OTCPK:TOUBF - Post by User
Post by
LongoGlueStickon Sep 04, 2011 6:00pm
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Post# 19011262
osc
oscThis is a frustrating time for all long and short. We can't take action because the shares are halted.
Thanks to all of those people, whether they are long or short, who are posting intelligently. We don't need mindless pumping or bashing, just factual information (something we are really, really short on right now).
My feeling is that the OSC does not have enough to go on at this point, especially if they want the shares to remain halted until the end of November... I think they are relying on the PWC report to come out, at which point analysts and everyone else can make up their mind whether this is a massive fraud, small fraud, etc. My opinion is that there have been some shady financials, but nothing of the scope that has been alleged by Muddy Waters....
A 20 million dollar fraud does not warrant a $1.37 share price in my opinion. If Chan and his cronies are crooked, then get rid of them, put Chandler or whomever in there and let them run the company...
The facts are the facts and only time will tell.