The big chinese are starting to melt up-sohu-bidu-qihu-ect- and next 12 months I think China starts turning up- looking at small cap china plays. Im sure this has been asked:
1, Whats the deal with AR-200mill plus-when will this be collected? whats the delay?
2, Its with the big three so why would they default?
The big difference is the big 3 are publicly held companies with shareholders verse some local Chinese governments that have clue or care about shareholders-huge difference- So Tstc accountants, the big three have been publicly named-legally-that they owe this money and i dont see them denying it legally. listen, i have no clue but its very strange situation again since these are publicly held companies that legally TSTC accountants has stated they owe them money. At some point, the big three need to sue TSTC for making false claims or that the big three dont pay small merchants, or they need to pay them .
Too be honest-Im not overly bullish because:
1, the AR need to cleaned up soon-They need to explain why it took so long-whats going to be the trend in the future with AR program.
Im sure they realize this and if its addressed properly obvious the upside will be huge. Unfortantely, the AR problem has already causes a disaster to all shareholders-
hopefully-everything is cleared up soon.
The strange part is they LIST their AR partners- So the big three knows its public record they owe this company money. If it was fraud wouldnt the big three lawyers basicly come out and say we dont owe this company any money and they are making it up?
now we are talking!!!!!!!!! Mazers the accountantss also would have to be complicit and they were voted Englands best accountants...not biggest..BEST. they are not involved with a CGS scam I can assure you. They sign 10-k every year they know the BIG3 will pay, albeit slow, but they will pay
Lets ponder this....the big 3 do business with many many companies in china. They do pay their bills although somewhat slowly, I've seen other companies mention that it took up to 6 months to finally get paid.
There is ONLY ONE company that has A/R's that are OVER 3 YEARS OUT!!!!
What's up with that? What's up is there's alot of BS'n and make believe invoices in that AR number.
Bottom line is they are almost out of cash, have alot of short term debt coming due and a cashburn rate of approx 6.5 mil per Q. the big 3 dont take over 3 years to pay, they also dont sit at their board room saying "HEY, LETS PAY EVERYONE BUT TSTC, HA HA I CANT WAIT TO SEE HANS FACE WHEN WE DONT PAY"
CXTI did it w/ advertised govt contracts...TSTC and Hans are doing it w/ phony contracts/invoices w/ the big 3.
Speculation is not Fact.
I Said PROOF!
2 Years later,& NONE!
Jadestone,Couldnt Even find the right Building &
They were there.
Short Case is Un Proven Speculation,& None of
You have Proved Anything.
After a Special Trip to find Out,Nothing.
Nole Knows 10x What You Know!!!!!