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  "documentTitle": "Sino-Forest Corporation (TRE)",
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  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2011-06-02 00:00:00",
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      "text": "Our local field work in Lincang and Gengma, our calls to the Lincang and Gengma Forestry Bureaus, and open source research all confirm that this alleged sale of 2,265,000 m³ of Yunnan broadleaf exceed the full available quota for natural forest.",
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      "text": "Years of Quota Required: 6.02 years",
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      "text": "Second, the forest area required for harvest exceeds the total area available in the Lincang region under the annual quota of both 2010 and 2011 combined.",
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      "kind": "paragraph",
      "text": "Even if TRE's was able to simultaneous arrange unite a network of provincial traders in five surrounding regions... there remain enormous bureaucratic and logistical obstacles.",
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      "text": "First, as described in detail in section IV of this report, TRE's contracted holdings in Yunnan are in Lincang City and amount to only 20,000 ha (300,000 mu, 15 mu = 1 ha), not the 200,000 ha claimed by the Company.",
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      "kind": "paragraph",
      "text": "Washington D.C. The volume required under either yield calculation is enormous and in excess of both TRE's contracted holdings as well as the Lincang region's local quota.",
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      "kind": "quote",
      "text": "Poyry states that, “Trees are typically felled by axe or handsaw, cut to length” — Poyry",
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      "kind": "source-note",
      "text": "38 See Lincang City, Reply Regarding the Request for Approval D3 (English) 39 Chinese land is typically measured in Mu (亩). 1 hectare (ha) = 15 mu. 40 Muddy Waters field research, and Lincang City Forestry Dept., Lincang Quota, See Appendix C1",
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      "kind": "table",
      "text": "Yunnan Lincang City Region Annual Quota for Natural Forest ('10 & '11) 376,000 m³ Years of Quota Req'd to Meet 2010Harvest From 2,265,664 (m³) 6.02 years",
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      "kind": "title",
      "text": "How Much Forest Did Sino-Forest Forest if Sino-Forest Could Forest Forest?",
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