Carson Block

Carson Block talks about China's muddy waters

We talk to Carson Block, the founder of Muddy Waters Research, about why he has been shorting stocks in China.
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An anti-bribery website in China, reflecting a rising wave of public dissatisfaction with rampant corruption (ImagineChina)
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<div style="text-align: left;"> An anti-bribery website in China, reflecting a rising wave of public dissatisfaction with rampant corruption (ImagineChina) </div>

Carson Block, the founder of Muddy Waters Research, is moving markets these days. Sino-Forest shares, for example, have plunged 85% since Block levelled fraud allegations against the company on June 2. He has also questioned the financial statements of China MediaExpress Holdings and Rino International Corp, to name a few of the firms he’s honed in on. He has primarily focused on companies that use reverse listings or reverse takeovers RTOs a way of obtaining a listing without going through an initial public offering IPO by merging with an already-listed shell company. We sit down and talk to him about these companies and China’s stockmarket.

So far, Muddy...

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