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Sunwin Stevia International, Inc. Message Board

  • cash2go cash2go Apr 6, 2009 11:47 PM Flag

    Chairman paid $347,247 Fee???

    This decrease in costs was largely offset by an increase in management fees, included in our general and administrative expenses, paid to Pharmaceutical Corporation, a company controlled by our Chairman, of $347,274 and $144,337 for the nine months ended January 31, 2009 and 2008, respectively.

    http://biz.yahoo.com/e/090316/suwn.ob10-...

    It was a good year for somebody. The things you have to watch out for when you're dealing with these quasi Chinese companies.

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    • Does not say that the money was paid to the chairman. It was paid to the corporation for general and administrative fees. That could mean a lot of things. Accounting,payroll, acquistion help, tax filing, SEC filing help, any number of reasons, could explain reasonablly the G&A costs just as well and more plausably than your conspiracy theory.
      Since it must be disclosed in the filings doesn't make sense to kill the goose that lays the golden egg.

      But again, if you don't like China, or companies there don't invest there.
      _____________________

      The things you have to watch out for when your dealing with these message boards is posters who seem to post negative, misleading, postings for no apparant reason.(on every board that they post on)

      • 2 Replies to shiftsuper175607
      • "...who seem to post negative, misleading, postings for no apparant reason.(on every board that they post on) "

        Oh there's a reason.... they even tell you why. They are swing players. They want to maximize the swings and bashing is the way to do that.... at least they believe that.

        Plus they've got time for it... is their day-job. It's totally pathetic to me but ot each his own I suppose.

      • Silly you. Load up while it's "cheap". Why bother with a reply to a "baseless bash"?

        China has huge potential to be a positive force in the world. I have no problem with the country being run the way it's citizens decide. It's a Communist Country, the rules are different.

        Add Wall Street's ponzi boyz to the mix and you have no idea whode shell the money sits under.

        Good luck on your Sunwin, unless you're a paid pumper.

 
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