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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX)
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To: keith massey who wrote (484)7/30/2000 7:33:28 PM
From: keith massey  Read Replies (1) of 960
 
After talking about positive developments in CIBT and the current stock price the meeting turned to SEGlobal (SEG).

-We were informed that CPT currently owns approximately 87% of SEG and that this holding is effective worth over $30 million based on the seed-capital price. Of course at the IPO price it will be worth a lot more than that but that is a different story. Hard to believe that with CIBT, SEG and the CPT holdings, along with all this cash we still have a market cap. under $10 million. I can't wait for some institutions to hear about this story.
-Toby talked about the press conference and mentioned that all the major media in Hong Kong was there.
-Both the managing director of Tia Fook and the head of Excel gave very positive talks about SEG at the conference. For anyone worried about Tia Fook I think the managing director talking to all the major Asian press about the deal kind of locks them into the IPO and shows their support... no worries here.
-A thick book was handed around the AGM. The first two pages listed all the major media that attended the Hong Kong conference. There rest of the book was dozens of press releases written about SEG over the past week. The only problem is only a few of them were in English but I was informed that all of them were very positive. Toby mentioned to me after the meeting that they were going to translate these press releases into English and eventually post them on the CPT site.
-Toby mentioned that all the media coverage had generated $4.5 to 7.5 Million (CDN) in additional investment into SEG.... GREAT STUFF. Sokhie Puar stood up and mentioned that these additional investments should be closed within 30 days. Mr. Puar had also just arrived back from Asia and Toby mentioned that he was there to attract new institutional investors... I guess he did his job well. However with all the positive press it is not a big surprise that a bunch of new player not hurt by the market crash have come to the table. Don’t forget that this is institutional money and not retail money and it is this type of money that will help the IPO when it comes out.
-All three commercials that will be aired later this year were shown (http://www.cag-global.com/subsidiaries/seglobal.html)) and we also got to watch Mr. Chu’s CNBC interview (http://www.cag-global.com/))
-One very exciting piece of news was that they planned to have a press conference in Europe similar to the one in Asia. After Europe they will give one in US. If we can get the European and US news outlets to pick up the story like the Asian news did we are laughing.
-mentioned that the 1B site would be launch sometime in August but would not give an exact date.
-mentioned that they now have 15 exchanges covered and that they signed up Mexico that day!!!
-mentioned that 31 countries are now in the works.
-he talked about how they have brought on a technical team to deal with the quote system from Reuters. They are providing live quotes and charts from every exchange around the world. According to Reuters nobody to date has used this much of their data stream. Great to see that SEG is on the cutting edge and will be providing a service not offered anywhere else.
-Toby gave a very interesting fact. He mentioned that 1 Billion people do not live in their own country. I didn’t get all of the quote but if you add up all the immigrants, executives overseas, etc. you will find 1 Billion away from their homeland. That is a big market for anyone lonely for home grown stocks.

There was more positive information but I don’t write that fast. With additional funding into SEG and partners signing up daily I was more confident then ever in my investment when I left the AGM.
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