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"Anonymous" Enters Securities Analysis: Alleges Hong Kong's HK$ 8.5 Billion Chaoda Is Next Sino Forest
Wondering why you may not have heard of hacking collective Anonymous for a while? Because, as it appears, the ad hoc organization has been busy assembling Anonymous Analytics, a public equity research entity (and we venture to guess focused mostly on the short side) whose motto is "Acquiring information through unconventional means" and follows up with "You should have expected us." Think of them as Muddy Waters on steroids: no regulation, no supervision, no accountability - just pure content, and credibility-driven merit (or, of course, lack thereof): a model which if validated will totally revolutionize the field of public company research. Well, someone who certainly should have expected AnonAnalytics is Chaoda Modern Agriculture, a HK$ 8.5 billion market cap company, or on par with Sino Forest from its pre-fraud days, which as Anon alleges is one of "Hong Kong Exchange’s largest, and longest running frauds." As the below report demonstrates, Anon has presented a serious case to prove just that stunning allegation, and if ultiamtely validated, the outcome for stock longs will be very unpleasant: "Theoretically, Chaoda may be worth HK$0.60 per share (currently Hk$2.50) derived from a blended NAV and DDM approach. However, based on the evidence in this report, as well as information we have decided not to release, we believe Chaoda may face delisting." If proven correct, this report will have an even greater impact on capital markets than Muddy Waters take down of Sino Forest, as it will finally integrate the two formerly completely disparate worlds of hacking and software analysis, opening up a world of very concerning possibilities for the world's public companies.
Key highlights:
Chaoda has an extensive history of deceiving investors and shareholders. Since its IPO, there have been several resignations by auditors, executives, and directors. We provide proof that management has consistently lied about the reasons behind these resignations. We further show that management has time after time misled investors about the Company’s capital requirements. To this end, management has assured shareholders that the company was sufficiently capitalized, only to tap the capital markets – often within several weeks.
Rounds of financing are required because Chaoda is overstating its cash balance, exaggerating its revenue, and falsifying its financial statements. We show that reported revenue numbers make no sense and provide statistical proof as to the improbability of Chaoda’s reported margins.
Much of the money that is raised is transferred out of the Company by management and third parties. These transfers are carried out under the cover of grossly inflated capex spending, and related party transactions. We provide proof that payments made to a ‘major supplier’ owned by the CEO are simply being transferred to a shell company with no business operations and de minimis assets.
Furthermore, we show that the CEO has used shareholder money to invest in risky projects without commensurate returns. One of these projects was a poorly operated orange plantation (Asian Citrus) that even Pepsi Co. found too risky. While this project robbed shareholders of high returns, they enriched the CEO through similar related party transactions.
Finally, we show that Chaoda is paying another fraudulent company to provide it with positive marketing exposure. In a bizarre twist worthy of a mystery novel, this saga involves Nobel laureates and some of the Western world’s most renowned academics.
Theoretically, Chaoda may be worth HK$0.60 per share (currently Hk$2.50) derived from a blended NAV and DDM approach. However, based on the evidence in this report, as well as information we have decided not to release, we believe Chaoda may face delisting.
Full report (pdf)
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more bear raids with global reach
just de-list China
the way things are going, people would even buy into a CCP IPO - a fine ETF idea
Has Anon learned to fight crime with crime?
Reminds me of the Bat-Man movie where the Joker lights the mountain of cash on fire - http://www.youtube.com/watch?v=2TJ3Yv_vgUc
LULZ = For Shits and Giggles
Anonymous has no organizational structure and no leader. It's tha kind of thing that makes the oligarchs heads explode. Sort of like the Norwegian Knights Templar movement.
I disagree; I think they are mostly, if not all, "insiders". The internet has largely been to the benefit of the little guy, as the "elite" controlled the media.
Doesn't it make sense that the "elite" can benefit from the internet as well?
What better way to (1) take out a company that won't toe your line, (2) destroy a person's credibility, or (3) herd the lemmings over a cliff once some street cred is provided. On top of all that, I don't doubt the information is accurate; I am saying the vehicle that is anoymous has intentions which are not clear at this time.
Eventually there will be the internet crack down once the dirty work is done, the money made, countries broken, and the pleebs plunged into information darkness.
Regards,
Cooter
don
Not trying to pick you're comment apart, I agree that this report could be released by an insider with the intention of torpedoing competition. However, to assert that the "vehicle that is anonymous has intentions that are unclear" simply makes no sense. By it's nature, a vehicle can't have an intention. The intention is solely attributed to the individual presently acting upon a vehicle. In the case of an anonymous collective, we can only speculate on intentions. And for the most part, the acts of the Anonymous collective usually is just for the lulz or social justice. Personal gain is eliminated outright.
