Toubani Resources Ltd T.TRE

Gravity of Muddy Waters Risk

[bendergarden]

Don't underestimate the gravity of the risk to Muddy Waters.

They have earned the grudging respect of many, by being right. They are sophisticated, shorts or not, much more sophisticated than most long players., as the short side is a harder game and the research demands are much higher and unavoidable.

Muddy Waters reputation is on the line here, and they've gone "all in".  This is a bold move. Wrong on this, and no one will listen to them ever again. Don't think they haven't come to the table ready to play: I wouldn't bother doubting that they have done the sleuthing and the hard diligence .

 Muddy Waters is based in Asia in an undisclosed location, and they seem to be able to poke around where others can't.

I used to hate them, and Citron, and think they were full of crap.  We are beyond well beyond that now, and there is no arguing it. They are not full of crap.  

What I used to think of them, I now basically think of China, so to speak, at least in some respects.

I am still somewhat amazed of course. I have made a ton of money off Sino the past 5 years or so. It had been sinking latey, and I was ready to jump in again.  Just horsehoe luck and timing saved me from getting blasted.

And it's not just Muddy Waters either.  Shorting of Sino has grown to huge levels over the past couple of months, well beyond just everyday valuation shorting. There are others out there who have seen something as well, and are on to this.

This will be interesting.