China Power Equipment, Inc (CPQQ)

[GorillaGorilla]

Hi Trader, Nothing Clever I'm afraid... took Item 4 in 10-Q found property and machine value and multiplied by 2 - about $7 million.

I suspect that this number would be affected by amoritization? So I added 3 million - fudge factor or what?

Also forgot there was $1.5 million cash on the balance sheet... keeping $0.5 for operations that's $1 million less they need to sell.

Assuming warrants are exercised and they need $1 million a month. If not more like $2 million. Assuming they don't want everything up front.

Is there any reason not to exercise a warrant if your in the money? Perhpas you want the coupon and exercise later?

Feels like were more like venture capalists than investors at the moment. I wonder when the rain will end?

rich