Replies to post #247 on Skystar Bio-pharmaceutical Co. (fka SKBI)

[RealDutch]

which means that the $16 million that they showed in cash as of the June 30, 2015 Balance Sheet, never existed

It probably means that someone didn't pay up. And that was the reason why the employee falsified the bank statements to begin with. It doesn't mean the money is missing.

[RealDutch]

which means that the $16 million that they showed in cash as of the June 30, 2014 Balance Sheet, never existed

btw, you misinterpreted that.

It doesn't mean that the money wasn't in the account on June 2015. It simply means that RELATIVE to last year, cash will be $16M less. And that's because A/R is going up RELATIVE to last year.

And that's because they have to disclose material changes RELATIVE to last year if they are late reporting the numbers.

http://www.sec.gov/Archives/edgar/data/1076939/000114420415049937/v418219_nt10q.htm

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

So there is nothing missing. Nothing at all.