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  "documentTitle": "CPI Property Group (CPIPGR)",
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  "authorName": "Muddy Waters Research",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-11-21 00:00:00",
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  "notes": "The slide uses a snippet from CPI Hotels' 2017 financial statements to point out a potential related-party transaction anomaly.",
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      "text": "CPI Hotels' 2017 financials state that it has a payable to CPI PG subsidiary ORCO Property Group (since renamed CPI FIM) that was assigned by a related party (almost certainly Vitek) for \"remuneration for assignment of receivables...\"",
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      "text": "CPI Hotels' 2017 financials state that it has a payable to CPI PG subsidiary ORCO Property Group (since renamed CPI FIM) that was assigned by a related party (almost certainly Vitek) for \"remuneration for assignment of receivables...\" reporting of the loan assignment to ORCO Property Group:",
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      "text": "As part of Short-term receivables - controlled or controlling person, significant influence, the Company reports receivables from ORCO PROPERTY GROUP S.A. as of December 31, 2017. On account of remuneration for assignment of receivables in the amount of 461,382 thous. CZK (2016 - CZK 0 thousand). The subject of the assignment was a receivable from a third party, which was reported under Other short-term receivables in the amount of 442,354 thousand as of December 31, 2016. CZK and outstanding interest for 2017.",
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      "text": "As part of Short-term receivables - controlled or controlling person, significant influence, the Company reports receivables from ORCO PROPERTY GROUP S.A. as of December 31, 2017. On account of remuneration for assignment of receivables in the amount of 461,382 thous. CZK (2016 - CZK 0 thousand). The subject of the assignment was a receivable from a third party, which was reported under Other short-term receivables in the amount of 442,354 thousand as of December 31, 2016. CZK and outstanding interest for 2017. — CPI Hotels Financial Statements 2017",
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      "text": "1 CPI Hotels Financial Statements 2017, Pg.14.",
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      "text": "ORCO PROPERTY GROUP S.A. 461 382 (2017) vs 0 (2016)",
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      "kind": "title",
      "text": "Did Vitek Then Sell the Same Receivable Back to CPI PG for More Cash???",
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