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  "documentTitle": "Orient Paper Inc. (ONP)",
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  "authorName": "Muddy Waters, LLC",
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  "presentationDate": "2010-07-22 00:00:00",
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      "text": "According to a tax bureau insider, the AIC financials ONP provided to investors in response to Muddy Waters LLC’s allegations overstate HBOP’s profit and taxes paid by close to 400%.",
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      "text": "\"Many\" paper industry experts told the reporter that ONP's claimed inventory turnover is well above what is usual.",
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      "text": "Chairman Liu's response to the reporter's information about HBOP having overstated its profits and taxes per the tax bureau's information was to disclose that HBOP has a Beijing subsidiary that has agreements with other companies to receive revenue.",
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      "text": "HBOP's largest supplier, Dongfang Trading Co. Ltd., is a shell company that has virtually no recorded revenue the past two years.",
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      "text": "As of the time of publication, 90.7% of respondents to an online poll conducted by Sina.com. (Nasdaq: SINA) believe that ONP is committing fraud.",
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