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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (46536)	11/17/1999 9:18:00 PM
From: Bear Down	Read Replies (1) \| Respond to of 122087

Message #46538 from Anthony@Pacific at Nov 17 1999 9:15PM DCPCF<------------Chinese toilet paper, so you know it has an affinity to turd nuggets.( grossness left in for sheer entertainment value ) Please put this on your funniest posts thread. I would if I could stop laughing ;-)

To: Anthony@Pacific who wrote (46536)	11/17/1999 9:18:00 PM
From: Anthony@Pacific	Respond to of 122087

DCPCF<---------------The Two reasons why its a POS as stated by its principals!! The company reported two contributing factors for the decrease in revenues. First, during the first nine months of fiscal 1998, Dransfield stopped distributing Proctor & Gamble's Tempo brand paper handkerchiefs, whic had been a significant revenue source in 1996, in preparation for the launch of the company's own "D&F" brand paper products. Second, the company continued to contract its paper merchanting activities, which had been established in 1994 as a means of establishing credibility and contacts among suppliers of waste paper. Waste paper will be a necessary raw material for the company's pulp mills, once operational. Mr. Yao said, "After terminating our relationship with Proctor & Gamble, we introduced our own branded line of tissue paper products. We consistently achieved market penetration of 40% with the Tempo brand, and we are confident of achieving, over time, significant market penetration with our own brand." In addition, the company recorded two one-time expenses during the nine month period. The first was a $52,000 loss on the disposal of subsidiaries, and the second was a non-cash expense of $111,000 relating to the amortizatio of previously granted stock options. The total stock options expense to be amortized amounted to $330,000 and the balance of $220,000 will be amortized over the next fifteen quarters. Also, the company incurred expenses of approximately $83,000 associated with the activities involved in communicatin with the U.S. financial community after receiving listing on the Nasdaq Stock Market.