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  "docSlug": "2d65bb084b06",
  "documentTitle": "China MediaExpress Holdings (CCME)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2011-03-02 00:00:00",
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  "pageNumber": 29,
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  "notes": "The slide uses a comparison of two tables to demonstrate that the Muddy Waters data does not match the company's internal records.",
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      "text": "The spread sheets linked to the Muddy Waters “report” clearly have significant discrepancies from the Company’s actual advertising kit, as the following charts indicate:",
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      "text": "an individual unknown to us (based on a review of the pdf document’s properties section, the name of the author does not appear to be a name of any of our Chinese staff), and most importantly (d) do not have the same information as the spread sheets that are included in our advertising kit. We obviously do not know where Muddy Waters sourced this information, but what we do know is that, contrary to what Muddy Waters said in its “report,” the information is not the same as our advertising kit.",
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      "text": "The spread sheets linked to the Muddy Waters “report” clearly have significant discrepancies from the Company’s actual advertising kit, as the following charts indicate:",
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      "kind": "paragraph",
      "text": "Moreover, the numbers reported by Muddy Waters are entirely different from those appearing in our advertising kit. We have tried to figure out how and why Muddy Waters could have gotten it so wrong, but of course we do not know what they did. We have some theories, but the reality is that it is wrong, dramatically so.",
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      "text": "The spread sheets linked to the Muddy Waters “report” clearly have significant discrepancies from the Company’s actual advertising kit, as the following charts indicate: — China MediaExpress Holdings",
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      "text": "Spread sheet from the Company’s official advertising kit",
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      "text": "Muddy Waters' spreadsheet: Bus Route Information from CCME Media Kit",
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