Interesting Situation to Watch

[Gregmal]

Blue Orca, one fo the better activist short sellers I follow put out the follow report this past week.

https://static1.squarespace.com/static/5a81b554be42d6b09e19fc09/t/5e3b7688fe4a570a61057022/1580955280455/Blue+Orca+is+Short+China+Medical+System+Holdings+Ltd+%28HK+867%29.pdf

 

Something rarely seen, CMS, maybe a half hour after the report hit, requested a trading halt to their stock, which has remained in effect the past couple days. Today, they released this.

 

http://www.cms.net.cn/kangzhe/PicNew/ImgStocks/2020-02-07/80cb3ef1-1f54-4915-bc1a-35c713abc963.pdf

 

Stock should open for trading next week. Last few Blue Orca pieces have been pretty lethal. Hong Kong is still kind of a tricky place for investors, and thus these type of situations seem a little easier to find than here is the states.

 

 

 

 

 

 

 

 

 

[Tuxedostyle]

Thank you, looks interesting indeed.

[Gregmal]

And the rebuttal to the rebuttal.

 

https://static1.squarespace.com/static/5a81b554be42d6b09e19fc09/t/5e4073fcff19c4789026a215/1581282304249/Blue+Orca+Issues+a+Rebuttal+to+China+Medical+System.pdf