Noble China (NMO) on TSE. Chinese Brewery Stock Message Board

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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock

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To: Michael M. Cubrilo who wrote (1)	5/12/1998 11:05:00 AM
From: fellowfool	Read Replies (1) of 248

Thanks for starting this thread. I have held NMO for quite some time now (cost base approx. $6/sh) and have felt quite alone hanging in when Gordon Pape sold out. (It was his original recommendation that got me interested in the first place.) It makes sense that a company could make a lot of money selling beer in China. What does not make sense is the "politics", if that is the right word, of under the table manoeuvres by the owners who think that business is naturally conducted in this manner. Perhaps it is and the shareholders are just being naive to think otherwise. Skimming off the top is a generally accepted practice in most parts of the world. There is an art to carrying it out in a discreet enough manner so as to not disrupt the overall earnings and veneer of honourable business practices of the company. This is something that the former CEO failed, miserably, to do. I hope that the worst is behind us and that the company can start to fulfill the prospects that originally made it seem like such a good idea.

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