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Non-Tech : CAOL: The Chinese AOL and Internet Lottery
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To: MakeMoney who wrote (86)5/8/1999 10:52:00 PM
From: Dave Gore  Read Replies (1) of 720
 
WOW! I think you need to read up a bit more on the "New China" and how anxious they are to be fully accepted as a world trading partner (WTO). The Government can still be unpredictable, but the fears of them nationalizing and messing up Hong Kong's economy were greatly overexaggerated.

Remember how worried everyone was?

I will be publishing a full report. But if I am not mistaken there is quite a bit of American investment there. In fact Motorola has been doing cell phone business with the Chinese for almost a decade.

However, this is a very good topic for the CEO to discuss and he is very conversant on the rewards and challenges.

The great thing is that CAOL is EARLY, and if this works as well as we all hope it will, CAOL WILL be one of the dominant forces in E-Commerce as well as the lottery.

One good thing is that Bruce is using actual Chinese contacts and employees and offering them performance incentives. Their ISP provider is run by a Chinese Businessman with a business degree from an American University.

He did tell me that the Chinese E-Commerce area is expected to be $5 BILLION DOLLARS within the next 5 years according to stats.

He is faxing me a great deal of information.

You will all be impressed with him.

Now, is CAOL risky?

I suppose but the prospects of a well run company with excellent management and contacts with both an Internet Lottery and ISP/E-Commerce connection in a hugely growing country with virtually no comptetion

versus

99% of the "me-too" E-commerce companies here in the U.S. who are battling it out. Also they are withOUT a lottery revenue stream, and without a prayer for future profits.

REMEMBER: the Chinese also have a stock market now. Get my drift? Do you think CAOL may end up there as well on day? LOL!

Yes, this is an easy choice for 10% of my portfolio, and you know I rarely invest on a whim.

PS-- remember it is up to each and every one of you to do some DD and upgrade your knowledge in any company you invest in.

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