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Gold/Mining/Energy : GFX.AL(Golden Fortune)China's Wireless Internet Connect.
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To: stowaway who wrote (10)8/19/1999 7:41:00 PM
From: Netwit  Read Replies (1) of 47
 
Is this stock for real? Seriously, I've had some experience putting together deals in China. The thing is that things are not always what they seem to be. Their contract in China is not exclusive, where is CHL during all this? Also, we have small unknown company using technology of another small unknown company (WaveRider WAVR) and landing a HUGE contract in China. And, who is Mr. Tong? What is his background? I mean it just sounds like this could be a real deal or it could all be smoke and mirrors. How do we know it's not the latter. I do not mean to sound disrespectful. I'm not. You guys have pulled together some great information. It's just that in my experience putting together deals in China depends on who is in your pocket. A non-exclusive deal can easily sway toward other parties who might have better "connections". Plus, the rule of law doesn't really have much of a foot hold there. We were always putting together deals where there would be a new company that had silent and unnamed partners. It was pretty bizarre. I'm interested in China and I am particularly interested in wireless in China because I think it is the only way given their infrastructure. When I visited Shanghai, it was like visiting an ant hill and every ant had a cellular phone. (This is not meant disparagingly--I do not think the Chinese are like ants--it's just that it is difficult to imagine the number of people there.) It is a phenomenal opportunity if it is real. What do you think? (~.~)
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