Wonder what ckgt is up to??? Once again read the bottom line. I believe it is happening in Mexico but not sure as I've been told the expansion includes the US for cigs. Any comments?
Liquidity and Capital Resources
We had cash and cash equivalents of approximately $2,279,956 and $2,918,068, as of June 30, 2010 and December 31, 2009. Our funds are kept in financial institutions located in China, which do not provide insurance for amounts on deposit. Moreover, we are subject to the regulations of the PRC which restrict the transfer of cash from China, except under certain specific circumstances. Accordingly, such funds may not be readily available to us to satisfy obligations which have been incurred outside the PRC.
