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  "documentTitle": "NQ Mobile (NQ)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "notes": "This is a page from a shareholder letter/open letter. It functions as a formal demand for transparency and oversight.",
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      "text": "Should the independent committee accept our offer, investors will greatly benefit by having reasonable transparency into a process that is critical to protecting their interests.",
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      "text": "Conditions for the independent committee investigation, including access to reports, working papers, primary sources, and private discussions with advisors.",
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      "text": "Part II: The Troubling History of China Companies' Independent Committees. Case study of Sino-Forest's failed investigation and subsequent bankruptcy.",
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      "text": "Muddy Waters' offer to publish the evaluation report, including expiration terms and contact information.",
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      "text": "\"[Sino-Forest] can categorically say Sino-Forest is not the ‘near total fraud’ and ‘Ponzi scheme’ as alleged by Muddy Waters...Far from being a ‘near total fraud’ and ‘Ponzi scheme’ as alleged by Muddy Waters, Sino-Forest is a real company, with real assets and real revenue.\" — Sino-Forest Independent Committee Report",
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      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
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