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  "documentTitle": "OSI Systems, Inc. (OSIS)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2017-12-06 00:00:00",
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  "notes": "The slide uses a mix of narrative critique and accounting analysis to suggest corruption and financial misstatement.",
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      "text": "OSIS's failure at that time to disclose even the scantest fact that's freely available on the Albanian corporate registry bolsters our opinion that these facts evidence corruption.",
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      "text": "OSIS obviously could have commented further, but simply chose not to because these transactions are, in our view, unjustifiable. In 2015, the government and OSIS reached a settlement.",
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      "text": "OSIS management still told the market nothing of the facts underlying this controversy – it was apparently back to business. In recent conversations between an investor and OSIS...",
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      "kind": "paragraph",
      "text": "OSIS's accounts are likely misstated because they appear not to reflect the transfer of the stake in S2 Albania. S2 Albania has not filed its required CY 2016 financial statements...",
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      "kind": "paragraph",
      "text": "Yet, when asked about the delay in implementing the contract in Albania, management never spoke of the 49% share transfer for approximately $4.50; nor of the additional eight points former PM Berisha awarded...",
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      "kind": "quote",
      "text": "Last year, we announced a 15-year contract that we received from the government of Albania to provide turnkey cargo and vehicle screening services...",
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      "kind": "quote",
      "text": "\"Last year, we announced a 15-year contract that we received from the government of Albania to provide turnkey cargo and vehicle screening services at various sites throughout the country of Albania. Unfortunately, we recently learned that the customer, the Albanian newly elected government, has halted further progress on the contract and put into doubt the continuation of the program. The program had been proceeding smoothly and ahead of schedule. We intend to strongly enforce our contractual rights and hope to reach an amicable outcome... You can understand that, under the circumstances, we cannot comment further at this time.\" — OSI Systems management",
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      "text": "17 “In the midst of movement and chaos, keep stillness inside of you” – the other Deepak Chopra\n18 Deepak Chopra, Aug. 25, 2014 conference call.\n19 https://webcache.googleusercontent.com/search?q=cache:VfbFWG-ot4sJ:https://www.parlament.al/wp-content/uploads/2015/11/proc_29_10_2015",
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      "kind": "title",
      "text": "S2 Albania Transfer Off the Books?",
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