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Non-Tech : CAOL: The Chinese AOL and Internet Lottery

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To: Investor Clouseau who wrote (275)5/17/1999 8:08:00 PM
From: gizmo&jack  Read Replies (1) of 720
 
200 X $100,000 to $150,000 = $20 to $30 MM reveune/year. Not including ISP service at all. Based on historicals with unique barrier to entry: the Chinese government. Company's market cap is under $8 million, right? 10 million shares I believe (correct me if I am wrong someone). Trading at 1/2 to 1/3 of historically projected revenues of only a portion of its business with the other half of its business an Internet Service Provider in a province of 8 million in an exploding industry in an exploding country. Absolutely massive undervaluation here. Too big for people not to notice real soon. Bigger things at work today. People were sellers due to the FOMC meeting tomorrow IMO. If this company sold for an extremely conservative 10X revenues (conservative because of China's size, love of lotteries, CAOL's current contract and opportunity to expand way beyond 200 kiosks if initially successful), we would be talking $200 million market cap just for a conservative estimate on the lottery portion alone. That is $20 per share not including expansion of lottery beyond initial acquisition or ISP service. Keep your shares, enjoy the summer, look at their price in August. The returns on this one will be unreal.
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