China Armco Metals Inc. (CNAM)

[mojopuppy]

I would certainly like to know what Andrew thinks for Q1 now given that in Q4 they posted press releases totally $29MM and reported $24.5MM.

The bigger issue is this -- you have a facility that can supposedly produced 1MM tons, lets say 750k as Andrew said. Its been half a year since it started operations. Do they have the sales or not, and what are gross margins? If the steel producers arent' making any money why should the recyclers?

At this point I expect more excuses in May for Q1. We really wont know where they stand until the Q2 report.

The good news is with this kind of bumbling, we can be 100% sure they are not frauds. No crook would ever make themselves look that stupid.