Toubani Resources Ltd T.TRE

Cancels analyst tour - bad move

[claritas]

Now more people are going to wonder what Sino Forest has to hide.

Even though there is little coverage, cancelling this important tour is a stupid move.

Shareholders deserved to see the Company show its operations to a group of people with the knowledge base and skill set that would have served all shareholders.

The excuse given is a lame one.  Now the analysts are going to be even LESS inclined to return to coverage even after reports that will be produced by independent consultants somewhere in the future.

This was a grand occasion to rebuild confidence.

Now it looks as if they are going into hiding, playing into the hands of the short seller community.

Act like a thief and you will be treated like one.

Any company that undergoes an audit of this scale is bound to have legitimate errors if on a non-material scale.

Now any error will be blow up and if the errors are large....well end of story.  No refinancing of the debt and there is a fair chance Sino would go under....

They should reconsider and also give better explanations on what is going on.

From bad to worse...