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To: MCsweet who wrote (24963)	10/10/2006 7:24:51 PM
From: TimbaBear	Respond to of 78666

MC I ask you to look at it, not to just be jerk, but because I'd like confirmation of my analysis. Sorry I took it the wrong way then. The written word sometimes lends itself to interpretations different than the writer intended. I don't know when I'll have time to look as I've had some major personal complications arise and I'd like a clearer mind when I review financials to address a particular issue.... but when I do, I'll give you whatever feedback I can. Timba

To: MCsweet who wrote (24963)	10/13/2006 5:47:56 PM
From: TimbaBear	Read Replies (2) \| Respond to of 78666

MC Looked at the 10-Q and 10-K for MHJ..... saw what you did, but really can't decipher the the reason for the asset split listed on the balance sheet. Can't tell whether it is the JV they are doing, or a wholey owned sub that is being mis-reported or what. It doesn't jive with what was said (or at least what I heard) on the conference call. I just can't muster the required intensity to figure it out further at this point. What I found that I definitely do not like is how free they are with stock options....48 million new options issued in the last year. Therefore, since stock options abuse (or what I perceive as abuse) is a big deal with me, I have reduced my holdings by 75%. The remaining shares I have (due to good fortune between the purchase date and now) at an average cost of about $1.10. I'll hold these just to see what happens. I seem to find this freeness with stock with some of the Asian companies that have looked interesting over time. I remember a few years ago thinking very similar things about PCCW when I bought it and held for a short time. Don't know whether I just got lucky on this one (which is what I suspect happened) or what. But it was an interesting experience nonetheless. Thanks for bringing it to my attention and for being persistent in your questions! Timba