I had finally sold all the new TTF shares making around a nickel (500) per share. T want to thank all the fools and the market for making me look good speculating TTF.
Since I do not believe that TTF can pay a 500 VND dividend/share within 3 years, I will not messing with TTF again unless short sale is legal.

I just read a report on stockbiz that a big shareholder of TTF (VN Investment Fund: "VNIF") did not exercise its right to buy more than 3 million new TTF shares. VNIF was technically in violation of the disclosure rule because its inaction had caused a serious change in its big shareholder ratio (15% to 10%). VNIF did have a representative in TTF board of directors; therefore, this is also an insider trading case!!!!!
VNIF had gave its approval for the new share offering, but it chose not to buy the new shares because it had insider knowledge that the 2012 TTF financial reports were faulty.
A lot of TTF small investors and poor SHS might not buy the new share if they had known that VNIF would not buy the new share!!!!!!!
The new share offering was just a 90 billion VND scam successfully executed by TTF management.

I was too tired after the HTI shareholder meeting yesterday to attend the TTF meeting. I am sorry to disappoint the shareholders who had asked me to represent them. Let "sell in may then go away"!!!!

Itlook like I had made a fool for myself. TTF was lower to 5.000 , and my comments proving that TTF management had lied about TTF 2012 financial report may be the reason.The zero % change that I will lost money on the new share had increased to 30% (more in a prolong bear market).
I thought TTF will make some money in 2013 because of the 96 billion VND offering unless TTF management is very bad, but lying management is bad management !!!!
TTF directors and all high level management should offer their resignation in this week meeting so the shareholders can do what is best for the company. The odds are the shareholders will have to do the dirty job themselve!!!!!!!!!!!!

Some shareholders had asked me to represent them at the 2013 meeting. It will be interesting to hear TTF management's explaination regarding the loss rather than profit for 2012. TTF had not publicly explained the reason for the discrepency.
The friend also told me that it may be an honest mistake by TTF management, but it is my opinion that it was a deliberated lie. I only spent a few hours reviewing TTF financial reports to decide that it was doubtful, and TTF management had spent months working/cooking the data (for a successful new share offering?). More than 12 million new shares were unclaimed by existing shareholders so there were a lot of other investors also had doubt except TTF management!!!!
I hope that TTF management will publicly give a good explaination for the 2012 loss and the discrepency so I do not have to ask them at the meeting (the directors probably will say that: "we will have an explaination later....")!!!!!

My opinion 3 months ago: "I had doubt regarding TTF's claim about its profit in 2012" was finally validated by its independent accounting firm!!!!!
TTF 2012 earning was -3.3 billions instead of +16.2 billions (source: stockbiz).
I should give myself a MBA or even a Ph.D in finance for realizing that TTF was just a speculation, and I was able to take advantage of the bigger fools who believe in TTF management. In the future, I will be able to take full advantage of these fools and lying corporate managers in similar investing/speculating cases.

It look like I will not be at the TTF shareholder meeting because TTf will not distribute the new shares before 04/04/2013. TTF directors is trying to secure their jobs one more year before the new owners force them out.
If the new owners can get more than 51% (which explains why TTF had been up until my comments!!!!!!), they can call another meeting to do it. If the current board of director realy want to keep their jobs, they will have to pay at least 1.000 VND divident for 2013 to buy my vote.

TTf has been lowering again today (6.300). It look like my 45% odd making nickle or dime on my new TTF shares had double to 90%. I am expecting to sell those shares from 5.100-6.000 as soon as I get them.

It looks like my comment had forced (SHS/buyer of TTF new shares) to slow down the buying, and TTF had dropped like a rock for the last 2 days. They might have reached the 5% limit and they had to stop for the disclosure requirement. If SHS/buyer has been buying TTF, they already are in violation of the disclosure requirement because they are technicaly over the 5% limit.
It is easy for the government to find out who were buying large blocks of TTF in the last few weeks, and teaching the big shareholders a lesson about the disclosure rule.

I want to correct an error on the last comment: It is SHS and not SSI who got over 12 million new shares of TTF at 5.000(source: Cafe F). Furthermore, while I thought the odd of making money (when I chose to exercise the right to buy) is 55%, the odd that I will be loosing money is near 0% because TTF will have more than 80 billion VND in hand to pay high interest debts...I do believe that TTF will make some money for 2013 unless TTT will be very badly mismanaged, therefore, TTF will not drop below 5.000 after it distributes the new shares.