Replies to post #298 on China Architectural Engineering, Inc. (CAEI)

[gbrad86]

something caught my attention..

The amount due to shareholder at June 30, 2008 was $1,319,991 and the amount due to the shareholder at December 31, 2007 was $1,334,856. During the six-month period ended June 30, 2008, the Company purchased construction materials amounting to $2,072,241 from Guangdong Canbo Electrical Co., Ltd. The transactions with related parties during the periods were carried out in the ordinary course of business and on normal commercial terms.

apparently canbo is managed by the chairman's brother? is this true? i'm digging into it

http://china-kangbao.en.alibaba.com/aboutus.html

http://finance.google.com/group/google.finance.719660/browse_thread/thread/503d55740786861f