China-Biotics, Inc. (CHBT)

[viking86]

Hey gang, I am starting some DD here. Looks very interesting.

Has anybody been able to refute Waldo Mushman's charge about the BDO Limted issue? After all the difference in the # reported is huge, 30M+ to 40M+ of rev difference b/w SAIC and SEC:

SAIC report:
rev 2007= 0.4M, 2008=0.5M
NI 2007= (1.10),2008= (1.2)

SEc report:
rev 2007= 30.6M, 2008= 42.3M
NI 2007= 10.9M, 2008= 17.5M

But there is no Muddy Waters follow up here. Does the charge hold?

http://seekingalpha.com/article/213213-orient-paper-not-all-bdos-are-the-same?source=yahoo