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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sigmund who wrote (4450)	1/12/1999 3:37:00 PM
From: Wayne J.	Respond to of 9824

Sigmund, As I am not an accountant ( nor do I claim to be) you will have to come to your own conclusions as to what you found on the TNRG Site. In my posting #4445 I was merely sharing some changes that I noticed took place very recently on the TNRG Site--and the best that I can tell the financial information regarding the Chongquing DuZheng Group is new information to the TNRG Thread. ( If my understanding is inaccurate in this regard please bring it to my attention.) There are a multitude of various other sites that relate to TNRG that have been shared on this thread from time to time by various posters--of which Isoman has been one of the most insiteful contributors --at least in my opinion. Now that I look back I most likely just should have kept my mouth shut and let everyone find the TNRG Site changes on their own. Is it possible that you are looking for something more then a .03 cent stock is able to provide? It's gamble at best--in my opinion! I am starting to put way more energy into this then it warrants--I have nothing to prove to anyone--TNRG will be or not be successful with or without the positive or negative posters input on this thread. I think I am going to take my own advice and try to sit back and enjoy the anticipated news in the the days , weeks and months to come and enjoy the ride! JMO! Good Luck To ALL! Best Regards, Wayne J.

To: Sigmund who wrote (4450)	1/12/1999 3:47:00 PM
From: Grabs	Read Replies (1) \| Respond to 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