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Non-Tech : InvestRight Club Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (579)	3/10/1999 7:28:00 PM
From: Francois Goelo	Respond to of 2662

Jeffrey, CHINA'S Internet IMOT up 48% today, XNET (40 cents) should be next.. Excerpt from yesterday's report on XNET: Internet is still in its infancy in China, but the growth prospects are unparalleled anywhere in the world. The leaders are aware that China's future very much depends on modern broad band communications and have completed the laying of some 100,000 kms of optic fibre cable. China's economy is expected to surpass the USA's before Year 2010; they have 1.2 Billions consumers and growing. I have started to accumulate shares in Internet related Companies that will directly benefit from these opportunities, and the most undervalued at the moment is XNET. Please check this price comparison of Companies (ISP, Portal, e-commerce)involved in the Internet in the Far East that have a thread on SI for Due Diligence: PCNTF: IPO at $17/high of $88/today at $29.00 IMOT: today $3 1/8 GTCI: today $1 1/2 XNET: today 40/48 cents!! ---------------------------------------------------------------------- Remember, that was yesterday! Today, still largely undiscovered, XNET closed at 40cents. However, IMOT was up a staggering 48% at $5.00 while GTCI is up 4.5% and rearing to go!! IMHO, XNET is severely undervalued when compared with IMOT or GTCI, while they both have a long way to run yet. Excerpt of IBC feature and brief description of IMOT, also dubbed the YAHOO of China on its thread: 1) IBC Features Special Report on Internet Auction Stocks Business Wire - March 05, 1999 17:15 IRVINE, Calif.--(BUSINESS WIRE)--March 5, 1999--IBC Friday announced that it will include weekly updates on Internet auction stocks in its free IBC Stock Line Newsletter which is currently available at ibchannel.com. intermost.com (OTC BB: IMOT), a premier Chinese Web Portal, announced the completion of its Chinese language search engine to harness the online buying power of China's 1.2 billion people. With Chinese Internet access doubling in the past year and China's government embracing E-commerce, the Intermost search engine puts the company and its Web site, chinaecom.com in a position to dominate the enormous online product reference market and become the "Yahoo of China." In negotiations are an Amazon.com-type (NASDAQ:AMZN) Chinese joint venture and an eBay-type auction site for wholesale and retail sales in China. (http://www.ibchannel.com/emerging/imot.shtml.) 2) Description from IMOT thread header: Shares outstanding 8,466,973 Float 1.5 million, but of that 900k is restricted from reverse merger done in January with Tedrow Communications. Therefore, effective float until Jan 2000 is 600K. Approx. 50 % of business in China have any kind of web presence. Of that 50%, IMOT serves 1/3. Per Steve, China internet is approx. 6-8 yrs behind US. IMOT is profitable, 3% profit reported last Q. Within the next three to four weeks, they will become fully reporting, with audited financials and filing form 10 w/ SEC. The President of the Co. who is in China, but was recently visiting US, is Stanford educated and lived in US approx. 6 yrs. Steve's company is paid in $$, not shares… I think that makes IR cos. Less likely to hype a stock. He explained all the PRs today as having beeen released previously on BW, but received many calls to have them rereleased on other wires. Steve has had over 20 calls this am from brokers and investors, said call volume has been steady recently. Compare IMOT to a Yahoo of China, Portal with content, working on deals with bookseller and auction house. Steve expects more news out sometime between Thursday and next week. Good luck!! Kathy More information can be found on IMOT's and XNET thread and Web sites: intermost.com + + + chnmail.com Please, do your own DD, since all of the above is my opinion only See previous DD on XNET: talk.techstocks.com Diclosure: IMOT: Long 5000 shares XNET: Long 40,000 shares GTCI: Long 20,000 shares Regards, F. Goelo + + +