Subaye, Inc (SBAY): I think that's reasonable... I was looki...

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GorillaGorilla

Re: Traderfan post# 1085

Sunday, 11/01/2009 4:52:43 AM

Sunday, November 01, 2009 4:52:43 AM

I think that's reasonable... I was looking at the numbers and thinking... they've given an estimate for 2010 and 2011 - how about 2009 because it didn't make sense given the growth smile

If you look at "NOTE 11 - TAXES" in the filing they say that they have a tax holiday that ends this financial year... they then go about throwing lots of tax % left right and center... so I'm not sure what they are going to pay! Could be 25% could be 50% of 25% - if you think 15% who am I to say - similar problems working out what's happening at YONG.

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6757646-856-172358&type=sect&TabIndex=2&companyid=86961&ppu=%252fdefault.aspx%253fcik%253d1139570

Anyway, good spot... I will play around with the numbers later on. I'm sure that's the major change between 2009 and 2010 net incomes.

rich