China Growth Stocks

[morokoy]

SBAY
"The Company's entertainment media business assets, consisting mainly of copyrights to Chinese motion picture productions, are being marketed to potential buyers and to date, certain assets have been sold yielding gross proceeds of $6.4 million.

Adjusting for the sale of its trade services and entertainment media businesses as discontinued operations effective March 16, 2010, Subaye now estimates fiscal year 2010 revenue of $38.3 million and net income of $12.5 million, or $1.77 per share, from continuing operations for the fiscal year ending September 30, 2010."

They have copyrights on the books, valued as $24.386M, and Crane wants us to believe he can get full value for some old movies - he has to, since that may be the only way they can end fiscal 2010 with EPS at $1.77
I just don't see that happening.