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  "documentTitle": "Momo, Inc. (MOMO)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2018-06-27 00:00:00",
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  "notes": "Includes a photo of the alleged building and a callout box for the address.",
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      "kind": "callout",
      "text": "Registered Address: C28-17, C Area, No 40 Yongwai Jiujingzhuang, Fengtai District, Beijing City",
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      "text": "The physical location of Beijing Mushang Culture Media appears to be somewhat of a mystery. Spruce Point suspects that these operations may potentially be carried out in Momo headquarters.",
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      "text": "Investigators searched for this office and we believe this address appears to be a false address. This is a photograph of a building in the C Area. Investigators spoke with residents and they claimed this address does not exist",
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      "text": "Beijing Mushang Culture Media Co Ltd also claims to have branches in Changsha, Chengdu and Xuzhou. Investigators checked, and Mushang Culture has no legal entities established in those areas.",
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      "text": "It is illegal to operate a company from an address that is not registered, or to employ people in other provinces without a legal entity. Employees would be unlawfully employed and their benefits are unlikely to be paid.",
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      "text": "The physical location of Beijing Mushang Culture Media appears to be somewhat of a mystery. Spruce Point suspects that these operations may potentially be carried out in Momo headquarters.",
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      "text": "Source: Spruce Point private investigators",
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      "kind": "title",
      "text": "Red Flag 3: Does One of Momo's (Undisclosed) Top 5 Talent Agencies Exist? (Cont'd)",
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