When I was a kid, we used to put shit in a paper bag and put it on peoples front porches, set it on fire, bang the door (usually someone known by someone involved).
To my surprise, no one ever fell for it; they side-scootted it off the wood to the ground and went back in side.
Why does this matter? Your post is a flaming bag of shit. I will just let it burn. Those old fuckers, they had it all figured out. Not sure why kids (like me) couldn't ever figure that out...
Please drive through.
Regards,
Cooter
if zerohedge continues to publish anon reports, they will be visited by the FBI. It's fairly clear there's a new hedge fund strategy (hedge fund using leverage + "biased investigators that use distort and short PR"):
category: Anon short arbitrage in the options market.
if zerohedge continues to publish anon reports, they will be visited by the FBI. It's fairly clear there's a new hedge fund strategy: anon short arbitrage in the options market.
what you say!
you stay on your side of border, round-eyes, and we stay on ours!
I would like to delist you, trav
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/09/26/bloomberg_articlesLS4B6Y6TTDSM.DTL
Story initially broke back in May by Next Magazine.
http://hk.next.nextmedia.com/template/next/front.php
Just in case anyone is suffering under the delusion that this company isn't a fraud.
Set them loose on Fort Knox. Fort Knox has ethernet, right?
Come on, think big.
I'd love to see what they make of the US 30-year. Here's something for them to start with:
Benny's Fabulous Price-Stability Racketeering Band
Yeah and the what about the FED
Bernank wants to spy
http://www.zerohedge.com/news/here-comes-fiattackwatch-bernanke-goes-wat...
He deserves the same
Oh goody, maybe they can get into the FED or GS. This might get very interesting...
Interesting indeed.
Anonymous is such a huge collective, it probably has people in every major player. If interns who spend their spare time on the chans start rummaging for sensitive documents at work, you could see some major news breaking out of this group on a regular basis.
now I'm really starting to think "Anonymous" is a CIA front
Yeah. When AA decides to bust the multitude of evil deals done by GS, JPM, et al, then I might listen. China-bashing is rather passe.
American Airlines? Alcoholics Anonymous? little batteries?
you all thought LulzSec was CIA too..
I don't think anyone can assert anything with certainty and it is clearly foolish to dismiss the notion.
Regards,
Cooter
Unfortunately, entities like Anonymous can be easily infiltrated by the CIA. Fortunately, their decentralized nature means they can never be fully compromised. You should never fully trust or fully distrust an entity like Anonymous. One release may be the truth, the next release may be complete dis-info. Any release is what it is. You must make up your own mind. One thing is for sure, you're not going to receive this kind of material on the Thought Vacuum.
Screw these anonymous short sellers who hide behind "research" to justify their attempts to profit by negative attacks. I laugh when they try to describe their work as altruistic. They are the next generation pump and dump scamsters, or should I say short and extort scamsters. They don't care if you get hurt, they are running a money making scheme.
If you don't believe in the truly free market and the unfettered exchange of opinions, what are you doing on ZH?
Really, how easy to infiltrate them?
Who knows, soo far they said that the FEDS arrested anonymous people, but they never release any faces at all.....hmmm
Could it be because they are anonymous??? LOL!!!!
Fraud-De-Jour?
AA is an unfortunate abbreviation for such a fine organization.
They would just scour the earth looking for these guys while the info they discovered would never be acted on. Punish the ones doing the whistle blowing and the truth saying and let the criminals continue to loot. That's how we roll around these parts yo.
Cool!
All Chinese companies are suspect.
I really do hope anonymous gets into the business of whistleblowing on market fraudbezzlement. That would force sovereigns everywhere to put up "great firewalls" and ensure that the pirate party wins majority vote in half the countries in europe.
What? No link?
The sphincter pucker factor just pegged 100 on Wall St.
Oops, there goes the Internet. The Boyz are going to throw the switch. We can't have this kind of light shined into their closets.
Just the facts, Ma'm, just the facts.
These "Anonymous" dudes do so many douchebaggy things I think it will be hard for them to be taken seriously outside of their own circles.
there are 6 billion people. All it takes to be an anonymous front is to do something and say your anonymous.
One man's douchebaggery is another man's ...errr... ummm... forget it.
I hope Fort Knox has ethernet when they get in there.....b/c they sure as hell aint gonna find any gold, thats for sure!
Yes they will, it will be plating over the tungsten bars.
"Acquiring information through unconventional means" and follows up with "You should have expected us."
I did not expect Anonymous Analytics.
No one expects Spani.... ee... I mean Anonymous Analytics!
;-)
our three weapons are.....
When will they move on to NFLX?
wheres reports like this when the stock was 5 bucks in mid april?
seriously , muddy waters, than these guys. enough of this crap. i'm not a short speculator, i've learned that unless youre running the game.....youre getting runned over by it.
