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The slide uses SAIC filing documents and anecdotal evidence from former managers to argue that Jinan Ruili and Zhengzhou Anfa are de facto subsidiaries of Anta.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
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The slide uses a screenshot of a Weibo profile to link a specific individual to a distributor, supporting the argument of hidden related-party transactions.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
50
The slide presents a document snippet (SAIC filing) to support the claim that Quanzhou Binhui is controlled by ANTA-linked individuals (Lin Sankuang and Ding Kunming).ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
52
This is a scanned legal document (Application for Change of Company Registration).ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
53
The slide uses corporate registry data to challenge the independence of Anta distributors.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
54
The slide uses public housing provident fund records to prove employment history, contradicting the prospectus disclosures.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
55
The slide uses a timeline-based career path diagram and a personal profile card to illustrate the company's internal promotion structure.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
56
The slide uses corporate registry data to challenge the independence of a subsidiary.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
60
Includes a screenshot of a Chinese business registry change record and a list of entities linked to the Peng brothers.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
61
Includes a footnote regarding Hong Yanqing's historical interest and association with Anta.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
64
Includes business registration data and shareholder list with English translations provided in red text.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
68
The table maps specific individuals (columns) to distributors (rows) where they hold legal, shareholder, or management roles.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
70
Includes specific references to prospectus pages 16, 20, 61, 112, 114, 118.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
71
The slide uses a mix of Chinese and English to list branch details and provides narrative evidence of personal connections between branch heads and Anta distributors.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
02
This is a research note exposing potential fraud/misrepresentation by ANTA regarding its Fila retail operations.ANTA Sports Products Limited (2020.HK) · Carson Block
Research note Short seller Beat · ProblemLoop · The Reveal1 hit
02
The slide uses a 'liars lie' narrative to frame the company's denial as a predictable pattern of behavior.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · The MonsterLoop · The Reveal1 hit
03
The slide uses a Q&A transcript to highlight a contradiction between management statements and alleged business practices.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · The StruggleLoop · The Reveal1 hit
04
This is a research note page focusing on exposing corporate fraud through the analysis of distributor independence.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · The StruggleLoop · The Reveal1 hit
05
The slide uses a 'fraud-exposure' framework by contrasting the auditor's stated procedures with the reality of the company's control over its distributors.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · The StruggleLoop · The Reveal1 hit
02
The slide uses investigative research to link a supplier (Henan Ruili) to an ANTA employee (Peng Qingqi) to suggest financial manipulation.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Pattern Hunter1 hit
03
The slide uses a diagram to illustrate corporate structure and text to argue that Henan Ruili is not an independent supplier.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Pattern Hunter1 hit
04
The slide highlights discrepancies in margins for Henan Ruili compared to other entities and reconciles 2018 revenue figures.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Pattern Hunter1 hit
06
The slide uses investigative research to challenge corporate transparency regarding e-commerce operations.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Pattern Hunter1 hit
07
The slide uses screenshots of Tmall store pages and references SAIC annual inspection reports to prove the discrepancy in store ownership.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Pattern Hunter1 hit
09
The slide uses a government report and a screenshot of a Tmall store page to verify the store's existence and longevity.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Pattern Hunter1 hit
16
The slide highlights potential corporate structure obfuscation through similar naming conventions.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Appendix DataLoop · Iceberg1 hit
17
The document serves as evidence for the corporate structure and ownership of the 'Reedo' trademark.ANTA Sports Products Limited (2020.HK) · Carson C. Block
Research note Short seller Beat · Appendix DataLoop · Iceberg1 hit
02
The slide serves as an introduction to a short report, establishing the company profile and the core thesis of accounting fraud.Burford Capital Ltd. (BUR LN) · Carson C. Block
Research note Short seller Beat · ProblemLoop · Cost Of Inaction1 hit
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The slide functions as a short-seller research note, specifically targeting governance and accounting transparency.Burford Capital Ltd. (BUR LN) · Carson C. Block
Research note Short seller Beat · ProblemLoop · Cost Of Inaction1 hit
04
The text details seven specific techniques used by BUR to manipulate investment return metrics.Burford Capital Ltd. (BUR LN) · Carson C. Block
Research note Short seller Beat · ProblemLoop · Cost Of Inaction1 hit