OTCPK:LLEN - Post by User
Comment by
Tjpsimoneon Oct 09, 2013 5:14pm
73 Views
Post# 21804689
RE:Tai Fung coal washing more info
RE:Tai Fung coal washing more infoHI Far- I think this just adds to the confusion. I have read this, and it clearly states that this would bring in 63 million in wholesale revenues.... The 10K in the corporate structure breakout clearly states that TaiFung is a wholesaling operation. Later in the 10K "We own TWO washing facilities with an aggregate annual coal-washing capacity of approximately 480,000 tons. The facility at Hong Xing washes coal mainly for third parties (i.e., non-affiliates to the Company.) The facility at the DaPuAn Coal mine only washes coal from the DaPuAn mine. " ..."Therefore, there was no washing for DaPuAn reported separately." This is the same 10K that is delayed 2 weeks, to make sure its accurate. So, now its not accurate.... This needs to be clarified by the Company...