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  "documentTitle": "Nano-X Imaging Ltd. (NNOX)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-09-22 00:00:00",
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  "notes": "This is a research note page from a short-seller report (likely Muddy Waters or similar) exposing potential fraud.",
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      "kind": "callout",
      "text": "We call upon the company to address these deep points of concern, each of which we believe indicates blatant fabrication and a near-total lack of scientific substance at the company.",
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      "text": "The radiologists uniformly wondered why there are few images that NNOX has made public outside of the rudimentary X-rays that we discuss in Question 3. They highlighted that this runs in stark contrast to industry practice.",
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      "text": "We lay out experts' key statements below, subdivided among a series of eight serious points that the experts raised. We call upon the company to address these deep points of concern, each of which we believe indicates blatant fabrication and a near-total lack of scientific substance at the company.",
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      "text": "Radiologist C: “We've talked amongst ourselves; we came to some of these conclusions on our own because there's just nothing near there. There's not an image. There's not an approval. I'm not even sure they have a prototype. It is alarmingly vapor-like... Do you have a working prototype? Show me the images!”",
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      "kind": "quote",
      "text": "“They're lying, they're overtly misleading, and they really are deliberately obscuring what the product does. Except the only pictures they show are the same X-rays that other folks have seen. It's really not a huge challenge to get an X-ray machine... That user interface [glossy promo video] is a total joke. I mean, that's like a Star Wars illustration.”",
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      "text": "Radiologist D: “This thing just seems so outrageous and there's not a single article, there's no images anywhere. Where's the images? If you're doing it, there's images. Because the other thing would be is, you would have to say that your images have to be the same or better, but you're claiming it's all better. As a radiologist and someone who",
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      "kind": "quote",
      "text": "“Maybe they have something, but if I had a prototype at Hadassah Hospital, those images would be at the website. If I have a prototype sitting in a room that's never turned on, then images will not be on the website.”",
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      "text": "NNOX Advisory Board Member: “No, I have not seen a live demonstration... I have not seen a working device or any pictures or images from or computerized tomography pictures of this, or images with this device yet. I don't think that's something that is done yet. As far as I know, no one has gotten scanned by this device yet.”",
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      "kind": "quote",
      "text": "“They haven't shown they can do anything except for the extremity X-ray. On the other hand, the rest of it is bluster. Will they be able to build it at scale? Will it actually work as a CT scanner? Nobody knows.”",
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      "kind": "quote",
      "text": "“A buddy of mine was also looking at this company. He has CT patents himself. He ran the CT business for [large imaging company], ran the MR business for [large imaging company], very close colleague of [NNOX Advisory Board member]. He reads these things and he just laughs out loud. He says it's like there's not an ounce of credibility in anything they're claiming.”",
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      "text": "No, I have not seen a live demonstration... I have not seen a working device or any pictures or images from or computerized tomography pictures of this, or images with this device yet. I don't think that's something that is done yet. As far as I know, no one has gotten scanned by this device yet. — NNOX Advisory Board Member",
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