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

To: Grainne who wrote (586)	3/18/1999 3:25:00 PM
From: johnlag	Read Replies (2) \| Respond to of 781

I'll agree with you that there is huge growth that will occur in China over the next LONG while. It will probably be decades before they begin to function in any way that is close to western society, if ever. BUT - Investing into China is different than making a profit. It is also different than bringing funds back into its corporation based in the British Virgin Islands from China that listed on a US exchange. The shareholders seem to be on the very low end of a long stick. It is VERY difficult for western companies to do any kind of business in these types of countries. I have a lot of experience with oil and gas guys that went into the former USSR and after spending money on infrastructure, had all their assets stripped back to the government. In fact, I don't know one successful venture that has worked. This company has made great efforts to stay away from being required to report to the SEC or make itself verifiable in any way shape or form. It's just not standard business practices. Why bother having a public listing on the OTC exchange when the management and founders would do much better as a private company? How can the shareholders ever really be comfortable owning subsidiaries and such when it is all OUTSIDE the US boundaries. There's two ways to do things, and still this smells wrong! On the China cash injection side... Guys like Bill Gates don't mind throwing millions of dollars at something and hoping it grows into the next big thing in 20 years. He sees the BIG picture. IMOT is not focusing on long-term. Projections are short term, and I think unreachable. Just my opinion, still short. John

To: Grainne who wrote (586)	3/18/1999 10:02:00 PM
From: Retired41	Read Replies (1) \| Respond to of 781

Christine, yes I read the posts and they are quite tiresome. Emotion and no facts. Investing is not a feel good type of game. IMOT, is not willing to put forth any verifiable evidence that it is a real company. That's been my refrain from the beginning. All that comes back is fluff. I'm not insulting anyone's intelligence. I believe that most posting the fluff on this board are simply greedy evil people. Kind of like they think of this as a ponzi scheme they thought they had control of. If you're out of it, fine. But then don't hype. Get cold hard facts that every legitimate company eagerly puts out. Attacking me as though I am some sort of ideologue is quite the deft challenge. Me thinks thou dost protest too much. In otherwords you seem to be the demagogue here. I have already addressed all your points in various posts. Read them. P.S. Consider this: IF China hits average of estimates of 4MM internet connections within a few years they are still a puny market for a portal.