below 30c here we go, page-21

TRF still has to issue a swag of shares and it sure isn't going to happen over 40 cents a share.

Its IFE holding has been marked down to the 70's range, ROL has been moved from over $2 down to its current level.

So the future:

1. IFE will need more capital

2. ROL will need more capital

3. TRF will need more capital.

TRF's assets are going down in value, not up. TRF will need more money via shares and options. Dilution is on the way.

The "TRF price keeping operation" moved TRF up to the mid to high 40's on fluff.

IMO based on upcoming cap raisings the only way for TRF shares is down.

What happens when a market correction hits?????