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

To: ISOMAN who wrote (4603)	1/14/1999 9:13:00 PM
From: WHITEAGLE	Read Replies (2) \| Respond to of 9824

Over a million short cashflow is what I come up with for the 80% interest in the chinese holding company. I am no investment wizard and have been lurking on SI for about 2 years now, and am long on TNRG; but check my math. I called Tilton to find out that the convertible debenture loan amount is at 8% annually. I am not aware of any other special terms such as a ballooned payment on the debentures. If anyone knows anything more, please post it. Debenture loan $48,000,000 X 8%(annually) = $3,840,000 NET 2,949,765 X 80% (TNRG's interest) = 2,359,812 DIVIDED BY THE 10 MOS AUDITED FIGURE FOR 1998 = $235,981 X 12 MOS (a projection based on the constant)= (TNRG's) Net $2,831,772 (TNRG's annual casflow shortage) =$1,008,228 I dont want to offend anyone and fully admit I am not very astute in figuring these things out very accurately, but if anyone has checked into the same issue, for example the sage, isoman; then please lets clarify. George