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Shindoesca

01/05/10 10:05 AM

#40 RE: aml10021 #38

aml,

As a small investor living in the Netherlands I'm not that familiar with all the different statements like the 8K or 10K required in the US and everything they entail.

I try to check the financial statements of companies and if I look at the last quarterly report I mainly try to look at assets and liabilities and number of outstanding shares to determine book value.

The main points I see is steadily increasing assets and investments/construction and a good asset to liability ratio, them make a profit per share at present and looking at the number of shares I come to a higher book value then I'm seeing.

It just seems to look like a decent company with an easy to understand business model and my hope is they will move away from the OTC market in the future. For me it's a comfortable long term investment, time will tell where SGAS will go.