Last 2Q Revenues from China $50M While the in
Post# of 3844
Posted On: 05/21/2014 1:30:43 PM
Last 2Q Revenues from China $50M
While the intrinsic value cannot be quantified with precision, consider these quantitative factors. Our Invested-Asset Operations delivered $20Million in sales last year and the annual run-rate in the last two quarters was over $50Million. In addition, we signed a contract with Tanke Inc. expected to deliver at least $30MM this year. When our audits of these operations are completed and systems installed, we will either consolidate these in their entirety or account for them under an equity method. We have the right financial minds and auditors working on this now, and either way, the values are there for our shareholders.
This looks to me like they are CONFIDENT in bringing the Chinese revenue onto the books.
While the intrinsic value cannot be quantified with precision, consider these quantitative factors. Our Invested-Asset Operations delivered $20Million in sales last year and the annual run-rate in the last two quarters was over $50Million. In addition, we signed a contract with Tanke Inc. expected to deliver at least $30MM this year. When our audits of these operations are completed and systems installed, we will either consolidate these in their entirety or account for them under an equity method. We have the right financial minds and auditors working on this now, and either way, the values are there for our shareholders.
This looks to me like they are CONFIDENT in bringing the Chinese revenue onto the books.
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