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To: Madharry who wrote (43081)	6/22/2011 2:15:35 PM
From: Difco	Read Replies (2) \| Respond to of 79000

Madharry, I took a quick scan through the financials of GFRE. I noticed that the 3/31 10-Q had unaudited f/s and there was an amended FORM 12b-25 on 5/23 stating that they won't be able to issue 3/31 audited quarterly results. The numbers look excellent, but I don't know if we can trust them. Are you aware if they have a listing in China, HK? The 8-K on 6/8 states:"On June 7, 2011, Gulf Resources, Inc. (the “Company”) issued a press release announcing that it will convert its production of wastewater treatment chemical additives to production of pharmaceutical and agricultural chemical intermediates and the formation of a subsidiary to explore bromine and crude salt resources in Sichuan Province." Is this a natural conversion for the industry? Good luck.