Toubani Resources Ltd T.TRE

RE: RE: RE: RE: RE: Bre-X

[taman1]

If this is a total fraud case, it would be a record for silence ... even in the Enron case cracks were showing quite quickly ... the CFO or someone confessed I think and there was a death too BUT then Enron is NOT a fraud in the beginning, it began to be a fraud when the CEO got to be thinking he is "GOD" and he needed his gargantum expenses to live on and promises to shareholders of constant growth ... so some guys needed to boost their egos by boosting the P and L and BS ...until it ran out of gas

In TRE case , CB alleged it is fraud from day 1 as model is unsustainable and therefore fraud fom A to Z . After 10 years it is called a fraud with cash of nearly a billion, real subsidiaries, trees, Chinese govt recognition etc ... regurgitation

TSX acted because interim report spoke of irregularities and conflicted and non arms length transactions. These are not fraud but actions deemed to be actionable by TSX. TSX acted during acrimonious exchange with Allen Chan asking for his resignation. So TSX may have jumped the gun here but it is within their rights ... so Allen has no choice but to resign because he was purportedly connected to these transactions. BUT will these lead to massive fraud or just some back rubbing, giftings or under table stuff common in Asia ... who knows?

Obviously Chandler knows this is a governance matter NOT massive fraud ... so he bought ...my 2 cents

If it is a governance matter like "bribes" etc TRE will come out okay ... we see $7 in no time BUT if it is total fraud then Allen Chan's name will be as famous as the PONZI character ..LOL ... Cheers