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Courtesy of Benzinga.
“This is yet another indication of what we have said all along, that Sino-Forest’s management has committed a massive fraud and has deceived its shareholders and creditors. If the company were really generating close to $2 billion in operating cash flow, it would not have had to file for a court supervised restructuring with its creditors.”
We have not seen a lawsuit and, therefore, cannot comment on it.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.
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