OTCPK:TOUBF - Post by User
Comment by
ronaldcoon Mar 31, 2012 9:17am
256 Views
Post# 19742852
RE: let me rephrase my question
RE: let me rephrase my question A lot of people took a gamble on this stock after the allegations and got burned. Anyone that owned Sino as part of a diversified portolio lost some money, but will survive. If the allegation would've been falsed, Sino Forest would still be in business right now and should've sued CB immediately. Even with the allegation, if their business model was real, you would think that the cash flow would be sufficient to meet their obligations. The reason they're going bankrupt is because they don't have the cash flow they said they had and without continuing their fraudelent activity, everything came crashing in (Ex. Maddoff)