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To: $Mogul who wrote (7084)	4/13/1999 11:01:00 AM
From: Arouk	Respond to of 13776

Let me answer that one $Mogul... I worked in South-East Asia mainly in the Philippines up the financial crash in 1997... There's a major question that should be raised with the last PR from GTMI...Who's gone bring the cash for those houses???? 20k houses @ 10k$ = 200M$ in 6 months based on a 3.6k houses per month. There's no way, fillipino government could afford that without the help of the World Bank or the Asian Development Bank. In such a case, it would have been typed in BOLD in the PR. Beside, Cagayan del Oro is not a major city of the Philippines. If I remember well it is located in Davao Island, one of the poorest part of the country. IMHO...GTMI should be a very short term play. Finally, notice that lately we are surrounded by company that carry the word GLOBAL in there company name. IMHO...those should be looked at carefully. But again to your own DD. Arouk