OTCPK:TOUBF - Post by User
Comment by
Chileanmafia1on Jun 07, 2011 8:49pm
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Post# 18684150
RE: RE: MAJOR DEVELOPEMNT...7:30 PM
RE: RE: MAJOR DEVELOPEMNT...7:30 PMWhat I know about managers of public companies - they are not trained crisis managers - they are usually smart people with good management skills doing the day to day stuff...
However when a crisis hits (that is outside of the company play book) like for example when a mining company has a mob of angry villagers blocking its road and burning their camp or a hydro company has a government pull its concession, or when a company is systematically attacked by a clever short seller and the accusations that take time to prove - then panic sets in.
What happens next as a result of mgt not being familiar with crisis mgt is that the share price goes into a tail spin and the sky starts to fall - I have seen this happen many times over the years - but the good news is with time and good leadership at the helm these companies rebound...
it is also important to note that he market moves on emotion - for every negative comment about the company it will require 10 times the number of positive reports. So Sino needs good news and lots of it!!!
So this means that mgt has to hold the hand of the investor or else we will go into free fall....
i do think Sino management is starting to understand the mess they are in and they need time to sort it out - unfortunately time is not a luxury they have right now so for all of us with a position in Sino we have to hang on to our seats as we continue to ride this un-controlled un-manned roller coaster...