China Growth Stocks

[GorillaGorilla]

SKBI - took out $3M loan *fist pump* - I'm easily pleased. Receivables were down even though sales were up so that plan seems to be working. The pre-paid is where the cash is going but they claim this will drop off in Q4 (Less revenues in H1 of 2011).

"To improve our cash positions and take advantage of low cost bank financing in China, the Company was also able to secure a low interest $3.0 million USD line of credit recently, and took out a short term loan facility for $0.7 million in China. Skystar is paying annual interest rates of 6.3% and 7.2% on these short term loans respectively.

http://ih.advfn.com/p.php?pid=nmona&article=45257040&symbol=SKBI

rich