The second part of Toro Partners

[admin]

Arrived:

http://seekingalpha.com/article/1788942-...uth-part-2

[admin]

Addressing the YDT revenues

[admin]

["Only in MW's fantasy world of imaginary accounting -- a world in which Level 2 classification of cash assets is a huge problem that inevitably leads to fraud and SAIC filings are gospel -- does a company need to report revenue specifically on a gross basis."]

[admin]

["Pages and pages of seemingly forensic accounting detail obfuscate the inconvenient reality that the foundation for MW's financial analysis is built on two assumptions that are patently false:

SAIC filings contain accurate financial statements from which investment conclusions can be definitively made
Chinese accounting standards mandate that YDT record revenue in the financial statements filed with the SAIC on a gross basis"]

[admin]

["Short sellers digging for financial facts in SAIC filings to discredit the company's SEC filings are merely preying on the general ignorance of the US investor community with regard to Chinese accounting practices."]

[tradestar2012]

I should ask Toro for a research credit or byline.