RE: OSC can go back to sleep Richard ChandlerI agree that theproblems are systemic... The problem is China thinks this is business asusual and there is not problem.
the bank wasnever going to go to zero - You appear not to know many did go to zerothousands were arrested and hundreds went to jail
...this would if it is a fraud. If thereport comes out that it is squeeky clean it sky rockets.
No company in China is squeaky clean
Resource specific – Conflict of interest since you appearnot to be able to read an Asian language thenfollow how Andy Fyfe went from President Pöyry Forestry to COO of Greenheart.
This event did not happen overnight and had the blessing of many. The present business as usual is in nobody’sbest interest and has the ability tocause social unrest which is always China’s #1 concern.
The first time China opened its doors to the world was via theOlympics. They learned quickly that when you enforce thelawless it is profitable. Controlling Olympic Merchandise sales were soprofitable that Government was open to a new business model.
Financial Crisis confirmed theywere open for a new business model.
Chinais looking for tax invasion and minimizing civil unrest. Civil unrest is an offspring of what happenswhen corruption exhausts.
Forestry has a global market and a global audience.
You appear to be rathermyopic based on your comments that Canada media or short sellers areto blame for Sino-Forests situation,
This is about governance or lack of on all levels from managementpersonal loans, tax evaders, organized crime to organized analysts, securitymarkets, underwriters to accountants, tax haven business structures; legalinternational recourse…the list islong.
This is not buyerbeware boots on the ground will saveyou. This is investing in a country thathas no comprehension of the outsideworld from bookkeeping to taking corporate profit via personal guarantees tobanks without due diligence only to play thereal estate development speculation and lose your projects.
Happened in Hong Kong, Korea, Singapore,Japan and the same criminals that were pardoned by their home countries showed up in China
The good investment news is theconsequence for Chinese Nationals will serve as a wake up