OTCPK:TOUBF - Post by User
Comment by
draxteron Dec 14, 2011 5:22pm
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Post# 19323131
RE: RE: RE: RE: RE: Some Thoughts
RE: RE: RE: RE: RE: Some ThoughtsThe didn't give the OSC the finger, they gave investors the finger. OSC is just doing its job, and Sino is doing whatever it can to stop them from doing their job. For Sino not to release 3rd Q results and default on payments only serves to validate the OSC even more and have them dig deeper and longer. If Sino cooperated with the OSC things would move faster, but even Sino's own internal auditors and directors encountered resistence from executives and agents, this is clearly stated by their interim report, 2 months to get executive to talk with their own directors...that's unethical, unprofessional, and as clearly can be seen, damaging to the share holders.
Everyone loves to beat up on the OSC (they do make for an easy target), but the OSC wouldn't have to do any investigating if Sino didn't give them reason for it. The blame for Sino's problems rest directly on the shoulders of its executives..