Bucephalus makes its money through a research subscription model so this assertion does not surprise.
Whilst Bucephalus claim no connection to Bonitas, it has also produced reports on companies Bonitas has shorted (Bosiden & Hengan).
The Bonitas reports may well emanate from Hong Kong. Check out the report header. I thought they were based in Texas? .
Ann: Release of Bucephalus document, page-74
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