Ozner (2014 HK): Glaucus Research’s Rebuttals

(2014) Ozner Water International :
Glaucus Research announced another report commenting on Ozner Water’s announcement as “not entirely accurate,” “inconsistent,” and “not inclusive of all changing scenarios”. The short-seller kept their suggestion of Strong Sell. In relation to the allegation of material exaggeration of sales, production and profit, Ozner Water explained days ago that the purported discrepancy is primarily attributable to the timing difference in revenue recognition for accounting and tax reporting purposes.

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