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  "documentTitle": "OSI Systems, Inc. (OSIS)",
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  "notes": "This is a research note from Muddy Waters Research, focusing on exposing potential corruption and lack of transparency in a target company.",
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      "text": "OSIS's response to our December 6, 2017 report in no way changes our opinion that OSIS is rotten to the core.",
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      "text": "Five points detailing why the ICMS partnership is suspicious, including misleading capital investment claims, concealment from investors, lack of economic justification, questionable entity formation, and suspicious timing.",
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      "text": "OSIS's response seems greatly misleading when it implies that ICMS has made capital contributions that are on par with those of OSIS... We have posted them here.",
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      "text": "In this update, we address OSIS's response to Albania. OSIS's \"partnership\" with ICMS, a company purportedly \"with civil works construction capabilities in Albania\", appears to us a conduit for corruption for five additional reasons.",
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      "text": "OSIS's response to our December 6, 2017 report in no way changes our opinion that OSIS is rotten to the core. We see the Albania issue as important for three reasons...",
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      "text": "…ICMS made significant capital investments toward the implementation of the program in a value well beyond the par value of shares — OSI Systems (as quoted by Muddy Waters).",
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