To: Tim Callaghan who wrote (955 ) 2/25/1999 12:38:00 PM From: ztect Read Replies (1) | Respond to of 1541
Thank you Tim............. Your's is the first post in over five hundred that have transpired since I 've been on this thread that actually answers the question as to why you believe this is a good investment. Note I have asked this question repeatedly. Your answer does more than anything else to give any legitimency to the company, and certainly does a lot more than just an empty attack on me which btw does nothing.However , you couldn't refrain questioning my "agenda" which I just finished repeating several posts ago. So maybe you should go back and read it. Now per that post I stated that GTCI was overstating its claims, and I still believe this to be the case. Per a PR GTCI hired WSRG and paid them 75,000 shrs. WSRG in turn wrote a report projecting earnings this year of 0.69 per share with even greater earnings in the following year. WSRG also stated that the number of existing non-y2k compliant computers in China was "10 Million" in need of a y2k fix "alone". By both the figures you supplied and those that I supplied, this number is not supported in any case especially since GTCI's y2k solution is a hardware fix only and most post'97 computers are y2k hardware compliant. Also per WSRG and the current press release announcing the relationship with iBIZ, both WRCG and GTCI proclaim iBIZ's relationship with CITRIX as some great "partnership". Where in truth iBIZ is a paying customer to CITRIX. Such deception immediate makes one question whether other such agreements as stated are equally over-stated. For as the SEC, to whom I forward my reports, states overstatement of material information in an attempt to raise share holder interest is an SEC violation and manipulation. Therefore, Tim, please explain to me how GTCI...your speculative investment...is going to realize the earning promulgated by WSRG...based on the existing market conditions (costs of services for telephony & ISp access in relationship to the disposable income of Chinese, use of the internets, 14,000 other ISP's, and outside competition, let alone government intervention) TODAY. If you recall, Tim, I only became aware of GTCI because Francois spammed it on 5 threads 14 times in less than 2 days. Also please again explain exactly what is GTCI's "business plan" I don't disagree with points 2 & 3 as they pertain to China but don't necessarily agree that GTCI will benefit in lieu of other competitors plus I am disinclined to believe their presentation of their alliances based on the other exaggerated information I have already cited above. Per point 4. they are running out of time plus per my understanding from Yang and the press releases GTCI's y2k capabilities are very limited. Plus please answer me a simple...why does GTCI's web page look like someone without any programming expertise threw it together. I have seen personal web pages on Geocities that look more professional. Also please provide links to the companies contained in the resumes of Wong and Wang(in the PR), plus a link to PAI. I ask you specifically for this information since you seemed so assured of the management skills of GTCI's management team. I did a search of 15 search engines and can't find any information about any of these companies. Certainly PAI has a web presence...doesn't it? Sincerely, ztetc