Rodddersre Sino ForestI'm not sure how RC will make money out of...

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?