Replies to post #3838 on China Teletech Holding Inc (CNCT)

[boatlife]

again u are wrong not a loss..read

Cash used in operating activities was $2,379,889 during the nine months ended September 30, 2014 as compared to $827,100 during the same period of 2013, representing an increase of $1,552,789, or 187.7%. The increase was primarily attributable to an increase in purchases of raw materials, in part in advance of an expected increase in raw material prices, and in part in preparation for the execution of customer orders received for delivery in 2015. Such orders were higher than the number of orders received during the comparable period in 2014.

so the 500k (loss) was due to more orders for 2015 and in my book thats Good

[boatlife]

the total net loss was 500k..due to buying more raw mats for more orders in 2015..read between the lines..