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Re: None

Saturday, 06/18/2011 7:32:53 PM

Saturday, June 18, 2011 7:32:53 PM

Post# of 1622
Seems my conjecture last night was right. I found one China under recent attack has confirmed this:

http://en.longtop.com/news_info.aspx?id=544

1) There could be differences between what OLP Global claims to have reviewed and what Longtop has reported because Longtop reports externally under US GAAP and not PRC GAAP, which is largely cash-based rather than accrual-based. For example revenue is generally recorded under PRC GAAP when the tax invoice is issued, shortly before collection.


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