Anon running a short racket? This is likely to become bloody, and fast. We're going to find shortly out if anyone out there can bring any kind of game.
This would be a great funding mechanism for Anon.
any brokers take bitcoins??
I never understood the fascination with BitCoin. I mean, doesn't it violate thousands of years of monetary history? Christ, at least I can wipe my ass with fiat money. I never thought there would be a worse money than paper money, yet here we are with the 100% electric money!
Humans never cease to suprise me ...
Regards,
Cooter
NOTE: I wasn't implying that DPoS was advocating BitCoin, just tossing that out there whilst the fiat system tightens up and spins faster...
You've got it backwards. The major fiat currencies are produced on the whim of a keypress. Not so with bitcoin. If you want to wipe something with a bitcoin, print it out.
bitcoin is trying to be a virtual hard currency.. yes an oxymoron and Moore's law and other factors will be the death of it most likely.
i wasn't expecting this...
and if they look at the S&P 500... that will be 5000 companies that should be trading at a fraction of their current value
Hi, my name is Cheesy and I'm an...oops, wrong room.
The begining of the end will be when they start posting the outraegeous compensation and holdings of both wall street and government criminals.
Expense reports would be fun.
http://globaleconomicanalysis.blogspot.com/2011/09/man-works-1-day-for-c...
Your taxpayer dollars at work!?
At least i would expect more interesting things to come out of this than broker research... If they can hack into fraudulent companies and expose it kudos to them. I just hope this is not another short and distort scheme... why dont they start by hacking alfred little ??
dood...wish we heard about this a few weeks ago....
also, short ideas that have options US investors can trade are far more useful. naked shorting spivvy overseas equities is scary
do they have bonds and if so how do they trade?
If morality and ethics are not restored soon a new world of piracy will begin.
We will go from simple harmless hacking and data gathering to armed attacts to retreve data. Raid the big yachts seal the ipads and go.
Why mess with math when you can send a 30 man crew to grab data at a fraction of the cost.
If this "model which if validated will totally revolutionize the field of public company research."
If we do not value anything but money and its power then we value nothing. Nothing is what we will be left with.
While i cheer the spirit i fear its children.
Morality is more then taboo its a choice of human action, without choice we are not masters but slaves.
I think you fail to realize that espionage has been the cornerstone of competitive business since ... well, competitive business. Do you genuinely thing that corporations do not have teams of folks, spies, buy secrets/info on the black market, and you name it to get low cost innovation or competitor secrets?
Name me a company in the DOW index that doesn't have the funds to hire a good looking gal of questionable moral character to casually meet the geek of her dreams who just so happens to be the admin of corporate/executive mail servers of a competitor. Nah, could NEVER happen.
Regards,
Cooter
Here's a list of 500 companies to choose from:
Fortune 500 Companies Leaked 20GB of Sensitive Information
From the disclaimer:
"You should assume these type of statements, expectations, and projections may turn out to be incorrect. Just ask the Fed."
LOL.
This scam sounds like Amway.
Chaoda putting out any worthwhile products and/or services..??
this pos is already down over 90% to $1 hk, do we nreally need a report to know its a garbage can?
report just in time to cover their shorts into new money,
The sound you hear is a barn door closing.
"as well as information we decided not to release"
gay
I'm wondering how many investors lost money after following Jim Rogers' advice on China, after he pumped it on TV, in his book "A bull in China," and with his european certificates based on the "Rogers China Equity Growth Index," which had 3% of its assets in Chaoda.
It will be interesting to see how the market prices this new information.
When I started shorting in my sleep I realized I needed to join ShortAnon.
Anonymous Analytics is making the false assumption that China Green is not a fraud.
The people I feel sorry for in all this are the Cyberpunk writers, back in the day they could craft a story about rebels fighting the good fight but now reality has eclipsed all that, well done Anon, keep it up.
This is totally fucking rad.
Soooo expected this.
The only thing I expected that didn't show up in this report is ascii art down the margins that spells "PH34R B0W"
This is totally fucking rad.
Soooo expected this.
The only thing I expected that didn't show up in this report is ascii art down the margins that spells "PH34R B0W"
the bernanke is ....anonymous. That would create the necessary diversion
Dear Anon,
Take down JPM and the silver shorts.
Sincerely,
Peejo
One days notice. Great.
http://www.businessweek.com/news/2011-09-26/chaoda-slumps-in-hong-kong-trading-on-misconduct-lawsuit.html
I am short DGW and its been halted almost 6 months with no information. The problem with this hit pieces is they don't update them after a halt.
Should we be surprised? The Chinese are doing what they do best copying American shit, in this case Enron.
Good work lads!
.
This kinda feel like the movie The Taking of Pelham 123. Create a terror attack and profit from gold longs instead of ransom!! Will we see more of this?
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