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Re: Scherzman post# 3626

Thursday, 09/08/2011 4:33:35 AM

Thursday, September 08, 2011 4:33:35 AM

Post# of 40914
Hi Scherzman, 17 Mill. Shares? You are crazy, top or flop lotto? Good luck! Den Totalverlust scheinst Du in Kauf zu nehmen?


As of December 31, 2010, the remaining balance due Mr. Li was $2,710,605. Pursuant to a letter of commitment dated December 31, 2010, during the six months ended June 30, 2011, Mr. Li advanced $1,042,069 to the Company and was repaid $655,403. As of June 30, 2011, the balance due Mr. Li was $3,097,271. Mr. Li has agreed that the Company may repay the balance when its cash flow circumstance allows.

Why pay Li money, when Kiwa going bankrupt? I do not believe it.

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