China Growth Stocks

[forzagrifo]

CNOA ... I think the full amount has been received.

However I didn't like that they only reported revenue & earnings from their 60% owned division and gave no information on having collected money for the rice division they sold last year other than the 1st payment they had already received. Something smells to me about these two items.

from the latest PR:
"Business Developments

On February 29, 2008, the Company acquired the California based Bellisimo Vineyard, for $14.8 million. This vineyard produces Chardonnay, Merlot and Cabernet Sauvignon wine grapes. On September 30, 2008, the Company sold its subsidiary, ErMaPao for a non-interest bearing note receivable of $8.7 million which has been paid in full."