GHII: Kind of hard for them to delay *too long* on that revenue since they already signed a sales agreement in January 2011 -- At least on that 20M portion :
From 10-Q:
"(b)The Shuian Renjia residential project is located at the south part of East Xinhua Street in Hohhot, and will consist of two buildings each with 17 floors and a total of 364 apartments. The total development area will be 56,841.2 square meters. The Shuian Renjia project is expected to be completed by May 2011 and requires a total investment of 140 million RMB or about $22 million. The successful completion of this project is expected to yield revenues of 227 million RMB or $32.9 million during the fourth quarter of 2011. On January 10, 2011, Jin Ma Real Estate signed a sales agreement with a local company. Jin Ma Real Estate will sell the Shuian Renjia residential units to employees of a local company pursuant to a sales agreement. As a result, Jin Ma Real Estate will collect approximately $20 million by the end of May 2011 and collect approximately $13 million when the sales transaction is completed. "
-Fernando
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