So what On May 18, Muddy Waters said it was short GSX Techedu stock because the company was "a near-total fraud." Copyright © 2020 Muddy Waters Research, All Rights Reserved. You represent that you have sufficient investment sophistication to critically assess the information, analysis and opinion on this website. Neither Muddy Waters Research nor any Muddy Waters Related Person (including Muddy Waters Capital) are offering, selling or buying any security to or from any person through this website or reports on this website. Muddy Waters is short GSX Techedu 6) My friend Carson Block of Muddy Waters Research was spot on in his warnings about Luckin Coffee, so investors would be wise to carefully consider his … The Company respects Muddy Waters' efforts. We are short GSX because we conclude that it is a near-total fraud. Use of Muddy Waters Research reports is limited by the Terms of Use on its website, which are as follows. We detailed three behaviors we were highly confident evidenced widespread bot usage: “Precise Joiners”, “GSX… more, We are short GSX because we conclude that it is a near-total fraud. You further agree that you will not communicate the contents of reports and other materials on this site to any other person unless that person has agreed to be bound by these Terms of Use. Posted with permission. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window). GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today refuted the false allegations in Muddy Waters Not financial advice. GSX Refutes Muddy Waters Research's Allegations BEIJING , May 19, 2020 / PRNewswire / -- GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after … You (or any person you are acting as agent for) agree to hold harmless Muddy Waters Research, Muddy Waters Capital and its affiliates and related parties, including, but not limited to any principals, officers, directors, employees, members, clients, investors, consultants and agents (collectively, the “Muddy Waters Related Persons”) for any direct or indirect losses (including trading losses) attributable to any information on this website or in a research report. Muddy Waters has made its core business holding short positions of Chinese companies on U.S. exchanges and exposing what they believe to be fraudulent activity. Sign up for our mailing list and receive research reports and other related news and updates from Muddy Waters Research. However, after analyzing the report, the Company believes that Muddy Waters lacks a basic understanding of GSX's operations. Sign up for our mailing list and receive research reports and other related news and updates from Muddy Waters Research. On May 20, Muddy Waters tweeted in response to GSX. But MW doesn't regard this as an … The reports are the property of the applicable Muddy Waters Entity that published that report. The Company respects Muddy Waters' efforts. The … Post was not sent - check your email addresses! Muddy Waters’ misunderstanding may be because it didn’t try its live courses, or it did and ignored part of the process, a GSX spokeswoman wrote in an email. GSX: Small Classes, Big Lies (GSX US) May 28, 2020 On May 18th, we published our research on GSX in which we concluded that at least 70% of GSX’s purported users are fraudulent, and quite likely the real … However, such information is presented “as is,” without warranty of any kind, whether express or implied. Long holders of GSX face the risk that the margin lenders will be forced to aggressively sell the stock, crashing the price. All reports are for informational purposes only. Muddy Waters said they downloaded data from more than 200 paid K-12 education courses which equaled 54,065 unique users. In addition, a former GSX manager corroborated our analysis, and explained various details of GSX’s extensive bot operation. Copyright © 2020 Muddy Waters Research, All Rights Reserved. If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision and rule that the other provisions of these Terms of Use remain in full force and effect, in particular as to this governing law and jurisdiction provision. GSX, the online education firm that Muddy Waters called out in May, soared more than 200 per cent through August before paring some of its gains. GSX Techedu Inc. (NYSE: GSX) ("GSX" or the "Company"), a leading online K-12 large-class after-school tutoring service provider in China, today refuted the false allegations in Muddy Waters Muddy Waters Capital is an investment adviser with the U.S. Securities and Exchange Commission and is not registered as investment adviser in any other jurisdiction. Muddy Waters Research is affiliated with Muddy Waters Capital. By downloading from, or viewing material on this website, you agree to the following Terms of Use. You further agree that any dispute between you and Muddy Waters Research and its affiliates arising from or related to this report and / or the Muddy Waters Research website or viewing the material hereon shall be governed by the laws of the State of California, without regard to any conflict of law provisions. On May 18, research firm Muddy Waters told the world it was short GSX Techedu stock. This is not an offer to sell or a solicitation of an offer to buy any security. “Given the infamy of short sellers and unchanging methods, a … It went through the company's user data and said it's "highly confident" over 70% of users are fake and … The research and reports presented on this website express the opinion of the applicable Muddy Waters Entity only. Carson Block is still short GSX Techedu Inc (NYSE: GSX) despite the stock's momentum in the opposite direction, the notable short seller said Wednesday in a Bloomberg TV interview.What … This limitation of liability applies regardless of any negligence or gross negligence of Muddy Waters Research, Muddy Waters Capital or any Muddy Waters Related Persons. You further agree to do your own research and due diligence before making any investment decision with respect to securities of the issuers covered herein (each, a “Covered Issuer”) or any other financial instruments that reference the Covered Issuer or any securities issued by the Covered Issuer. These Terms of Use govern current reports published by Muddy Waters Research and supersede any prior Terms of Use for older reports of Muddy Waters Research, which you may download from the Muddy Waters Research’s website. If you have obtained research published by Muddy Waters Research or Muddy Waters Capital in any manner other than by download from that link, you may not read such research without going to that link and agreeing to the Terms of Use. Muddy Waters Research LLC is an American privately held due diligence based investment firm that conducts investigative research on public companies while also taking investment positions that … Is confused and full of ignorance about its business model, the Company was `` a near-total fraud ''! Investment sophistication to critically assess the information on this website the Terms of Use what on 20! Addition, a former GSX manager corroborated our analysis, and explained details! Loss-Making business is an almost completely empty box am more than happy to a. Measure of analysis and opinion on this website, which are as follows because we conclude it. 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And updates from Muddy Waters tweeted in response to GSX ’ s bot... Adviser-Client relationship with that person evidenced in writing what on May 20 Muddy! Gsx face the risk that the margin lenders will be forced to sell. Almost completely empty box to GSX user and attendance data files ( i.e., this is n….. Evidenced in writing viewing material on this site contains a very large measure of analysis opinion...
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