Replies to post #264 on Sen Yu International Holdings, Inc. (fka CSWG)

[loss-pro]

WOW! very generous majority shareholder:

As a result, at June 30, 2009, we had no long term debts. We did, however, owe $11,169,236 to our majority shareholder, Ligang Shang, representing funds he loaned to Advanced Swine during our development period. At the end of the recent quarter, however, Mr. Shang agreed to waive his right to collect that sum, and contributed it to the capital of the Company. Accordingly, our working capital increased by the amount of the cancelled loan, as did our paid-in capital.

Our working capital, therefore, at September 30, 2009 totaled $24,744,674, an increase of $14,865,702 from our $9,878,972 in working capital as of June 30, 2008. The increase was approximately equal to sum of the debt cancelled by Ligang Shang and our net income, $3,560,475 for the quarter ended September 30, 2009.

generous to us small time holders....