That report they released last week? Wasn’t even their best material, according to founder Carson Block who told reporters today from an undisclosed location there’s so much more where that came from and that anyone long Sino should probably be quaking in their boots. You don’t even know.
Carson Block, the short seller whose assertions of financial manipulation by Sino-Forest Corp. (TRE) preceded a 71 percent plunge in the forestry company’s shares last week, said he will release more research “pretty soon.”
“We didn’t really do our accounting tour de force,” said Block, the founder of Hong Kong-based Muddy Waters who’s said he doesn’t like to give his exact address because he’s received death threats. “Our resident accounting monster is chomping at the bit to get going.”
Muddy Waters Plans More Sino-Forest Research [Bloomberg]