date:Sep 03, 2013
alleged by Glaucus. In its defense, Minzhong showed tax filings, and said it had documents and photographs to confirm capital expenditures.
Glaucus stood by its report on Monday.
After needing a full week to prepare answers to the most basic questions about its business, we believe that Minzhong's response is not only inadequate, but that it also raises a host of additional red flags which further corroborate our underlying thesis, Glaucus said in a statement.