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H3Capital

07/13/11 2:31 PM

#2484 RE: Ecomike #2483

There were two similar articles in yesterday's WSJ, reflecting the fact that the audit delay is in no way limited to CNOA.

0101001

07/13/11 6:25 PM

#2485 RE: Ecomike #2483

yea the delays are common in the sector right now. From all the Homework iv done i have no reason to believe that cnoa has been misstating its numbers. This will probably be a mid to long term hold now. But who knows management could really turn this around with a single good pr or once the auditor is finished with their reports.