OTCPK:TOUBF - Post by User
Comment by
shiftmanon Apr 22, 2012 10:55am
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Post# 19821296
RE: Gone for Good?
RE: Gone for Good?
Spade a spade
Last year when the name CB first hit the papers and the stories of Sino forest made the headlines of every paper in the country and we were all wondering is Sino Forest a fraud. At that point we knew there is a problem. The shares were trading widely people were screaming profanites why don't OSC or TSX put a cease trade order on the stock. Well we knew at this piont in the game we had three options get out, stay in , or day trade. If you called Sino they had nothing to say, empty offices, a dumb bit*h of a secretary who can hardly communicate in English, a board of directors who did nothing. Now your wondering if your shares are worth anything. You know that Sino insiders sold there shares that should have been your 4th clue. R Chandler buys distressed companies clue # 5. I know it hurts but your shares are worthless paper now as the directors will make sure there pensions are taken care of, severance money is secure and that there is very little money left so bankrupcy can go through fast so the true story never hits the papers, OSC , TSX will want ths to go very smooth also so they don't get their as*es sued off. They sanctioned this fraud from day one gave the license for it to operate.
Now you have a nice tax loss against future gains so its not really all bad, as you won't have to pay so much to Harper next year.
Hope this helps.