We are short shares of CAST. Please click here to read full disclosures.
We believe that ChinaCast Education Corp. (CAST) is misrepresenting itself in its SEC financial statements.
Our 40-page report explaining our short thesis for CAST is available here.
We have also written a letter to Deloitte LLP expressing our concerns. The letter is available here.
Kerrrisdale Capital and our clients are short and own options on the shares of ChinaCast. We stand to benefit in the event of a price decline in CAST shares, and will transact in the securities subsequent to this post. Please read our full disclaimer at the end of the report…