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

To: Wayne J. who wrote (4699)	1/19/1999 10:30:00 AM
From: Jimmy Dunn	Respond to of 9824

Most of what I got, I got through research this weekend. Spent a lot of time doing so in fact. However, like I said, I have a day job and must get a few things done, but I will try to explain what I did find in just a bit. Got to make a few calls first.

To: Wayne J. who wrote (4699)	1/19/1999 11:54:00 AM
From: Jimmy Dunn	Respond to of 9824

First of all, it is hard to put three days worth of research in a real organized way. I started out looking at Mr. Tilton's other companies, which do not look too bad. A little more organized perhaps then this. Next I looked at the companies that I could that are associated with tnrg. I found, by searches, that Cavalcade of Boxing, is being actively marketed, and United States Basketball appears to be a good strong effort. I live in Lubbock, Texas, and we have two minor league teams here that seem to be doing well. That appears to be a growth industry. Mr. Tilton also settled some problems I had with the SEC. Basically, they are simply no longer a reporting company, though he has informed me that they will be registering in the future once more per the new otcbb rules. As for the financial statements, I would like to see a little more complete reporting. What I really wanted was specifics on the auditors. While KPMG, I am told was somewhat involved in the audit, the actual audit was done by Jones, Jenson and Co. out of Salt Lake City, Utah. I actually liked this better than KPMG, because KPMG's organization is so large that it is difficult to get anything out of them. Several of the questions I had concerned the medical products. I was wondering how they would be manufactured, and what sort of marketing plan was in place for their sale. As it turns out, he has no intention of manufacturing or marketing the products, instead spinning them out to other companies with those capabilities. There is more, as I have time, but I will have to get back.