The reality is that Bonitas have a true conflict of interest in making these statements given that the y have a short position on the the stock.
I always find this line of reasoning faulty. If they have a conflict of interest what about management or an investment house with a positive report.Hearing what happens by some big 4 auditing people, and the incompetence. Wouldn't surprise me if they sit on their arse or stay on the wings.
Edit: Whilst I am dissapointed as ever seeing a an 'attack' by shorters, especially as someone in the crossfire this time around: they serve a vital role in the markets and everyone going on about how it should be illegal are laughable. We need shorters. If they're right then they have shown literally why they are important. Like they did with Blue Sky. If they are wrong a year from now we will have forgotten this.
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Ann: Response to Bonitas Research report, page-104
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