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Gold/Mining/Energy : CDN. MOMO PUPPIES
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To: Rocket Red who wrote (17620)12/28/1999 11:53:00 PM
From: SwampDogg  Read Replies (1) of 36688
 
The only general comments that I would make it that they are carrying their Chinese investments at a very high level. They lost one contract and they had a goal of replacing that contract by the end of 1999...they have not done so.

From the financials....

<<i) Use of estimates:
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Estimates are used in the determination of the recovery of the deferred development costs and investment in China projects. Actual results could differ materially from those estimates.>>
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