Subaye, Inc (SBAY)

[morokoy]

A problem I am having, is that looking at the SCE filings, it still seems to be written in Mandarin, and needs translating! lol! However, I am giving them the benefit of the doubt. It seems that every sentence one reads, brings up 2 questions. For example, here is a press item from JULY 10, 2008

BEIJING, July 10 /Xinhua-PRNewswire-FirstCall/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST; Frankfurt Stock Exchange: TQF) announced today that its wholly-owned subsidiary, 3G Dynasty Inc., an entertainment and media investment firm focused on developing entertainment content for Internet, television and film, announced that it has completed the film "Dayoucun Subaye," a contemporary drama illustrating the culture and contrasts of Guangdong's 100 million people. An Asia premiere is planned for later this summer.
From page 17 of the last 14c of September 30, 2009.
The Company expects to release the DaYouCun motion picture by October 31, 2009.
(a) Why did it take 16 months to get to market?
(b) HAS IT BEEN RELEASED???

On the other hand, at page F50 there is this gem -
NOTE 15 – SUBSEQUENT EVENTS

On November 3, 2008, the Company’s subsidiary, Subaye IIP Limited entered into a contract with Gold Swallow Show Shop Limited (“Gold Swallow”), a PRC-based management agency for 14 shopping malls in Guangdong, China for 1,700 software licenses to be utilized by tenants within Gold Swallow’s shopping malls. The contract is for a term of one year. The license fees earned by Subaye IIP will be $170,000 per month or $2,040,000 in total.

On December 16, 2008, Subaye IIP Limited entered into a contract with Gold Swallow for 2,200 software licenses to be utilized by tenants within Gold Swallow’s shopping malls. The contract is for term of one year. The license fees earned by Subaye IIP will be $220,000 per month or $2,640,000 in total.

Holy crap what sweet deals! All in all, I'm slowly being converted to the fact, that they are a multimedia conglomerate.