To: Judy Muldawer who wrote (5019 ) 11/21/1999 2:54:00 PM From: Ga Bard Read Replies (1) | Respond to of 7209
TO ALL NEWBIES: I do not post here for the purpose of the MORONIC Cheerleading LONGs that have Dominated the thread for 2 years with BS DD and rumored inside information. So I am going to get you just a small outline on the stock. For two years these Hypsters, Pumper or longs have worn out more Pom Poms than any other stock you will ever read. Frist it was some ridiculous BS modular home compnay going to house China. Um that didn't work out to well but the CHeerleaders Pom Poms got worn out. Second after some super suffling from out of the Bahamas LGOV finally got 100% of Everlasting which owns 2/3 interest in a LPG China company Xinmao, but the Chinese government owns the other 33%. NOTE: China government wants to sell their interest that takes backing money. Understand the LGOV, the parent company, has no operation and only has Xinmao 66% interest has the only revenues. Again there has been talk of the China government wanting to sell a lot of its ownership and I donot know what the status is on that but think about it if LGOV got someone to $$$$ back their operation. (Note: this iw where I believe the Saudi UAPC could come into play) The Government owns the banks so that is not going to happen. Key Note: Xinmao is one of the few known Sino-Foreign Joint Ventures licensed to sell petroleum products in the retail market. This is where the focus is presently because UAPC can use those licenses. Another key note: Xinmao also holds a general contractors license intended for construction of pipeline projects. Again they have no backing until Last Thursday with UAPC. NOw please note that even though you ask a question to the longs they can;t answer them with out personal attacks of POm POMs as their basis. Xinmao has seveal pipeline projects either completed or under construction. However they need 186M backing money to make this take off. Again look at the overall picture. They need backing money and who did they just do a deal with? Yep UAPC! Also of interest to the Saudi's I believe is the coupon program, consumer insurance protection program, and a prepaid "smart card" to COLLECT Money. Remeber follow the money of potential there of. Now with this in mind the Saudi's I believe know and see the advantage of Xinmao being the only privately owned and operated company where the other nine Majopr corporations are government owned and operated to some degree. There again I see an advantage for the Saudi Dollars. Why did Saudi's look at it now? Wwell I believe it si because the the Kunming LPG Administration establshed "minimum pricing" regulations which set a base price for both wholesal bulk sales,and wholesale and retail bottle sales. This stops the cut-throat BS and remember Xinmao is the only private company looking for profit where the government controlled companies are just trying to flow LPG. Alos the Saudi's looked at the government contracts that Xinmao has with government approval for the counties of Lunan, Fuming, Yiliang, Yuxi, and a part of Kunming for exclusive development of pipeline projects. With backing this can be expanded. Again it takes BACKING MONEY! Now the Saudi's also know wehn to make a move also. They like getting the advantage and sales have fallen each year from 2.4M in 1997 to a blistering 500K this year so far. Also note Deng Shan has 2% control in 4M shares plus controls Proton who owns 43% of LGOV with 91M and Mendez 11% 24M so they had the control of the company 119M. if you add in the other officers and what not you get 127M of 210M OS for a total controlling interest of 60%. Which makes sense now that the Saudi deal has been done. They would want to have this much control. This is comforting ... Also I figure the float is the difference which is 83M though 40M is stated by the company which I do not believe. However, because of the trading logs and movement when buying hits it then it does not trade like a 83M or a 40M float ... It trades like a much smaller one. Now all this nonsense that insiders are selling is absurd .. If they were, they would not hold over 50% controlling interest. Use common sense! Now these are my thoughts and back to our scheduled agenda of slamming the CHEERLEADERS. :-) Gary