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  "documentTitle": "Solutions 30 (S30)",
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  "authorName": "Carson Block",
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  "notes": "Uses an analogy of a locked door to describe the auditor's inability to access information.",
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      "text": "It should be obvious that what lies behind the doors EY could not open is highly problematic for the company.",
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      "text": "While the extent of the board and management's machinations to avoid exposure does not surprise us, it is surreal to consider that months after various allegations... the company still traded at a market cap of €1.1 billion at the time of the halt.",
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      "text": "We interpret EY's disclaimer as meaning that there were transactions it suspected were fraudulent and possibly illegal for other reasons.",
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      "text": "We have been short S30 since May 2019... The door is closed, and you hear sounds from inside indicating both parties are putting in gold medal performances. But the door is locked - you cannot open it. You are now EY.",
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      "kind": "paragraph",
      "text": "It did not surprise us to learn this past Friday that EY had not issued an audit opinion... S30 is likely involved in money laundering and is a fraud.",
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      "text": "The Group did not provide us with access to certain information necessary to perform our audit — EY (quoted in May 23 Press Release).",
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      "text": "1 See S30's press release dated May 23, 2021... 2 As set forth in the May 23 Press Release, EY stated...",
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      "text": "What really happened with the audit?",
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