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Last week, a short-seller, Carson Block, and his investment firm, Muddy Waters Research, who were never heard of before, made allegations against Sino-Forest Corporation that caused Sino-Forest’s stock to plunge 71%. Sino-Forest Corp. is a Toronto-listed company that invests in Chinese timberlands. Muddy Waters Research claims that Sino-Forest is a fraud with wildly exaggerated assets [...]
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Sino-Forest responds to allegations that caused their stock to drop 71% last week
Mon 06 Jun 2011 10:00:03 AM EDTLast week, a short-seller, Carson Block, and his investment firm, Muddy Waters Research, who were never heard of before, made allegations against Sino-Forest Corporation that caused Sino-Forest’s stock to plunge 71%. Sino-Forest Corp. is a Toronto-listed company that invests in Chinese timberlands. Muddy Waters Research claims that Sino-Forest is a fraud with wildly exaggerated assets [...]
Posted by ForestTalk.com
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