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Re: Growth And Value post# 9605

Thursday, 04/28/2005 10:27:06 AM

Thursday, April 28, 2005 10:27:06 AM

Post# of 19547
"Since the assets of Velvet Textile Mills were used as collateral to buy the semi trucks in 2003, I can only speculate that this could be a reason why the auditor declared a lack of absolute control."

As I often said, a source of mine had alluded to this and mentionned that effrectively, Matin had lost control of this asset (with right to buy it back). However I wasn't able to confirm it up to now.

I may have missed something but where did you get this information.




Patiently,

Roger