SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?


To: keith massey who wrote (41)3/16/2000 11:31:00 PM
From: AriKirA  Read Replies (1) | Respond to of 960
 
Hey keith

I just realized there is a pretty active StockHouse thread on CPT... I found the following post quite interesting. Seems to be a win - win situation for SEG, the brokerage house and the individual investor!

Keith Massey (ID#: 50228) SEG's model 3/15/00 7:23:24 PM 1123933

An individual had made a statement about the cost of trading on SEG's portal and I realized that some people might not understand the cost structure.

The beautiful thing about the SEG model is that you don't pay the going rate plus the portal fee. You only pay the going rate that the brokerage firm normally charges, there are no extra costs

SEG is providing a service to its partner brokerage houses. They are bringing them customers and also advertising the brokerage name and services. This type of worldwide advertising would normally cost the broker a huge amount of money. In addition, for brokers without online services they are also providing online trading for all their customers through the portal. SEG's pay for this service is 40% of the commission. In other words, if the customer goes through SEG or goes directly to the broker in that country the cost is the same. However with SEG you also get all the other added services such as realtime data from around the world, realtime news, and analysis reports from all over the world. In addition, they are also going to provide other incentive programs such a free trades for every X number of trades, discounts on the trades for volume and points rewards (eg. Air miles). They also have exclusive long term agreements with each partner broker that stops them from stealing the customer after SEG signs them up. So I guess the question is: If you had a choice to use SEG or sign up directly with a broker in a foreign country why wouldn't you use SEG? The cost is the same and you get a ton of things for free, along with convience.

I thought the 40% of each commission sounded a little high at first but then I found out that 40% is the going finders fee and what is paid out to other brokers. Plus these brokers would likely not have these customers if SEG had not brought them to their front door.

Best Regards
KEITH



To: keith massey who wrote (41)3/17/2000 1:24:00 PM
From: keith massey  Read Replies (1) | Respond to of 960
 
There was a little backlash on the Stockhouse thread about Reggie's posting. I would just like to say that I have had the pleasure of talking with Mr. Chu, President and CEO of CPT, several time. In all our conversation he came across as a very knowledgeable and savvy businessman who is definitely at the top of his game. In our conversations I hammered him with question about the competition, business strategy, future of the company, etc. and was not disappointed by a single response. The only thing I can say is that he has done his research and I sure could not stump him, although I did try. The survey threw me for a small loop until I realized that one of the individuals in the company just saw this as another forum for input. After seeing the responses on Stockhouse I don't think we will see another post by him. I sent in my survey to CPT and sure wish TD Waterhouse would asked me what I wanted changed, I would give them an earful <gggg>

Best Regards
KEITH



To: keith massey who wrote (41)3/17/2000 1:29:00 PM
From: keith massey  Read Replies (1) | Respond to of 960
 
CIBT is the companies other 100% owned subsidiary . CIBT is the largest foreign MBA school in China today with 3 campuses operating in Beijing, China. Total student body exceeded 1,100, and is recognized as a prestigious advance business school in China. Recently CIBT announced that it is developing a series of on-line business education programs. CIBT has been a partner of City University for the past 6 years. This article came across the news wires recently.

City University is sponsoring a leadership conference to be held here this summer. Our main speaker will be General Colin Powell, US Army (ret.) - Former Chairman, Joint Chiefs. He has a very high reputation in the US and his acceptance to City University's conference shows high marks for the reputation of City University in the US.
Further, City University just underwent its Business School Accreditation review by IECBE. From March 8-10 an accreditation visit by Dr. John Green and Dr. Roger Smalley from the International Assembly for Collegiate Business Education (IACBE) was conducted. The formal report from IACBE will not be forthcoming for a few weeks, but there is no doubt that it will be
positive and our accreditation by IACBE will be confirmed. They had very good comments about City University and of the hundreds reviewed by this
business accrediting group we have been hailed as one of the best. Having IACBE accreditation of our business programs is an important distinction for City University. It can be mentioned frequently with our students and partners and with pride. It is a job well done by Dr. Winston Addis and the business school as a whole.


Best Regards
KEITH