Just read the news releases, is it April 1, again?
5,000,000,000 revenue/income/whatever, it is a complete fantasy.
Unless USD stands for "Unknown Somethingorother Denomination" the press releasse is absurd. "$100M in stock and stock certificates" - from whence does this capital come? This buys a cab company with 1,000 cabs, that -does- come to $100k per cab. Oh yeah, thats ok because they are the armored car carriers the upscale clientele requires. China has such a rich populace, they are always taking cabs especially on long trips to the country where they can show of their wealth to the peasants. This makes the peasants envious and they want to take a cab drive into the city. So they save up for 5 years to make this ride, and based on my calculations, this bonanza will occur in the year 1999, because they've been saving since 1994. Then there will be a backlog of customers waiting beside the road trying to hail a cab on the way to the city.
Yeah I could see it working. But where'd the $100M come from, and then all the other monies invoked to buy those different interests that have projected income (no prio histories, however). Let me say that I, too, also do not know a Mr.Wu.
Great to find scams at the ground floor, so to speak. Ok maybe the second floor.
Greg Jung |
