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  "documentTitle": "Focus Media Holding Ltd. (FMCN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2011-11-21 00:00:00",
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  "notes": "The slide uses a 'spot the difference' approach to expose potential financial reporting manipulation or errors.",
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      "text": "The above shows that either FMCN's counsel made a curious error in the 2009 20-F, or FMCN employed a memory hole trick to try to change history.",
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      "text": "On February 11, 2009, Ying Ping, a PRC citizen, filed an arbitration application in Beijing with China International Economic and Trade Arbitration Commission (“CIETAC”) against the Group, requesting the Group, (i) to continue to perform a Share Purchase Agreement, dated as of March 20, 2007, between Ying Ping and us; (ii) to pay a share purchase price in the amount of RMB106.56 million and accrued interests thereof; and (iii) to bear their legal counsel fee in the amount of RMB 2.3 million and other relevant arbitration costs.",
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      "text": "The above shows that either FMCN’s counsel made a curious error in the 2009 20-F, or FMCN employed a memory hole trick to try to change history.",
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      "text": "On February 11, 2008, Ying Ping, a PRC citizen, filed an arbitration application in Beijing with China International Economic and Trade Arbitration Commission (“CIETAC”) against us, requesting us, (i) to continue to perform a Share Purchase Agreement, dated as of March 20, 2008, between Ying Ping and the Company; (ii) to pay an overdue share purchase price in the amount of $15.6 million and accrued interests thereof; and (iii) to bear their legal counsel fee in the amount of $0.3 million and other relevant arbitration costs.",
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      "text": "There is a very subtle but critical difference between the descriptions of this arbitration proceeding in the 2008 and 2009 20-Fs. The wording of each is shown below with differences underlined.",
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