Dear Pinetree Management

B. Madoff, Sino Forest and now even US Social Security. Public awareness of Ponzi schemes may be damaging investment in Pinetree.

The analyst that attacked and shorted Sino Forest defined Ponzi as company that can only survive by selling more shares. This of course also describes many explorer stocks and possibly Pinetree.

BUT to counter this view, Pinetree has the ability to sell many explorer shares and diversify into more established resource stocks & bonds and other investments.

Is that so difficult? Wouldn't that be good? Please reply here.

best regards
long time shareholder