Bingo Industries (ASX:BIN) $BIN - Short Seller Report (SnowCap), page-2

For some reason the text in my post disappeared?..

Anyway, does anyone know anything about the validity of this short report from SnowCap? First time I have heard of them. It was only posted this afternoon so has not got much coverage.

I looked at the firm's website and they only have one other short report on FNP which they were dead right about. Company has been placed in the coffin ever since.

Full report here:
https://static1.squarespace.com/static/5fb304fb74a5527435ec0d68/t/601cc1459314e66565397f2a/1612497224518/Bingo+Letter+Final+2-merged+%281%29.pdf

They are pretty in-depth about this. Anyone with more knowledge know how significant this information is?

My theory is that CPE Capital will use (or might even be apart of) this report to push down their initial $3.50 offer. No point paying a premium if even 25% of this information is true.