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Post# of 163716
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RealDutch

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RealDutch

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Re: The Swede post# 125797

Sunday, 12/10/2017 10:49:11 AM

Sunday, December 10, 2017 10:49:11 AM

Post# of 163716
That is impossible because they don't book the land use rights of the MF (or FF2). And the MF only has ordinary ponds, developed cheaply.

The piece of land we are talking about is close to 33 acres and in Shenwan, held by CA. The LUR itself is valued over $4M. The problem is, when you ask these guys about the $18M pond, they have no idea what you are talking about. And they interpret it their own way. You have to point your finger to it on the balance sheet.

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