LGOV - Largo Vista Group, Ltd. Message Board

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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.

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To: Evan who wrote (7134)	5/22/2001 7:10:01 PM
From: broke2	Read Replies (1) of 7209

I would imagine the government controlled LPG companies in the area bought Xinmao. And from what I have been hearing Largo has a deal in place with Vietnam for oil. If that is true, Largo is worth a lot more than 22 million. They also have 4 or 5 depots in China that are that are capable of handling oil. Also the Zunyi depot is the biggest Diesel seller in their area. There is a lot more money to be made importing oil than competing with government controlled LPG companies and the blackmarket. So I think they did the smart thing by dumping a money losing business and getting out of debt. It is a lot easier for a company to get financing if they are debt free or close to it. JMO

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