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MuddyWaters
Initial Report Date（2018/02/08）Share Price:102.000 Listed on LSE
Initial Report Date（2018/02/08）Share Price:102.000 Listed on LSE
MW is Short IQE (AIM: IQE LN)
Details Link > Muddy Waters Capital LLC is short IQE. IQE is, in our opinion, an egregious accounting manipulator. We adjust downward the company’s reported net income for 2015 and 2016, respectively, by 58.5% and 25.4%. We believe it is reasonable to adjust 1H 2017 net income down by approximately £5 million or 69% to account for likely aggressive capitalization of expenses.
By wantattse
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