Conveniently, CMED has presented the unaudited numbers and kept the door open for restatements in the future. Or, it thinks investors� memory is so short that it will be forgotten by the next ER. Mr. Minshi has left the company to start another one! Very interesting! Why would he leave the company when CMED seem to be firing from all barrels.
Quotes from ER! �The accounting treatment involves the technical application of a set of COMPLEX accounting rules and standards. The financial results and guidance reported in this press release are unaudited and do not take into account any adjustments that may be required in connection with the potential accounting treatment of this aspect of the Convertible Notes. The Company does not believe that such adjustments, if made, will impact the Company's cash flows, net revenues, cost of revenues, gross profit or operating income.