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  "documentTitle": "Moxian, Inc. (MOXC)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-07-27 00:00:00",
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      "text": "The only value we see in this company is its publicly traded Nevada shell, and believe there is severe downside risk for MOXC shares in the near term.",
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      "text": "We conclude that MOXC hasn't operated a legitimate business since it shuttered its O2O business in September 2018. Since then, it appears to us that management has spent its time dodging delisting notices from Nasdaq and raising capital whenever possible.",
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      "text": "Since its IPO in 2016, MOXC has filed an NT 10-K every year, as well as 3 NT 10-Qs. The company has included a going concern declaration in every quarterly or annual SEC filing it has completed since mid-2017.",
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      "text": "Since then, MOXC has experienced almost complete turnover in its management team, written down nearly $4.5 million worth of assets related to its O2O business and accumulated approximately $2 million in liabilities.",
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      "text": "Its purported main operating entity in China and its VIE entity fails to complete basic corporate actions such as filing annual reports, updating corporate addresses, keeping the phone line connected, and paying small judgments for labor disputes.",
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      "text": "Just months later, in September 2018 Moxian announced that it 'ceased the part of its business associated with the mobile application' because its partner backed out and it could not afford to absorb the massive losses.",
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      "text": "In its 2017 10-K, MOXC made the following statement: 'The Moxian Platform is at the heart of our business. There are five components to our Moxian+ platform...'",
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      "text": "Yet, somehow this nearly insolvent, barely operational company is still listed on the Nasdaq and its stock has been up 2,318% in the last 12 months, giving it an equity valuation as high as ~$530 million.",
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      "text": "“The Moxian Platform is at the heart of our business. There are five components to our Moxian+ platform, which is the backend of our application, namely the social media engine, the e-commerce engine, the rewards engine, the gamification engine, and the analytical engine.” — 2017 10-K",
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      "text": "23 “NT” means non-timely (i.e., late) 24 MOXC 2020 10-K, p. F-16 25 MOXC 2020 10-K, pp. F-16, F-17",
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