Well I had a glance through the financial report and I see accumulating debt and no pay down. That is not a good sign. It would appear however that the Jilin Jien consolidated all the debts (correct me if I misread) into a single payable in May 2011. That was very good of them I thought.

It would however have been nice to see even a token amount of cash put against the debt. It looks like I will have to put my plans to buy this stock on hold till after the third quarter. If I had seen some progress financially I would have taken advantage of these rock bottom prices. Oh well!

ebf