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This is a text-heavy research note page containing investigative findings on corporate assets and financial health.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller Beat · The Victory1 hit
39
The slide uses investigative research to challenge the company's claims about operational efficiency and asset valuation.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller Beat · The Victory1 hit
40
The slide uses a line chart to highlight a divergence in pricing and a table to quantify the price difference between internal and external sales.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller Beat · The Victory1 hit
41
The slide uses a table to contrast historical metrics (milkable cows, yield rate, and ASP) against the company's reported fair value claims.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller 1 hit
43
Includes Q&A regarding upstream farm capacity and cow herd reduction.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller 1 hit
44
The slide uses screenshots of a web-based data portal (CCASS) to demonstrate the increase in share holdings by brokers and custodians over time.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller 1 hit
45
The slide highlights the shift in broker holdings as a proxy for pledged shares.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller 1 hit
47
The table compares costs for Waste system, Feed Storage, Roads, and Other facilities, including subtotals, contingency, and total cost per head.China Huishan Dairy Holdings (6863 HK) · Carson C. Block
Research note Short seller 1 hit
02
The slide uses a comparison table to highlight the discrepancy between SAT-derived revenue and SAIC-reported figures.China Huishan Dairy Holdings (6863.HK) · Carson C. Block
Research note Short seller Beat · The MonsterLoop · Pattern Hunter1 hit
03
The chart uses a bar chart to compare national milk yields against Huishan's claimed yield, highlighting the outlier status of the company's claims.China Huishan Dairy Holdings (6863.HK) · Carson C. Block
Research note Short seller Beat · The MonsterLoop · Pattern Hunter1 hit
12
The slide uses a bar chart to visually demonstrate the lack of online presence for Huishan, supporting the narrative of fraudulent financial reporting.China Huishan Dairy Holdings (6863.HK) · Carson C. Block
Research note Short seller Beat · The VictoryLoop · The Reveal1 hit
13
The slide uses data to set up a contradiction between company claims and market reality, concluding with an accusation of fraud.China Huishan Dairy Holdings (6863.HK) · Carson C. Block
Research note Short seller Beat · The VictoryLoop · The Reveal1 hit
02
This is a classic activist short report summary slide.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller 1 hit
06
This is a text-heavy research note page focusing on financial distress and management credibility.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller 1 hit
13
Includes detailed calculation logic for conservative and base case scenarios based on pit dimensions and rock density.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
15
Includes footnotes referencing conference calls and investor presentations.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
16
The slide critiques the company's operational instability and financial constraints regarding ore extraction.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
20
The slide uses red annotations and arrows to point out that 'Minimum' values exceed 'Maximum' values in the provided tables, indicating data entry errors.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
22
The slide uses a table to highlight resource increases while the surrounding text casts doubt on the methodology and the individuals responsible for the estimates.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
25
The slide analyzes operational performance discrepancies, specifically noting that while ore extraction exceeded plans, gold yield fell short.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Hypothesis Test1 hit
26
The slide uses a table to quantify the downgrade in value and tonnage resulting from the updated CSA Global MRE compared to the prior CJM estimates.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose ContradictionLoop · Hypothesis Test1 hit
27
The slide highlights a counter-intuitive outcome where lowering the hurdle for resource classification resulted in a reduction of measured resources.Asanko Gold Inc. (AKG) · Carson C. Block
Research note Short seller Beat · Expose Contradiction1 hit
03
The slide shows two bar charts comparing financial margins for 7 companies plus an average.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Peer BenchmarkLoop · Zoom In1 hit
04
The slide uses a grouped bar chart to compare four financial metrics. The text suggests potential accounting irregularities or tax optimization strategies at Man Wah.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Peer BenchmarkLoop · Zoom In1 hit
07
Includes footnotes 3 and 4 with Chinese text regarding the Macau office's purpose.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Expose Contradiction1 hit
09
The slide uses a table to highlight a 'Diff %' between reported sales and import data, framing the company's explanation as a 'nonsensical excuse'.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Expose Contradiction1 hit
10
Includes field investigation findings in Shenzhen and Shanghai to verify reported revenue per store.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Expose Contradiction1 hit
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Includes a small table of financial data and a footnote referencing a Forbes article.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Expose Contradiction1 hit
14
The slide uses a table to demonstrate that the company's claims about retroactive tax credits are not reflected in the provided SAIC financial data.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Expose Contradiction1 hit
15
The slide contains a table calculating pro-forma income tax and text sections detailing regulatory non-compliance and debt discrepancies.Man Wah Holdings (1999.HK) · Carson Block
Research note Short seller Beat · Expose Contradiction1 hit