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Technology Stocks : IMOT, the Yahoo of China??

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To: johnny grosso who wrote (630)3/22/1999 2:45:00 PM
From: johnlag   of 781
 
<<I am just curious. I read in the info packet from IMOT that they incorporated in the Virgin Islands. Does this mean anything special or is that standard procedure?>>

BVI is a great tax haven, not subject to US laws. It may mean that the shareholders get a special surprise, greek style.

I covered my short this morning in the low 4's. I love being right. I probably should hold to the 2's, but who knows about the BS ability of PR releases.

I'll be waiting and hoping for strength, though i would expect this to continue to slide. I also anticipate problems in securing an auditor.

just my opinion...on the sidelines for now.

John
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