absolutely hopeless, page-8

Roddders
re Sino Forest
I'm not sure how RC will make money out of this but would be interested to learn.
Sino Forest is not a company with valuable assets that has been mismanaged- it is a fraud mate and it is easily researched as a fraud.
Sadly if yourself and RC still think otherwise then your views on EWC are probably not worth much.

These are the allegations against Sino-Forest ( by Muddy Waters )
Sino Forest - a Chinese forestry company listed in Canada - is the subject of the most spectacular fraud allegation of this cycle of Chinese frauds. The allegation was made by Muddy Waters LLC (MW).

The allegation had three prongs:

(a). The forests largely did not exist
(b). Where they existed the valuations were determined largely by phony transactions with undisclosed related parties (the so-called Authorized Intermediaries or AIs) and
(c). There was no evidence that that many tonnes of wood was harvested in the relevant areas in China - there was for instance nowhere near the necessary number of log trucks

Check http://brontecapital.blogspot.com.au/2011/11/sino-forest-independent-committee.html
for detail.


As for EWC , as a long time holder the problem isn't that they haven't been telling their story , the problem is they've been telling plenty of stories but have nothing tangible to show for it .

To Kiwilad,
No offence but lots of us have had that same call from Brian Allen many times over the past 5 years.

"Everything on track, just waiting on some final approvals..."

I don't suppose he said anything specific that could be verified did he?
No ,probably not.
But they are very engaging talkers.


Maybe West is wrong but as i said before he would be so easy to refute if EWC could truthfully justify their claims of progress.
How hard can it be to post a site photo if works have in fact started ?

To Mont,
Why were Slipform guys at Head Office anyway ?
Did they show you anything at all to indicate EWC have got something materially done in 5 years?