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  "documentTitle": "New Oriental Education & Technology Group (EDU)",
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  "authorName": "Carson Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2012-07-18 00:00:00",
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  "notes": "The slide uses a highly unconventional, provocative tone, blending financial analysis with pop culture references to allege potential obfuscation of share ownership.",
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      "text": "What does chairman Michael Yu have in common with Mannie Fresh? They both got everything in they momma name.",
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      "text": "Signature of Li Ba Mei on Form 144",
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      "text": "We are not saying that Michael Yu is the most repugnant company chairman we have ever seen. He is far from it. We respect that he built a network of stores that have delivered a useful service to millions of customers, albeit while lying to attract the capital to do so.",
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      "text": "Given that EDU is collecting sizable upfront fees from franchisees and obviously consolidating the franchises to some extent, EDU clearly has even more of an opportunity to game its cash confirmation process. At the same time, it is underpaying for its audit.",
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      "text": "What does chairman Michael Yu have in common with Mannie Fresh? They both got everything in they momma name. In the FY2011 20-F, it states that Michael Yu's 26.4 million shares are owned by a BVI company in turn owned by his mother, called Tigerstep Developments Ltd.",
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      "text": "Got everything in my momma name But I'm hood rich la da daa da daa da",
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      "text": "Hood Rich Mike",
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