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Re: lugan post# 2249

Monday, 04/11/2011 11:20:56 AM

Monday, April 11, 2011 11:20:56 AM

Post# of 2749
"letter of intent with Beijing JDY Environmental Recycling Co., Ltd. (or "Beijing JDY"), under which Sancon's majority owned subsidiary Sancon Shanghai will acquire 51% equity of Beijing JDY."

Who owns the other 50% of JDY,Jack Chen?.Can Bar do the numbers after dilution through partial ownership,how much will the shareholders benefit?A 70% subsidiary owns 50% in another subsidiary,financial accounting held in the BVI for tax minimisation and secrecy?whats in for the shareholders.

Is letter of intent the same one SRRY signed with the Australian Federal Government(Algae Project)and reneged when it was time to produce the money

The same over statement as Rino "existence of certain material customer contracts"

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