Hello All, Okay after more DD, I have come to the conclusion that IMOT is still a strong buy (Long Term), here is my own personal reasonings:
IMOT is 1 of only 6 Chinese companies to hold a Licensce for "Internet Business" (which is broad and encompuses anything Internet related to the putting together of Company websites, portals, e-commerce, and anything else Internet related). IMOT states that it companies clients Database includes IBM, Siemens, Walt Disney, Kodak, to name a few. This means that if any of these companies want to have an Internet presence WITHIN CHINA(Chinese Intra-Net, so to speak) IMOT will be servicing their needs. (This information is from IMOT IR (Steve Smith).
I look at the valuation of Pacific Internet (PCNTF) an ISP with NO CHINESE Licensce what so ever, and they are just an ISP. IMOT cn provide many business services to it's customers.
IMOT is profitable, not by much but they are not in the RED (Big Plus)
IMOT has a Chinese CEO early 40's who is Stanford Educated, with great Chinese Gov't Contacts(A must for a Chinese Technology business).
I believe that American companies will target IMOT as a partner for a foot in the Door to the Chinese marketplace. And as you all know Walt Disney, Inc. will announce in June if they are building in Honk Kong and MAINLAND CHINA for a Disney Amusement Park (Disney is a Client).
I am still a little confused as to the PR on the TV and Radio spots here in the US, maybe they would like to target a US prescence as well as the US has a HUGE Chinese American poupulation. It is a very well put together site, and is user friendly.
Well this is what I have found so far!
$Mogul |
