Jade Art Group Inc (JADA)

[gpg]

Millstone,
I sent Hsin the following email this afternoon. I'll post any response I get when she responds. Take care.


Thank you for your previous response regarding Jada's acquisition deposit. After reviewing the language in the SEC filing, I had one additional question regarding the deposit that I'm hoping you can inquire of the company and provide some clarity on. In the SEC fling, the company states the following:

"The acquisition deposit will be returned to the Company with no interest before August 14, 2010, if there are no investments or acquisitions presented for consideration as of July 15, 2010."

My question is if an acquisition or investment is presented to the company for consideration by the 7/15 date, but JADA passes on the acquistion, will they still get the deposit back by August 14th? The verbage in the filing only states the deposit will be returned if they are not presented with a possible acquisition by July 15. It doesn't provide any details as to what will happen to the deposit and when it will be returned if an acquisition is presented to them, but they pass on it. Any clarification from the company you can obtain on this would be much appreciated.

Sincerely
XXX