OTCPK:TOUBF - Post by User
Post by
slickca21on Aug 12, 2011 6:53pm
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Post# 18937750
Interesting interview on Sino Forest site
Interesting interview on Sino Forest siteHi Everyone, I just got into this position today really based on one comment that was said on the interevew with the CEO on their website. If you haven't watched it yet, you should. At 2.07 of the intervew, he says that " in china we cannot own the land, but own the trees". I apologize if this was mentioed before, but i'm too lazy to go through old posts. If this is the case, basically what Muddy waters said that "based on goverment land holdings, there is no way Sino forest can have that many trees and that is why we believe fraud..yada yada.
Well, what good is looking at land holdings since it won't show Sino owning the land, but only the trees.......
Now, i'm not sure if my point has any validity, but it would make sense that if can't own the land, well it won't show up in goverment land holdings....however, they do own the trees....which is all that matters..