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Technology Stocks : Softbank Investment International (HK0648) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Byall who wrote (396)	4/6/2000 9:30:00 PM
From: Yamakita	Read Replies (2) \| Respond to of 615

What in the world to make of the huge premiums involved in this "share swap?" 1) 648 issues 21.538 million new shares @ HK$7.23, a 58.9% PREMIUM to the real price yesterday of HK$4.225. 2) CHINA issues 200,722 new shares @ US$99.64, a 72.5% PREMIUM to the real closing price yesterday of US$57.75. Kitao: "Ok,I hereby declare our shares to be worth 7.23. The market doesn't know shit. That's the price." CHINA.com CEO: "Yeah, I hear ya. Well, I think ours are worth $100, market price be damned. Hey, let's swap on what we think the real value is!" What the F*** is going on? Either they know something BIG that we don't, or this is just one very rigged game of three-card monty. I wonder which one is right.