RE: RE: CC Pls ask if Ping Yi realized any income. See page 13 of the 10-Q:
As of July 31, 2012, the Company received total payment of 869,374, which $825,155 as prepayment of raw coal and 44,219 as coal washing facilities service.
The Ping Yi sale is rec:orded as a mix of long term and short term receivables on the balance sheet, and coal taken from that mine is credited to the account and removed from the balance sheet.
See page 14 of the 10-Q for a table showing how the short term "other receivables" changed between the end of Q4 and Q1 to reflect the coal taken as payment:
https://edgar.sec.gov/Archives/edgar/data/1137083/000113708312000065/llen10q.htm