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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd. -- Ignore unavailable to you. Want to Upgrade?

To: Paul R Hnott who wrote (2668)	12/12/1998 1:34:00 AM
From: Paul R Hnott	Respond to of 7209

Wonder what happened to our joint venture to help with the gas distribution. From the President (No!!! Not Clinton): Another reason for our low share price has involved delays in joint ventures. On June 27, 1997 we signed a memorandum of understanding with Nichimen Corporation, a Global 500 company. A September 19th date was set for their board's approval, and a confidentiality clause of strict secrecy was signed and honored during the due diligence period. On September 19, 1997 Nichimen requested an extension, which we denied. On September 22, 1997 we signed an agreement with SHV Energy NV, another Global 500 company. Their representatives had visited Xinmao many times, and our management felt that SHV would actually make a better marriage than Nichimen. SHV (PRIMAGAZ) is the largest LPG Gas Company in Europe, with stock that trades at $80.00 per share. Largo Vista announced the signing of the MOU. and gave no details of the structure of the agreement, Our announcement upset SHV's Chairman and Management felt we violated the confidentiality agreement. These developments are both disappointing and encouraging. The fact that these agreements have not born fruit is not what we hoped for. But the fact that two Global 500 companies negotiated with Largo Vista has confirmed what we already knew: that our Chinese operations are extremely interesting to large companies, and for good reason. We currently have other Fortune 500 companies looking at us. I guess there is no fruit left to pick so we must go out and look for another 10 million. Later, Paul