OTCPK:TOUBF - Post by User
Comment by
jamesb14on Jun 13, 2011 10:46pm
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Post# 18710362
RE: Keeping their only Canadian office
RE: Keeping their only Canadian officeFor the same reason Canadian companies have an office of 1 in the United States (in order to do business there), Sino Forest has an office in Canada. It's about perception, obtaining financing and likely a requirement for being listed on the TSX. Sino Forest is a Chinese company and doesn't have any real business to conduct in Canada. Isn't it also Chinese New Year and that's the reason their office isn't inhabited right now? That certainly doesn't make them a fraud.
I'm still firmly in the Sino Forest Camp and bought more shares at $4.00. When a company is a fraud and they're exposed the people that knew something start speaking up. I haven't heard about a single insider, employee, auditor, government official, resignation, firing, etc. to be spoken of and nobody's heard from Carson Block in over a week.
I'm sure the story's real and the real investors just got taken for a hell of a ride. I'm sleeping well tonight and expect to make a tidy profit in the next few days.
Jamie