China Growth Stocks

[GorillaGorilla]

CCLTF - providing that they don't feel the necessity to double revenue in Q3 and instead just ramp up production in a cash neutral or, gulp, positive manner.

Without the new facility final payment they would have added 20M RMB cash (US $ 3M) which is what we all like...

Cash and bank balances were RMB 131.9 million (US$ 19.3 million), compared with RMB 150.1 million (US$ 22.0 million) as of December 31, 2009. The decrease in cash and bank balances was mainly due to the final payment of RMB 39 million (US$ 5.7 million) for the acquisition of the Gaoan facility in the first quarter of 2010;

The cc they were talking about looking at the capital structure but understanding what they meant was less clear (I interpreted this as willing to look for other buybacks) - the questioners got worried about dilution but that was the questioners idea and not introduced by management as far as I can tell. At least we know management are savey enough to buy back warrants.

We will see...

rich