Carson Block says he isn’t a ninja assassin
Carson Block, founder of Muddy Waters Research
Carson Block says he is not a ninja assassin who recklessly takes down stocks, but instead someone who protects investors.
In an interview with Bloomberg Television, Mr. Block, the founder of short seller Muddy Waters LLP., said he remains just as certain today that Sino-Forest Corp. is a fraud as he was on June 2 when he published his scathing report on the Canadian-listed Chinese forestry company.
Mr. Block said he is still personally short the stock, which has fallen 80% this month, and continues to research Sino-Forests accounting practices as well as recent disclosures made by the company.
He also said Standard & Poors copped out when it partly blamed its credit downgrade of Sino-Forest on the Muddy Waters report.
David Pett
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