OTCPK:TOUBF - Post by User
Comment by
whoa_rimcheeseon Jul 07, 2011 2:40pm
260 Views
Post# 18807523
sinoforestanalyst
sinoforestanalystYou are being misleading, and not fair:
1) When Paulson indicated he was supportive and still was selling and continued to sell, how did management mislead investors? Wasn't Paulson the one being misleading. And if you believe Paulson never said he was supportive, interestingly he never refuted the comments TRE made. Also, TRE would have said NOTHING if Paulson made no comments or was UN-supportive. This isn't complicated.
2) I would not say management was a disaster. Did the call go well? No, I don't think so. However, the PWC investigation and timeline were clearly announced, they did a good job explaining the AI model (better than had ever been done anyway), it was clear that, at least, Chan would buy stock if he could (if you don't believe that, fine), but it was said. One thing mangement should have done, and I am disappointed with, is that the questions that were cut-off - post the responses to those questions on the website with the conference call transcripts. Not sure why they didn't to that - a sign of good faith.
3) The two cheerleaders dropping coverage. Do you think it was entirely their choice? Of course not. The managing director and firm obviously instructed them that the risk/reward of continuing coverage did not make sense. Reputation of firms is key, and even if there is a 5% change this is a fraud, it makes no sense. I would say this is not evidence of anything, and only makes sense.