his model to some ONP investors at the conference, and they thought that ONP would be a good fit for WAB.",
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      "text": "During this meeting, I did not ask all of my questions for two reasons. First, Rick, who was sitting next to the Chairman was effectively monopolizing him much of the time. The other reason is that I was surprisingly poor responses to my questions...",
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      "text": "My father, William Block, owns W.A.B. Capital LLC (\"WAB\"), which writes equity research that it distributes to institutional investors. In many cases, it takes management on road shows to meet with institutional investors. In 1999, WAB switched its model...",
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      "text": "I left CIBC World Markets in mid-1999 and went to work with my father at WAB. I worked there full-time for about two years until mid-2001. Since leaving WAB, I have consulted for it on five projects.",
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      "text": "That was a red flag to me. In my time in China, I've found out that people or things billed as \"different\" are usually too much \"the same.\" I thought that if the Boy Scout legend turned out to be untrue... it shows a deliberate attempt to game the American investor psyche.",
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      "text": "On Whether Our Report is a Vendetta for ONP Refusing to Pay us $300,000 for Research",
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