OTCPK:TOUBF - Post by User
Post by
Preteriston Jun 21, 2011 9:58am
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Post# 18743137
IT FIGURES
IT FIGURESThe SEC has not charged Carson Block with a thing. It was a false report.
But here are the similarities to which those who fell for should be ashamed...
1) This report was believed without question and without confirming as to whether the contents were true
2) The report was believed because of personal bias (benefit to Sino Forest and share price)
3) People reacted publicly without due diligence
It is EXACTLY the same for Carson Block's report:
1) His report was believed without question and without confirming as to whether the contents were true
2) The report was believed because of personal bias (distaste for Chines companies)
3) People reacted publicly without due diligence
To date, not one single allegation of Muddy Waters Research in the affairs of Sino Forest has been proven accurate. So far, many of his allegations have been proven false. People only want to hear and see what they only want to see...
Is there no investigative journalism out there at all - nothing but innuendo, doubt, suspicion, fear - and all seemingly for personal gain. It is a shame how corporate North America operates these days...