China Growth Stocks

[derek2000]

BORN Little

I downloaded and read through the "contract" per Mr. Little's link. There are two documents per Little's link, one Chinese and another the English translation of the Chinese version.

Unlike what Mr. Little described in his blog, the so called "contract" is not the actual contract at all.
The document is from Wantong Machinery, which could be bidding BORN's project. It is kind of document that you normally find in an early stage of bidding, but could become a attachment in the final bidding package.

There is no indication that BORN had awarded the contract to this company.

In addition, I am trying to figure out if the machine described within the document (the "contract") could be a pre-processor for what BORN is doing, not necessarily a replacement for BORN's existing machines.

I have no position in BORN, and do not plan to go long or short until BORN is below its pre-October level (less than 8). Just want to check how much meat Little brings to the table.

PS. Link to the documents

http://cid-5a008536448fa3aa.office.live.com/browse.aspx/Borun