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Blue Orca Capital
Initial Report Date（2011/12/06）Share Price:3.320 Delisted
Initial Report Date（2011/12/06）Share Price:3.320 Delisted
Glaucus Research is Short China Medical Technologies, Inc.
Details Link > A few weeks ago an anonymous short seller posted a blog entry on GeoInvesting’s website alleging that CMED committed
fraud by, among other things, overpaying for acquisitions from undisclosed related parties. We here at Glaucus Research follow the U.S.-listed Chinese space closely,so we were naturally curious. We decided to investigate the allegations of fraud. Hereis what we found.
We believe that the evidence supports the anonymous blogger’s allegations that CMED committed fraud by overpaying for an
acquisition from an entity that appears to be secretly related to CMED’s founder, CEO and chairman. Although we could not
verify all of the claims by the anonymous blogger, there are a host of other red flags to support the notion that CMED is the
next Longtop (LFT) or Universal Travel (UTA).
By wantattse
Start
