Hi Mike,

Sorry for busting in on your conversation with Maj, but I thought I might be able to help...or at least throw in my 2c

It is my understanding that an SAT / SEC filings match is more significant than an SAIC and SEC match.  Ideally I suppose all three should have similar numbers.

I'm told there is a report coming out on them next week (?) that will hopefully provide some light on their SAT / SEC/ SAIC filings.

At $1.63/share cash,  no meaningful debt, 2010 eps of .87/share,  they're (obviously) trading at a huge discount....one of those "is it too good to be true?" stories.

As we all know, usually, it turns out they were really to be true after all...but sometimes, (and rarely), the market gets it wrong- very wrong... temporarily. 

That said....

I think it's entirely possible in the current environment that a company with a very small float  (insiders own 84% of WKBT) and nervous retail folks who bail day after day due to the overall China small cap market conditions right now, that a company like WKBT can really have nothing "wrong" with it- and yet trade at multiples we now see here. 

That said- I believe their numbers, and I have been buying these last few days (including today) and hope to average in more over the next week or so on pullbacks. 

Cheers,

Gary