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Muddy Waters credits ShareProphets and Drunken Sailor as publishes new Burford dossier

By Tom Winnifrith, The Sheriff of AIM | Tuesday 27 August 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


To his credit, Carson Block has credited us fully in his new dossier covering the Napo scandal. The contents will be familiar to our readers having been published here 2 weeks ago. But it has aroused the deadwood press. I have already had one hack on the trombone seeking further clarification. The citical point is that without a Napo win fee, Burford (BUR) would have reported a 2013 loss, not a profit, shortly before getting away a big bond issue. As I noted in a letter to the Nomad Johnny Allison ten days ago "name that case!"  Burford's failure to do so is telling. The new Muddy Waters dossier is below:  

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