I am quite concerned about the phantom Chinese buyer part - they did seem to do alot of research on this. Would be getting into fraud territory if there is any truth to this. If half of this report is true, why didn't the share price go down by more then 7.5% today?
The other concerning thing is this fund seems to be correct most of the time:
"Glaucus’s record of sniffing out corporate shenanigans has been strong. Of 26 companies targeted by the firm since 2011, only four have share prices higher than at the point of Glaucus’ initiation."
I was hoping for a swift response from management to this report but we didn't get one .
TFC Price at posting:
$1.31 Sentiment: Hold Disclosure: Held
.
