With whom to learn to respond, many of the data in the report are not true.
On June 2, local time, the short-selling agency Grizzly released the second short-selling report on who to learn from (GSX.US). The other two short-selling agencies Citron and Muddy Water were sent via Twitter as soon as possible. Reposted this short report.
The report uses text descriptions and videos to show that the number of enrolled students and revenue increased by about 900%, and the actual number of students and revenue is only 11% of the publicly disclosed data. The Grizzlies said that this calculation comes from the first-hand information it obtained-the Grizzlies purchased multiple courses with whom in a specific period of time within half a month, which will increase the number of users in real time and the number of new registrations of the server with whom to learn. Through comparison, it was found that the number of users actually added was far lower than the number of new users shown with whom to learn from.
In addition, Grizzlies also claimed that they learned from them who engaged in large-scale illegal marketing activities and purchased more than 200,000 fake WeChat accounts. The Grizzlies conducted a sample survey of 3,000 accounts, and believed that most of them were with whom to learn their own accounts.
Grizzly said that the relevant evidence came from a third-party supplier in China, who claimed to provide false WeChat account and ID information for whom to learn from.
Responding to who learned from this, we used some external services in our business operations, including purchasing some services related to WeChat operations. We are very sorry to find that many of the data listed in the report are fabricated or untrue.
Citron praised the work done by the Grizzlies on Twitter and said that if anyone learns to register in the US, it should be suspended today. The muddy water also pinned its first short report on who to learn from on Twitter.
The Grizzly, Citron, and Muddy Water organizations support each other. They have been shorting for whom they have learned for more than 3 months. Since the Grizzlies released its first report on who to learn from shortly at the beginning of this year, the stock price has fallen by more than 16%.
After the Grizzlies report was released, the stock price with Whom to Learn closed up 13.37% to $36.97 on the same day. As of press time, the stock price rose slightly by 0.05% after learning from whom.