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Technology Stocks : IMOT, the Yahoo of China?? -- Ignore unavailable to you. Want to Upgrade?

To: * Thumper * who wrote (302)	3/12/1999 11:04:00 AM
From: Robert Andrew	Read Replies (1) \| Respond to of 781

I'm Happy I bought this one. I had my doubts about getting in too late but it look good so far. XNET is also doing well. It's now at 65 cents. I hope it will follow IMOT's price increase! Robert A

To: * Thumper * who wrote (302)	3/12/1999 11:14:00 AM
From: Retired41	Read Replies (3) \| Respond to of 781

You all are absolutely being taken. First there is no investor relations department. Steve is a little PR guy based in Orlando, Florida. This is the first clue that something is amiss. Second IMOT is a Red Chinese company that damns itself with it's own press release. Consider the facts from their own press release: They laud the fact that they have 1/3 the market in their core focus (business to business connections in China) This incredible market penetration produced (according to them) whopping revenue increase of 10% in the second quarter. (this is paltry and indicative that not much sales activity is going on) Their TOTAL revenues in period (having one third of the market with 90% of that in place during the first quarter) were only $140K. Profit was a measly $4,161. Now follow this logic: Even if they get 100% of market they can only get a total 9in their core business) of maybe $900K in revenues. They then, with serious expense control will be able to make about $50K of profit. THIS IS A 100% MARKET SHARE!!!!! Now consider the other facts: The respected journal "The Economist" predicts that in five years the Chinese have a shot at having the equivalent of Cleveland metro area on line. (would you invest heavily in a company that the best case scenario was dominance of Cleveland) All sales are in Chinese currency which cannot be converted to dollars. You have all heard of the commies yearning for hard currency right. The average Chinese person, even if they could save every dime they made for two years and buy a computer, wouldn't have electricity to power it, or the phone lines to communicate. Remember that the government is very threatened by the implications of mass communications that are not controlled and filtered by the government. China is not even close to South American in development. Also consider the demographics if you are a really forward looking individual. They are aggressively maintaining their one child per couple population incentive. Such enforcement has been most successful and aggressive in the urban areas which are really the only areas that can even be considered to be prospects. This means that the generation most likely to be able to embrace technology will be significantly smaller than what currently exists. At the very least you have the demographics that have dirven YHOO and AOL so high turned upside down. Bottom line here is you need to do your own research. Try to get an audited financial statement from a big six firm. Check U.S. banking references that will certify bank balances over the last six months. Check who holds warrants, convertible debentures, etc. Gee who do you think has been selling all this stock? This stock has had a fine run, but there is just nothing there except a pretty web site that would cost about $10,000 to put together. By the way stop by the web site and try to buy something. See what you get back. I say take your profits and get out why the getting is good. I have challenged several, Especially Thumper, to provide real factual professional reasons to buy this stock at this level and all I get is insults... which is what will happen now. Check out my posts on this. You'll be scared too. Take some profits -- if you can -- and have a good time this weekend. Irrational exhuberance and greed will kill on this stock.