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I've been hearing that Merrill Lynch brokers are pushing this stock, claiming that it is destined to be the AOL of Asia, despite the fact that it is still a Bulletin Board company. When I decided to do my initial research tonight on exactly what and who PCCLF is, I had to admit that I was quite surprised. PCCLF is ran by none other than Richard Li, 31, founder of Star TV (which he later sold to Rupert Murdoch's NewsCorps for some $900 million), and heir to the $9 Billion fortune of his father. pcg-group.com pcg-group.com pcg-group.com pcg-group.com Li invested $129 million in Softnet (SOFN) back in Oct, 1999: softnet.com On top of that, Li appears to be using his holding company to invest in holding companies in various parts of Asia, such as Singapore: whois.com (hope this link continues to work) So I would be very interested in seeing others flesh out this story for the rest of us. I don't buy the AOL analogy, but I certainly see a comparison with CMGI (which is supposedly ALSO a major shareholder in PCCLF), and SoftBank. One last thing... This stock is VERY DIFFICULT to get an accurate quote on. Etrade shows it, but Yahoo and SI do not reflect a quote. Go to www.etrade.com for a delayed quote, but no bid/ask.. yet. I can't figure out why there is no bid/ask, when Merrill is so actively discussing the stock with their customers. | ||||||||||||
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