profit trebled, page-10

Cosmos,

If you break down 4.825mill revenue into three parts:
1. Proceeds from rental in inner Mongolia $2.392mill
2. Proceeds from Interest income $403K
3. Proceeds from disposal of a/c receivable and Hong Kong related investments $2.03mill

SCE paid a mix of cash and shares to purchase the land in inner Mongolia, the shares are issue at 2 cents each.
Given majority of the strategic holder paid 2 cents for each SCE a share, a more reasonable level of the company's share is at least 2 cents each. Note: currently trading at 0.6 cents, also heavy discount to Net asset backing of 5.8 cents)
Lack of transparency is the key issue the company currently facing. However, with the change of management recently provides us a good signal the company is heading restructuring.
The main merit this company has is debt free, hence give me the assurance the company will survive in he current environment.