Here is our follow up report on $GSX that you don’t want to miss: grizzlyreports.com/gsx-update-6-2… We have been busy obtaining smoking gun evidence, including access to $GSX INTERNAL database and records from third parties that sold massive amounts of fake IDs to $GSX.
We gained access to $GSX internal Gaotu database. The conclusion: Real student count is only about 11% of what $GSX reports to US investors. @muddywatersre analysis came very close to the real numbers; Well done @muddywatersre !
Our report entails technical instructions on how to exploit $GSX database weakness and legally gain access to their internal teacher portal. We uploaded a video demonstration on @YouTube and our website. grizzlyreports.com/gsx-update-6-2…
We obtained records from a third-party vendor in China that alleges that it was paid by $GSX to supply $GSX with fake WeChat IDs and national IDs. We confirmed the authenticity of these documents, including a review of contracts and wire transfers between $GSX and the vendor.
Our analysis of this data confirmed that $GSX bought over 200,000 fake WeChat Accounts. We sampled 3,000 accounts, most of which we could identify as $GSX teachers/tutors. These practices are illegal, we expect Chinese regulators to step in soon.
All documents were submitted to the relevant authorities. @SEC_Enforcement We urge investors and regulators to look into this matter immediately because $GSX will likely try to cover up its tracks now that we have exposed the methodology of its fraud.
CC: @breakoutpoint @ActivistInsight @ActivistShorts @GeoInvesting @KerrisdaleCap @WillauerProsky @hindenburgresearch @CitronResearch @wallstcynic @contrarianshorts @donutshorts @jimcramer @qtrresearch @GMTResearch @davidein @BillAckman @valuewalk @AlderLaneeggs $GSXQ
@GothamResearch @LongShortTrader @PresciencePoint @John_Hempton @quintessentialcm @blueorcainvest @GlaucusResearch @JCap_Research @doumenzi @SIRF_Report @viceroyresearch @BonitasResearch @GlassH_Research @alpha_exposure @FriendlyBearSA $GSXQ
The feedback from China has been amazing, many are stepping up and prove that they are ready and willing to fight for what is right! $GSX is hurting China and China’s reputation globally and in the US stock market particularly.
If you care, the time to step up is NOW. Many previously unknown sources have added valuable insights on $GSX. The $TSLAQ community is an inspiration and has managed to be ahead of Wallstreet research with a crowd-sourced effort. We want to hear YOUR research. $GSXQ 
Notable previously unknown researchers that added valuable insights. @scorpio_vc @leaps_capital Let’s go $GSXQ
