I wrote an email to Peter some day ago relating to what you are discussing right now. Peter replied that he would forward my accounting questions. I haven't heard anything yet, but enclose part of my email here.
"Hi Peter, I have some questions that might be to detailed for the CC. I hope you or Solomon can help me out.
First I must say that the report I very detailed with lots of interesting information, thank you very much. It must be quite some work for a company without a “proper CFO”.
I noticed that accounts receivables (AR) decreased by about 23 MUSD during the quarter. However, deposits and prepaid expenses increased by more than 30 MUSD. As it was AR related to consulting income that fell, and “temporary deposits and pre-payments in future assets in future Sino Foreign JV” that increased with about the same amount there is obviously a connection. Can you give me some more details why these investments (increase in deposits) are being done in this quarter, and also it seems to me that some investments are being done in companies that SIAF already consolidate (Fish farm 1)? In such a case, income from consulting to a group company (consolidated) should not be included as income in the first place.
Note 2B in the report page 57
Secondly, are the results from companies that SIAF today hold 25% in like, Prawn farm 1,2, to be found in the report somewhere?
For the CC I hope lines are better this time and that Solomon will address the funding situation future needs and ways of financing."
