China Growth Stocks

[grimreaper]

NEP....Its not that difficult for auditors to confirm the relationship with PetroChina. For the end of the year audit, you select 2 or 3 months and send a confirmation to PetroChina asking them if NEP sent over xxx number of barrels of oil for the following months. Its all computerized and should be simple for PetroChina to confirm. Then you compare what PetroChina confirms and what NEP has on their books. Typically if there is a legitimate relationship, the only problems are end of month timing issues.