stock chaser, read the last sentence of the announcement posted by u.

stock chaser, toyo put the ISD 2 years ago as a form of deposit with a BG. after termination MOIT is entitled to the ISD, which is why they called on the BG.USD33.5mil. now this BG is forfeited but toyo is clinging on by filing a dispute notice. the financing is also not in place.

stock chaser. the department do not call on yr security deposit unless the agreement is terminated. toyo worded it ambiguously. same like a tenancy agreement, the landlord will not forfeit yr deposit unless the tenancy is terminated. Toyo management is screwed up. always issue announcements that no-one understands to hide the truth. just cut loss and sell.

assaulted peanut, u r absolutely correct. this stock chaser trying to clear his stocks. sell for goodness sake. this company is going into PN17. they delayed the accounts to avoid writing off this investments. the dispute is filed to try to show there's still some hope. unlikely the auditors will buy it. bye2. PN 17 coming

stock chaser, do u know what u r writing about? when MOIT calls on the ISD, it means game over. the ISD is a security deposit to guarantee the success of the project.