Toubani Resources Ltd T.TRE

RE: SINO - fact or fiction

[unclesam2]

Here's how I see this playing out.

- Sino comes out with a report detailing their land and tree holdings clarification against the G&M allegations and  "hope" that the market believes "them" and not the " 2 week investigative reporter".
- Based on the market sentiment, howver, looks like the "reporter" will be believed for now....

- However, one thing which might happen is that TRE gets halted before market opens Monday... I see this as a very high probability scenario considering that the company is also under OSC investigation.

-If the halt happens, that might be the best thing that happens for investors (long investors !!) because it will give time to the auditors at PWC to come out with a report which hopefully will answer all the "questions" raised about TRE.... The halt should stay in place for the period till the audit is completed.

- OSC might be contemplating this over the weekend.....

- It will be really amusing to watch if this really plays out... coz if you are CB or anybody on the short side...this will be your "worst nightmare" come true.

Disclosure: I do not hold long or short positions overnight, especially on the weekends...