|"The Ontario Securities Commission is formally accusing troubled Chinese timberland company Sino-Forest Corp. and several former executives of lying to investors and attempting to mislead investigators.|
The regulator filed the fraud allegations on Tuesday against the company and its founder and former chief executive Allen Chan, as well as against Albert Ip, Alfred Hung, George Ho and Simon Yeung."
|Some are saying this here TRE-X is missing 90% of whatever the hell it was supposed to have exactly and do the accused have two cents to rub together for a lawyer? |
Rest easy there citizen ...
"Sino-Forest Corp. (TRE) insiders, including former Chief Executive Officer Allen Chan, sold C$81 million ($83 million) of shares since the end of 2006, regulatory filings show.
|Lassoed some real big whale types with this here freakin dopey yarn and the take would make most of our Venture type criminals look like common garden pooh tossers.|
So whoop dee doo. Even the bazillionaires get shorn like the rest of us now and then.
|So everybody has a favourite so called "analyst", and we have loved to hate Mr. Richard Kelertas for his long running verbal stupidity from Dundee during the Tre-X scamola. Its one thing to be a paid apologist for a wicked large scam and quite another to dismiss the allegations as "complete krap" the instant they appear.|
|So it's Allana Potash - AAA.t where our guy lands eh? Pffft. Of course we humans are far from perfect but DAMN. This kind of wicked large dopey brain cramp is almost too much to stomach.|
|"Our next area of interest are the unmitigated and sickening public touts from the likes of grossly conflicted Dundee "analyst" Mr. Richard Kelertas. Before the chit hit the fan he insisted Sino-Forest was a “class act in timberland management in China,”. Its one offensive thing to be professionally ignorant, another to deny the truth completely.|
Fortunately for the public's blood pressure the powers that be have muzzled more commentary from Mr. Kelertas as every word will inevitably be placed under a judge's nose as evidence ... an outcome that should have been easily recognized the day the Muddy Waters report was released."
Before that order came down Mr. Kelertas had this to offer ...
“We are going to provide you with some information on why Muddy Waters research is a pile of crap,” said Richard Kelertas, an analyst at Dundee Capital Markets, during a conference call he held with clients on Tuesday afternoon. “We believe there’s nothing true in that report.”