Jade Art Group Inc (JADA)

[gpg]

I think CNOA had an acquisition deposit on its books to the same broker last year that was refunded in the first quarter of this year. The acquisition deposit never made sense to me either - given the amount of money we're talking about here. Given CNOA's connection to CHFI also, and using the same broker, does seem a little suspicious. I was glad to see the CNOA acquisition deposit refunded after the alotted time with no problems though. Could there be something fishy in this deposit - sure. However, it doesn't negate the fact that JADA is a cash cow and extremely undervalued. Another note - given that this deposit was on the books at 12/31, if their auditors have any competency whatsoever, then I have to believe this deposit (given its materiality) would have gotten more than a cursory look.

Definitely worthy of a question to the USA IR rep. If anyone hears back from her on this, please post --- I may try to contact her this week sometime myself.