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The stock declined 40%, due to .... (read it yourself)

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Amira Nature Foods Ltd (ANFI) today made the following statement.

We are aware of the recent report released yesterday containing false, factually inaccurate and fictional content obtained from previously released false statements, that have been repackaged and distributed with malafide intention.

The author has released this report to clearly benefit themselves to gain monetarily from the subsequent decline in our share price, as already described by their own admission. They have entered a short position and timed this report with a clear purpose to mislead investors and the general public at a time when the company is marketing a major financing event. This flawed report is not in the interest of investors or the general public.

This report is malafide and fictitious. ANFI categorically rejects and denies the many mischaracterizations and factually inaccurate statements put forth in the report that do not reflect reality. We intend to pursue this matter legally.

http://finance.yahoo.com/news/statement ... 00976.html

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