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  "documentTitle": "China Internet Nationwide Financial Services Inc. (CIFS)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-12-20 00:00:00",
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  "notes": "The slide uses forensic accounting techniques to link purportedly unrelated entities through shared SAIC contact numbers and suspicious ownership transfers.",
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      "kind": "callout",
      "text": "A quick glance at each of Beiruichen and Luye’s SAIC financials immediately moots any discussion of leverage ratios and security packages.",
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      "text": "revenue: $20,000",
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      "text": "A quick glance at each of Beiruichen and Luye’s SAIC financials immediately moots any discussion of leverage ratios and security packages.",
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      "text": "We are advised that Luye reported zero revenue to SAIC from 2014 through 2016. In the case of Luye, it is interesting that it is deemed a related party...",
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      "text": "Note that the SAIC contact phone number for both Beiruichen and Luye (again, each a disclosed related party) is 152 6083 8888.",
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      "text": "The big data company CIFS announced on November 14, 2017 that it would acquire for $1.8 million appears to be a sham transaction.",
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      "text": "https://www.prnewswire.com/news-releases/china-internet-nationwide-financial-services-inc-to-acquire-big-data-company-300555536.html",
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      "kind": "title",
      "text": "Recent “Big Data” Acquisition Looks like a Big Lie",
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