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Sunwin Stevia International, Inc. Message Board

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  • stwyl stwyl Mar 22, 2012 4:50 PM Flag

    SUWN can't survive w/o vertical integration

    You wrote:

    "The only survivors will be companies that grow and process their own plants."


    You may have a point there, but even a halfwit like you should be able to put 2 & 2 together.


    From the 10-Q:

    "On November 18, 2011, we lent Pharmaceutical Corporation, a related party, approximately $3,181,016 (RMB20,000,000) under the terms of a Loan Agreement. The loan was initially due on November 20, 2012 and bears no interest. [[[[Pharmaceutical Corporation was to use the money to acquire a land use right and Sunwin would have had the beneficial ownership of the acquired land.]]]]"

    "In December 2011, we entered into a short-term loan agreement with Shandong Anda Biotech Co., Ltd. ( "Shandong Anda"), a third party. According to the terms of the agreement, we agreed to lend Shandong Anda approximately $3,181,016 (RMB 20,000,000). The loan will be due on December 18, 2012 and bears no interest. [[[[Shandong Anda is a major supplier of stevia leaves to the Company.]]]]"


    Duh.

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