“Completely Untrue” Says Focus Media

Geny Caloisi

Reuters has reported that Focus Media Holding said on Tuesday (that’s today of course) that the Muddy Waters report accusing the firm of overstating the number of screens in its LCD network, is ‘completely untrue‘ – perhaps they sent some Chinese men around on bicycles overnight to count all the screens that make up their Sneakernet, Ed.

Alan Ji, a spokesman for Focus Media, told Reuters that the firm would be releasing its statement rebutting Muddy Waters’ claims before U.S. markets open on Tuesday.

Ji was quoted as saying that “The Muddy Waters report about Focus Media is completely untrue,”

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