Biostar Pharmaceuticals, Inc. (BSPM)

[finesand]

a little bit more color on the deposits

A little elaboration to above numbers, I walked through last days. I talked to my accountant and she was laughing, stating that such investments of course reduces income and therefor tax. So company here makes deposits in advance for future investments. Some are almost final and hence not earmarked refundable some are quite fuzzy and marked refundable. I saw that this status has changed with some deposits accumulation over time, see in above table. Therefor company did a great job accumulating profits for future investments (acquisitions). The mentioned acquisition to be finalized soon, no more earmarked refundable, has the ability to boost company's revenue. It has to be noted that all this cash accumulation happened with own revenue and not like XGTI's dilution + RS :) Hence this is a very bullish attribute of this company and the deposits are real, accounts being audited in 10-K.

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