China North East Petroleum Holdings, Ltd.(fka CNEP)

[GorillaGorilla]

The warrant charges were flagged up either in last quarters CC or during a PR or something - this will affect us going forward. I didn't know there was an revision going backward. That said:

Non-cash warrant charges are irrelevant - it may affect the stock temporarily but in the end it's about how much money the company makes. This argument has been played out many times on the boards and no one has disagreed with this point. Any stock that has warrants denominated in one currency and works in another has been affected by this. Which is, like, half of the Chinese companies on US boards.

The important thing is that they flag it up and spell it out during earnings releases.

I'm certainly not changing my holdings based on if they get warrant charges or not.

rich