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Re: BMiles post# 91

Tuesday, 05/20/2008 11:17:10 PM

Tuesday, May 20, 2008 11:17:10 PM

Post# of 170
Yes. They also say, "According to the ruling of the local court dated April 22, 2008, assets of Nanwang with an estimated value of $6,995,516 have been seized and sequestered pending resolution of the said litigation proceeding."

That's definitely a positive. I didn't think they would get anywhere close. I would have thought Nanwang would have come up with that interest somehow if they had that much in assets.

For the earnings, they broke even for the quarter. I was hoping for a bit better.

Quarter over quarter Q407 to Q108, revenues continued to increase and the balance sheet is still in remarkably good shape.