Trio Resources Inc (TRII)

[DragonBear]

What one can count on per Duncan

is he has already muffed up this stock enough to get it suspended by the SEC.

It was actually a clever plan on his part. He brought TRII into the market while the KMAG investigation still had an "informal" status. No longer able to dump KMAG stock into the market for profit- no problem... dump TRII stock until litigation is filed. Since TRII is a separate company, he still gets to keep the stock proceeds after being run out of the market by the SEC. The key being to not get TRII suspended before the SEC files litigation against him due to KMAG. Liquidate TRII, and walk away +$600K, and then buy back the assets for fractional pennies on the CAD. He apparently believed it was just a matter of avoiding the previous mistakes made with KMAG. So he made new ones instead!

Suspension of TRII is just a matter of time. He'll end up having to disgorge the profits from the 38M+ shares he has dumped into the market. Then Duncan will have an additional problem. All of those affiliates who have traded cash for shares they would later dump, are going to be a little miffed. Unless they are participating in the current dump, which can't be discounted. Sometimes a clever plan is not a good plan.