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

To: Elllk who wrote (528)	3/16/1999 6:50:00 AM
From: Mr. Forthright	Read Replies (1) \| Respond to of 781

Naive.

To: Elllk who wrote (528)	3/16/1999 10:57:00 AM
From: Retired41	Read Replies (1) \| Respond to of 781

Larry, your posts are rational but you are missing the point. The scam is not against the government of China, they are accomplices. The scam is to get U.S. hard currency into the country. Licensing a company to develop a resource (Chinese internet) that is virtually non-existent (about the market potential of Cleveland when fully mature) if the government's doing as a way to gain the hard currency they need to feed (and bring goods that will otherwise placate) their people and maintain power. I think you will see that China will "license" anyone and everyone that can bring hard currency into the country. You might be surprised to find the same in several western country exchanges. So the owners are not fools, they are quite deliberate in their intentions. And you are helping them to fool us. The biggest indicator of this is there is virtually no documentation present, and that which is forthcoming (Chu & Chu) is highly suspect. Larry if you have made some money on the stock count your blessings, but at least realize the facts that without a bloody revolution the Chinese government will not even consider making the internet available to the masses. The statement you have made that the government is taking steps to nurture the internet is contrary to all press coming out of that country. They have been cracking down on internet and even phone connections. You have to have tried to do business in a communist country before and then you will realize that what you take for granted is simply not ever going to be available without revolution. Even with dealing in Russia now you can't get an appreciable internet connection going. China doesn't even have good phone service in their major cities. How are they going to rapidly develop an internet? Larry, your discourse was thoughtful, but it begs the question as to your position. They still are asking you to just send money to China and trust them. Why would you even consider that an investment and not akin to buying a lottery ticket? A solid business decision would have to recognize that China is decades behind the U.S., they are not friends (in fact they are decidedly hostile to capitalism, and the principles of the company have absolutely nothing to lose by breaking U.S. securities laws. Now how can this look good?

To: Elllk who wrote (528)	3/16/1999 11:29:00 AM
From: Retired41	Read Replies (2) \| Respond to of 781

Larry I forgot to cover a couple other of your points. I can unequivocally state that ALL legitimate companies anywhere in the world are quite familiar with U.S. securities laws long before they register a security. That is part of the process. If you have time and the interest call a good business lawyer and discuss this. You will be surprised just how basic this is. Further ALL countries with an exchange that wants to be taken seriously have reporting requirements that are to a certain extent based on the U.S. laws. The rationale behind this is that they want U.S. institutional investors (that's where the money is). Lastly the PR company thing is simply the MO of most BB scams. There are literally hundreds of them. You might be quite surprised to find that these guys typically get paid in stock/options and /or warrants. Then they disappear when the company tanks. This is just the first and most obvious sign to the experienced investor. Sorry to burst your bubble.