TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.0300

+14,900.0%

Jul 17 12:46 PM EST

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To: ROSARIO who wrote (4345)	1/11/1999 10:18:00 AM
From: Grabs	Read Replies (1) of 9824

Unfortunately, the point rosario is trying to make makes sense. TNRG owns 80% of Chonquing which had net income of $2.8MM for the 10 months. That should be reported on a consolidated basis with TNRG's other holdings. Probably most of those holdings are not making $$ yet, and also, there are corporate expenses at TNRG which will be below the NI figure for the shopping center. Obviously, I don't know what all the other subs of TNRG are making, but if their combined net losses exceed 80% of $2.8MM (or whatever the full year number is ), TNRG will show a loss in its consolidated numbers. That not withstanding, I still think that today's news is positive because it provides an audited look at TNRG's major holdings. This is the beginning IMO, of TNRG becoming fully reporting which as we all know should be priority 1. But this release is not the entire puzzle, it is only one piece. My opinions only Grabs

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