Jade Art Group Inc (JADA)

[BiotechValues]

A few thoughts on your questions icepicker;

I agree ARs can be an issue if they're not on top of them.

But ARs don't seem to have been a problem in the past, and these are the same cutomers. "due to the Company's experience in the sale and distribution of raw jade in 2008, and the nature of the Company's business, management did not expect any uncollectible receivables."




You also asked: "If JADA is not purchasing jade, then how is the mine funding operations?"

I'm not an expert, but I don't think there are many costs in operating an open pit mine like this if there is no excavation going on. Seems to me the jade just sits there...waiting to be sold and dug up. The cost of operations would be the cost of getting the jade out as orders come in.

Also, JADA is still requiring jade from the mine as they reported that they still have $11.5M in orders to fulfill, or more than 2x what was reported as saled in Q1.