Contrarian Corpus
Muddy Waters vs. dLocal

dLocal · DLO

1 deck published between 2022-12-01 and 2022-12-01 — 3 pages, 3 analysed slides total.

follow up

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2022-12-01 follow up

    2022 12 MW_DLO_12012022

    3pp · research_note

    DLO's refusal to reconcile 2020 cash flows in writing, while verbally denying misuse on broker calls, confirms Muddy Waters' view that client funds financed the pre-IPO special dividend.