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Politics : Moneymade's Champagne Room -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (3138)	2/22/2006 7:46:40 PM
From: M0NEYMADE	Respond to of 4703

News:Ludlow Capital Upgrades China Wireless (CWLC) Rating Staff Reporter Feb. 15, 2006 - 9:31AM EST NEW YORK--Feb. 15, 2006--Ludlow China, a wholly owned subsidiary of Ludlow Capital, raised China Wireless (OTC: CWLC) rating from B- to a current rating of B. NEW BUSINESS DIRECTION China Wireless (CWLC) original goal was to build out a wireless network in a few local regions in China, but discovered this to be much easier on paper then actually implementing in real life. Competition and bureaucratic barriers from such giants as China Telecom and the Communist Chinese government made entry into this market much more difficult for CWLC, a US based company. Also, building out a network of regional mobile equipment and towers in China would have also produced intense capital pressures and dilution for a stock trading below $1.00 a share to say the least. So, the company's new focus is for smaller and more frequent contracts, which may present China Wireless with a more realistic business model as opposed to going out and trying to score the 'gold ring' in one or two big contracts. Since China Wireless new change in direction in late 2005 the company has been announcing albeit smaller, but more frequent contracts for wireless network enterprises. Some of the companies smaller enterprises contracts now target such clients as shipping ports, universities, research centers, financial networks, and smaller municipal arenas in the Tianjin region in Northeast China. Tianjin's shipping port is geographically the second largest harbor in China. The city houses 31 universities and not only is the industrial capital, headquarters for Motorola Corporation of China, but also the financial capital of northern China. Tianjin has been selected to host the 2008 Olympic Games Football (Soccer) contests. ACQUISITION TARGET Down the road, building these smaller network enterprises through out a specific region in China may make China Wireless an acquisition target for any telecom company looking to establish themselves or even expand their current telecommunication network coverage into the Tianjin region of China. Some telecom companies may ask themselves, "why build and spend capital on a whole new wireless system when you can just acquire China Wireless network already in place". The key now is can China Wireless continue closing on these smaller network enterprise contracts within the Tianjin region, and possible move to open additional contracts preferably in a neighboring region, such as in Beijing. (see map above) RECURRING REVENUES Although China Wireless new contracts may be smaller in nature, many of them may also provide the company with follow through revenues from maintenance and technical consulting fees. Their technical fees may not be substantial per contract, but put together with a group of additional small contracts, and China Wireless may begin to generate regular cash flow within the company. The rate and size of any follow up revenues is currently unknown. The company announced a conference call for Feb. 23, 2006 which will hopefully provide additional information on some recent contract sizes, and any follow up revenue fees the company may be obtaining. FAIR VALUATION Ludlow Capital believes a fair market cap for a company with only 83 million shares outstanding, no convertible debentures, and ever more frequent contracts in Tianjin, one of China's fastest growing shipping ports, should reflect a 'fair' market cap value of $8 to $10 million. Giving the current shares outstanding of 83 million we believe a fair market price for CWLC to be in the range of $0.10 to $0.12 a share. So, with a current price of only $0.04 a share, or a market cap of only $3.4 million, we have raised China Wireless rating from a B- to a current rating of B. Any increase in shares would lower the above price target as the market cap would have to adjust lower with additional shares. But for what ever the shares outstanding may be for CWLC we are giving a current 'fair' market cap valuation for China Wireless of around $8 to $10 million. Ludlow China Headquartered in Manhattan, Ludlow Capital, Inc. is a full service investment banking firm which serves the needs of both private and public companies. Our simple approach is to provide customized financial solutions for virtually any of our clients needs. ludlowcapital.com Other publicly traded chinese stocks to watch: Sina.com (SINA), Bidu.com (BIDU), Netease.com (NTES), Suntech Power (STP), Along Mobile (AGMB)

To: jmhollen who wrote (3138)	2/22/2006 11:43:20 PM
From: Dee Jay	Read Replies (1) \| Respond to of 4703

well, having posted in a number of threads of which you're a denizen I suppose it was a bit overboard - but the point of it all was to show how discredited you are/were in defending that now-convicted crook. You derided me for pointing out his blue sky claims and puffery and outright lies. You even were oh so clever enough to name me Crusader Rabbit for my efforts at exposing the crook. And how did you help the crook to con others? For one thing you not only put down my efforts at exposing him you went so far as to repeat his lies without bothering to check the facts. By your efforts you aided and abetted the con job, pal. Check out post #2627 on the SNCG thread wherein you wrote: "...for those who are tired of the crap from Crusader Rabbit, here's the real scoop..." and repeated Stockett's claim that he was having the rail cars refurbished when the truth was quite the opposite. What's my basis for that claim? Both a witness on the scene as well as a reporter for the very newspaper he mentioned. He never did produce their story he claimed to be trying to get. As for Fred Porzio (you gave a pointer to one of his posts) he was notorious for slavishly praising the crook and his bogus plans and promotions. I had a hunch that he was part of the Pump 'n Dump but he may just have been a stupid innocent, albeit a very vocal one. If he was the investor in SNCG and HTEH he claimed to be then his "expertise" and judgment should not be relied on by anyone - so why would you use him as an unbiased judge of the worth of my efforts to nail the crook? And when was the last time YOU exposed a con artist? That train? oh, first it was going to be the antique cars that became a motel and then he switched to a modern, high tech Talgo trainset - but only for press release purposes. He also was going to first run it as a Y2K celebration event...but that never left the station. You bought into that crap? Dee Jay