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  "documentTitle": "Noble Group (NOBL)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2015-04-09 00:00:00",
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  "notes": "The slide critiques the management's deflection strategy regarding legal action against a suspected whistleblower.",
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      "kind": "callout",
      "text": "Analysis: Citing regulatory reasons, Mr. Alireza refuses to explain why Noble believes that an ex-employee wrote the Iceberg report. Rather than provide a substantive rationale for not taking legal action against the suspected author of the report, Mr. Alireza simply provides a series of convincing statements that are designed to convince investors that the allegations levied in the Iceberg report are attributable to a disgruntled ex-employee, and therefore have no merit.",
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      "kind": "callout",
      "text": "Mr. Alireza simply provides a series of convincing statements that are designed to convince investors that the allegations levied in the Iceberg report are attributable to a disgruntled ex-employee, and therefore have no merit.",
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      "kind": "disclaimer",
      "text": "The information contained in this report is solely provided for the confidential use of the requesting client. No other use or dissemination of the information is permitted without the express written authorization of QVerity, Inc.",
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      "kind": "paragraph",
      "text": "regulatory perspective, in terms of why we believe we know who it is. But we have a high degree of confidence that we know who it is and we've provided that information to the regulators.",
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      "kind": "paragraph",
      "text": "Listen, why are we not going to take action against this employee that we fired is because that's not we want to be focused on from the management team, and that's not what we want to do with shareholder equity and shareholder capital. Our focus is to deliver results. At the end of the day, our stakeholders will judge us not by an anonymous blogger, right, but by our results. If he's broken any laws, then I think it's the regulators' responsibility to pursue that. It's just-",
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      "text": "Listen, why are we not going to take action against this employee that we fired is because that's not we want to be focused on from the management team, and that's not what we want to do with shareholder equity and shareholder capital. Our focus is to deliver results. At the end of the day, our stakeholders will judge us not by an anonymous blogger, right, but by our results. If he's broken any laws, then I think it's the regulators' responsibility to pursue that. It's just- — Mr. Alireza",
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