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  "documentTitle": "Orient Paper Inc. (ONP)",
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  "authorName": "Carson Block and Sean Regan",
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  "presentationDate": "2010-07-02 00:00:00",
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  "notes": "The slide uses a Q&A format to highlight red flags in a potential investment.",
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      "text": "Mr. Yen generally did not know the answers to these questions because they are very China-side specific.",
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      "text": "How many square meters or feet would the factory be? What are you assuming is the cost per square meter or foot? Have the selected the contractor and how, or how did they intend to? What materials will you be building with? Will the machinery be domestic or imported?",
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      "text": "Q: If the margins on this business are so good, why is this company exiting the business? A: It's not exiting. It's relocating its business to Shandong province. Q: Why aren't they moving the equipment? A: It feels its better to buy new equipment in Shandong. Q: But presumably this is expensive equipment if ONP is paying around $13 million. How could buying new equipment be more sensible than transporting it? A: I don't know. Q: And ONP will be competing with them - right? Why would it make sense to buy new equipment when it's going to be creating a competitor by selling it the existing equipment?",
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      "text": "But my father asked me to keep an open mind and meet with him and Mr. Yen in Los Angeles... Mr. Yen stated that he felt compensation of approximately 20,000 shares would be appropriate.",
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      "text": "Mr. Yen generally did not know the answers to these questions... We then started to discuss the Shuang Xing asset acquisition... Some of the questions, his answers, and my thoughts are below:",
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      "text": "My father and I had lunch with Mr. Yen in November 2009... I tried to delve into the projected construction costs of the factory, asking questions including:",
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      "text": "My father of course had in mind that I would conduct the due diligence... I told my father that I was skeptical and that certain elements of the story sounded shaky.",
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      "text": "Q: If the margins on this business are so good, why is this company exiting the business? A: It's not exiting. It's relocating its business to Shandong province. Q: Why aren't they moving the equipment? A: It feels its better to buy new equipment in Shandong. Q: But presumably this is expensive equipment if ONP is paying around $13 million. How could buying new equipment be more sensible than transporting it? A: I don't know. — Narrator/Mr. Yen",
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