Vip.Com Meets The US Agency'S Strong Report

Many times in the telephone conference with investors, analysts said that they misunderstood the sales data of Le bee network released by them, but we have found that vip.com continues to mislead the market more information on the revenue of Le bee network; the significant increase in the loss of Ovation and vip.com may be the result of vip.com shifting its operating expenses to them; vip.com CFO did not disclose its information on the director of Shengyuan International; his graduation from Nankai University was inconsistent with his date in the Harvard Business School Alumni Association; Mithra had no connection with J Capital or any hedge fund, nor did it have affiliation; reiterated vip.com's remark.

The target price is $2.75 for "strong selling".

Mithra awarded vip.com in May 12th.

The initial rating of the "strong sell" and the target price of $2.75.

Since then, many financial commentators and researchers have expressed their views, different views and conclusions, but we have not seen evidence or more information so far to refute, negate or explain all the serious and disturbing anomalies in the vip.com financial report that we have pointed out.

In fact, we have found more information to support our judgment: vip.com seriously manipulated or misrepresented its accounts.

Therefore, we maintain a strong stand on this stock.

Vip.com has misled the revenue of Le bee net to $250 million.

Vip.com has wrongly informed the market that its revenue is $315 million, but in fact, its revenue is less than $65 million.

Vip.com is obviously paying too high a price for acquiring the assets of Le bee network, and the purpose of doing so may be to use the paction to pfer funds to interested parties.

Vip.com may move a lot of its operating expenses out of its balance sheet.

Over the past two years, the loss of Lok bee net and Oriental fashion has increased significantly, among which the loss of Le bee net is almost three times that before being acquired.

We believe that vip.com may shift operational expenses such as logistics expenses to the companies that we invest in.

Yang Donghao, vip.com CFO, claimed in 1993 that he graduated from Nankai University in 1993, but in 2013, he graduated from Nankai University in 2013.

At 23:20 on May 30th in Beijing, vip.com's share price fell 88 cents, or 3.47%, to $24.50.

This price is still significantly higher than the target price of $2.75 set by Mithra.

Mithra also disclosed that it was shorting vip.com's stock.