Toubani Resources Ltd T.TRE

RE: Don't count on the restructuring

[Preterist]

Heidi, you said, "If the company really has that valuable assets and put itself on sale just because of the malicious allegation and stupidity of the OSC, can you imaging why buyers won't line up for it?

If there is no buyer with a fair price, the company must be a fraud, Carson Block are right. We lost, because we are wrong."

The real issue is not the VALUE of the trees but the QUANTITY of the trees.  In other words, has Sino Forest indeed overstated the QUANTITY of assets (total hectares).  In any sale, especially under these conditions, the offer price is going to be less than the market value and even the book value.  If the trees are NOT there like SF insists they are (and CB doesn't), the bids (if any) will reflect such a case.  The CFI will not allow ridiculous fire sale prices for the existing assets to be considered.

The entire question about this whole mess is, "Does SF have the trees they said they had.  Carson Block says no.  Sino Forest says yes.

This is the reason that the initial valuation was being done.  If it isn't finished yet, no buyers unfamiliar with Sino's assets will show.  As a shareholder, one would think I shuld be privy to this evaluation, but like everything else in this mess, I doubt I will ever see what the total hectares were and the valuation assigned.  Maybe after the fact...just maybe.

As a shareholder, I would also like to see what the exact "charges" (???) were brought against those individuals who were terminated were.  Why has there been no arrests?  It makes no sense whatsoever!