Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 291.30

+2.2%

3:59 PM EDT

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To: Stock Watcher who wrote (3952)	3/10/1999 1:15:00 AM
From: Francois Goelo	Read Replies (1) of 52051

Stock Watcher, will XNET (45 cents) be part of the CHINA INTERNET BOOM?? A quick decision will be required on this one to get on the bottom floor of what could become a major force in a new market with unparalleled potential: Yesterday's close, up 17.65% + + Today's close up 12.5%! At the request of Jeffrey, I set out on a fact finding mission about XNET. I spoke to Ernest Cheung in Vancouver who is a Company director. He was knowledgeable and very helpful, within the limits of permissible disclosure, to the point of offering to send me a complete investor's package by courier. 1) He stated that the outstanding shares numbered 14 Millions while the float was between 4 & 5 Millions. 2) Their financial results will be published within one month and the Company will become fully reporting after completion of their Audit. 3) XNET is profitable and by filling in the blanks in the conversation, I would not be surprised if net earnings were in the vicinity of one cent/share for 1998. 4) They employ 50 people in two locations. 5) They currently have 18,000 subscribers, growing at the rate of 1000 new subscribers per month. China has just reduced the cost of subscribing to Internet services by one half which will boost the number exponentially. biz.yahoo.com They have also formed an alliance with Internet Advisory Corp: biz.yahoo.com Some information on Internet usage in China: Message 7609132 The foregoing represents my opinion only and potential investors are strongly advised to do their own research. Disclosure: Long 40,000 shares. This post should be read in conjunction with: Message 8224416 All the best, regards, F. Goelo + + +

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