Skip to main content

Sino-Forest -- or is it Monthy Python

Imagine that the entire world thinks that you are a fraud; to debunk these views you hire an independent group that will investigate your business, your assets and your suppliers/buyers.  Sino bought standing forest and then sold these forests to third parties (Authorized Intermediaries ) -- you give the names of these AI and their addressed to your crack team of investigators, these buyers are big firms BTW, the own truck, chain saws and possibly even processing plants (these are huge) then again this can be farmed out to other parties (still these plants must exists somewhere -- trust me transporting timber is not a small scale operation). Then your crack team goes to China and goes to meet with these companies.  Guess what happens in the case of Sino-forest's AI:  The independent investigator goes to the business addresses (supplied by Sino-Forest) but they can find no trace of the companies -- in fact they find other business that have been around for years...

Bronte Capital does an excellent job here, have a gander.  How some of these guys don't end up in jail is beyond me... of course since they are mostly Chinese national living in China, I wish the RCMP good luck in locating them and arresting them (thank God the CFO is Canadian -- he's going to have fun over the next decade).

This is the kind of conversations the RCMP will soon have:

RCMP:  Im looking for Mr. Kai Kit Poon

China Police:  我不知道主席潘启套件


RCMP:  Mr Poon lied to Canadian investors


CP: 他没有骗中国人，所以我不在乎


Nuff said!

Comments

Post a Comment

Popular posts from this blog

what people get wrong about tariffs

 The issue is simple. What percentage of the economy is dependent on tariff goods? The truth, is that the US economy is far more closed than people understand. People genuinely believe that all manufacturing has ceased to exist in the United States all given to China on the altar of woke policy the truth can be further from That statement. Only about 15% of US GDP is related to foreign trade. Of that amount, slightly more than half is from Canada in Mexico. And half of that is energy. What that means, is that about 7% of US GDP is tariff dependent. The proof in the pudding, is how little money tariff generates. People think that 30 or 50 billion is a lot it’s not in an economy that has $3 trillion. The impact on the US economy will be less visible but not absent. Inflation hasn’t occurred yet first because tests have hardly started to bite, but more importantly it’s such a small percent of the economy. Now certain things are critical. The rare earth metals from China were critical....
Post a Comment
Read more

Trump and Venezuela...

The US now owns Venezuela…and not in a good way.  America is not known for its nation building skills, and yet it now owns the disaster that is Venezuela.   Starvation and exodus are the natural progression.   In addition it will become a haven for narco-terrorists, more so than it already was. I am sure that Trump and his friends really thought that little attack very well…I guess that he will now attack Iran now.  
Post a Comment
Read more

Demographics

 I am preparing a kind of family tree for our children so that they know where they came from.  In my family I am the only survivor, although my brother and sister died recently they were both in their seventies (a story I told already).    It was a fun process, but it provided more than that.  First, I married relatively young I was 26 when I married and nearly 30 when our first child was born.   I was looking at my ancestors.  On my mother's side, she had 6 siblings, Four died before the age of 30, two in war, and two from illnesses.  Only she and a single sister survived.   The two boys had a child each but they died in WWII, and the other sister died as an infant.   what is interesting is that every one of my mother's siblings had children in their early 20s.   I know that my mom was hardly 20 when my brother was born.    What is remarkable is that among our friends, we are the only ones to have fou...
Post a Comment
Read more