Ann: ACQUISITION OF THE MAOJIAWANG THERMAL COAL M, page-5

re: Ann: ACQUISITION OF THE MAOJIAWANG THERMA... According to the last ANN they made $9M profit after Tax for the last quarter

That's $36M for the year or 4c/share net profit after tax.

Plus they plan to ramp up production of the existing mines and add a new mine next year.

This comment intrigued me
"The Company's application of funds raised from the initial public offering is expected to show results in the third quarter."

Any ideas what this means?