| An SI Board Since March 1999 |
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SINC |
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I have been following this company for the last few weeks and would like to discuss the merits and potential rewards SINC offers. For those that are not familiar with the business plan, the principle elements of the company's business strategy are:
1) The company intends to invest and build a highly reliable and versatile telecommunications network in Hong Kong that will provide local access to the homes and offices of customers.
2) Carriers in Hong Kong will lease transmission capacity and lines from the company as demand is required on a "pay as you use" principle.
3) The company will build the infrastructure in partnership with the carriers who are the direct customers to the company, adopting a "just in time" format.
The capital costs are significant, at 50 million in 99, 160 million in 2000, 161 million in 2001, and 115 million in 2002.
The expected revenues are also significant at 10 million in 99, 34 million in 2000, 67 million in 2001, 102 million in 2002, 144 million in 2003, 183 million in 2004, and finally 218 million in 2005.
The company has apporximately 7 million share outstanding. The company has a website at sincsfi.com
They continue to build a strong board of directors, but the first major hurdle is to raise the first 50 million for 1999's capital costs.
Any thoughts ??
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