TNRG Tianrong Building Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.0300

+14,900.0%

Jul 17 12:46 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sigmund who wrote (4450)	1/12/1999 3:47:00 PM
From: Grabs	Read Replies (1) of 9824

Regarding the interest expense on the mall, it does not appear that it is included in the statements. The interest income is probably income on escrows held for tenants (like security deposits), and interest earned on cash. The interest for the loan/debentures is probably paid at the TNRG holding company level, not at the subsidiary level. That would go along with what Tilton said in his conferrence call that interest was about equal to after tax profit on the mall. Also notable on the statements was the inventory, which is not a common asset for a shopping mall. There must be more to the entity than the mall. I would love to see the notes to these financials. That would provide more color on what exactly they represent. The one thing that no-one can argue with is that it seems profitable. One caveat is that the 10/98 numbers are not audited, but they seem on par with 96 & 97. Anyways, waiting for more news on the other subsidiaries. Grabs

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next