Carson Block

Muddy Waters: Olam Shares Worthless, Company Cannot Repay Debt

Muddy Waters, the famous short biased research firm, has a new report on Olam International Ltd (SGX:O32). The Singapore based company was the target of Muddy Waters in late 2012, but there has been little news on the topic as of late. Muddy Waters has just issued a new report attacking Olam and stating that the company likely cannot repay its debt and shares are worthless. Below is a brief excerpt followed by the full report in scribd.

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