OTCPK:TOUBF - Post by User
Comment by
strelioffon Jul 29, 2011 3:48am
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Post# 18886198
RE: RE: OSC can go back to sleep Richard Chandler
RE: RE: OSC can go back to sleep Richard ChandlerIs he retarded? Read Japan's banking history every night you could watch the hundreds of bank executives under house arrest or the dozens they arrested that day while he was buying....I was over there working and watching while he was buying.
This problem is not Sino-Forest re-structure problem it is a China banking problem just like Japan and just like Korea
but with harsher consequences.
He chose this company because it was cheap with a Western presence and trees can be tagged and counted.
Everyone in Asia expects a very public company restructure because he like many know China Corporate structure is broken. This is not a small cap RTO structure or can't list in Hong Kong problem this is an accepted business practice that up until the last 2 years everyone ignored.
This company is not in Canada but in a big market with a big problem that has big consequences. Once report is out he will get a lot of air time.
If he succeeds not only will the valuation of sino-forest reflect good governance but it will force the hand for others and therefor making China a much safer place to invest.
Not for the faint heart but those who do not mind owning the poster child of corporate governing instead of watching it unfold on tv.