Ann: Sino Investment - Change of interests of sub, page-14

re: Ann: Sino Investment - Change of interest... "know something about financial reports as well, and there is not doubt that in the scenario that I painted that it MIGHT be considered a contingent liability."

Diligent,

So you are agreeying with me that we may have to write that debt off.

For that is what a contingent liabiltiy could become.

"Contingent assets are not recognised in the financial report since this may result in the recognition of income that may never be realised."

Now, does that mean that our good Management has possibly given away some of our assets, for nothing, when we were desperate for money and when there were others out there willing to pay "Good Money" for them?

If that is the case, why are you directing me/us to stop looking at the revision mirror when it wasn't that long ago that it happened? How many times do we have to look
up front while we are leaving all good things going out behind and out the back door?

Give me a totally new Board and Management and I may start believing in you, and in what you are asking me to do. But not with the current one.