TSXV:GLG.H - Post by User
Post by
bendergardenon Aug 27, 2011 9:26am
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Post# 18985787
I'm behind the times I see
I'm behind the times I see I was coming home from the cottage yesterday and did not see the crap going on with Sinoforest. No wonder everything else is tanking.
Sinoforest gave it away right from day one though, people will see now. They holed up and were silent right from the start, and the "investigation" was another delay tactic. Much like Cathay Forestry: silence and evasion. Real companies would be out with tanks, guns and lawyers from the first minute if they were falsely accused of fraud.
The OSC is investigating many other companies at the moment, quite thoroughly according to todays Globe and Mail. As with anything else, there will be insiders, and information being shared in secret. I wonder what else has been found out there??
GLG looks legit, if for no other reason than only the worlds worst con artist would post their results. Only An0C looks a bit suspect perhaps, in that they have ramped the operation up to a massive scale in what seems like a really short time frame. Enormous number of local branches, the works. Does this seem realistic to everyone?
I think the rest of the Sinoforest story will blow up over the next week or two, and they will be toast.
I'm quite glad to say I bought shares a couple months back for $3.84 and sold them for $7.33 about 3-4 weeks ago or so.
It's been quiet on the China blowup front lately.