Bond investors are only too aware of the accounting maxim that revenues are vanity, profits are sanity and only cash is reality. Sino-Forest has been brought back to the real world. It has failed to meet a deadline to publish its results, delayed the final report of an investigation into fraud claims and will miss an interest payment. It?is?considering?its?options. These are limited.
債券投資者實在太看重“收入是虛榮，利潤是理性，只有現金才是真”這句會計箴言了。嘉漢林業(Sino-Forest)被帶回到了現實世界。它未能在截止日期內發布業績，并推遲發布了有關欺詐指控的最終調查報告，此外它還將無法償付一筆到期利息。眼下，它正考慮其它備選方案，但選擇十分有限。
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