11-06-2013, 08:11 AM
Tradestar, Dr Gillis also pretty much dismisses the dso issue very casually.
http://www.chinaaccountingblog.com/weblo...obile.html
"Several experts interviewed by Bloomberg said the high days sales outstanding (DSO) was a red flag. High DSO usually is a red flag, but a fraud perpetrated in this way would be quite small compared to what Muddy Water’s alleges. Muddy Water’s says that over 90% of the business is fake, and you can’t cover that up by edging up DSO."
http://www.chinaaccountingblog.com/weblo...obile.html
"Several experts interviewed by Bloomberg said the high days sales outstanding (DSO) was a red flag. High DSO usually is a red flag, but a fraud perpetrated in this way would be quite small compared to what Muddy Water’s alleges. Muddy Water’s says that over 90% of the business is fake, and you can’t cover that up by edging up DSO."