TS TELECOM (www.tstelecom.com): ASPIRING TELECO Message Board

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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO

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To: Ciao who wrote (1588)	9/7/2000 10:55:20 PM
From: Gordo	Read Replies (2) of 1762

Ciao, Not an accountant but well enough versed in accounting and finances to read a set of financial statements. Check the balance sheet. As of March 31, TOM had $22,558,000 CASH on hand. This amounts to approximately $1.10 per share in cold hard cash. One interesting note to the financial statements is Note 4: "Included in cash is an amount of $934,465 (1999 - $71,429) which is denominated in Renminbi. Renminbi is not a freely convertible currency." Yeesh - what is that all about. I wonder if they would take payment in seashells or pretty colored stones as well. gord

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