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THANKS xxray ~~~ got our
grandson (Joshua :) in for a few
days and "nap time" just ended :(
be back later !! EZ:)
Scramble for Net Partners in China
By Joanne Lee-Young - Hong Kong Correspondent
Jun 08 2001 09:50 AM PDT
The pending announcement of an AOL-Legend alliance sparks a frenzied rush to consolidate among China's Net players.
It's been a long time coming, but now it's happening with a new urgency: China's crowded and unprofitable Internet market is rushing toward consolidation.
A leak ahead of next week's announcement that media giant AOL Time Warner and China's top computer maker, Legend Holdings, will form a massive Internet joint venture has China's domestic Internet players scrambling to find partners.
So far, the Chinese Internet market has grabbed headlines because, according to official figures, it boasts 22 million users and is doubling in size every six months. Last year, capital was flowing for ventures that combined the heady mix of the Internet's reach with the vastness of China. Companies sprang up easily, many on the Nasdaq. As cash burned, however, they soon found themselves battling over a paltry online advertising market of less than $100 million.
Analysts have long been prescribing consolidation, but that process has been held up by a variety of issues, both sentimental and legal. Industry insiders say some founders have been reluctant to concede control of companies that had crowned them pioneers of a new information age in China. Meanwhile, Beijing's draconian rules on ownership of online content providers in China made foreign companies wary. As a result, buyers have been content to sit and watch as the Chinese Internet companies Sina.com, Netease.com and Sohu.com, slide in value.
Now that AOL and Legend are joining forces, however, everyone in the market is preening and talking furiously to all interested parties.
Sina, the first domestic portal to strike a serious chord with Chinese Web users, shed 15 percent of its staff and ousted its independent-minded CEO and president this week. The new CEO is viewed as someone with deal-making experience, and the change "could suggest that there is an acquisition looming," according to Matt Adams, Internet analyst at Credit Suisse First Boston in Hong Kong. Sina didn't elaborate.
Netease.com, another China-based venture that is about 10 percent owned by News Corp., has been clearing up embarrassing accounting snafus and chatting up everyone from AOL and Legend to Hong Kong conglomerate Wharf Holding's I-Cable unit. Its founder, William Ding, is reportedly ready and willing to sell to the highest bidder.
On Thursday, the Asian Wall Street Journal reported that Ding, who is not only the founder but also the majority owner, has agreed to sell NetEase for $85 million in cash to I-Cable, and that an announcement would be made on Friday. But insiders say that until the deal is officially announced, anything can still happen as bankers, venture capitalists and entrepreneurs converge on Beijing to put money on the table.
Sohu, which runs the third major Chinese portal, has seen stakes previously owned by foreign companies, including Dow Jones and Intel, being snapped up by a Chinese software company called Beida Jade Bird Group.
The attention isn't just on those for sale. Buyers are under frenzied pressure, too.
Even Hong Kong tycoon Li Ka-shing's Tom.com, which has recently been more interested in buying offline properties, is said to be shopping. With a treasure chest of about $100 million, Tom.com can afford to do some bidding.
One player with a significant amount of money to spend, some $400 million, is Chinadotcom. Executives there are publicly coy about specific acquisition plans. But Chinadotcom has to stop sniffing around and act soon, analysts say. The company had a licensing agreement with AOL in Hong Kong, but that is winding down, and AOL is likely to bypass them in favor of Legend as a partner in China.
Chinadotcom was one of the first China Internet companies to diversify its revenue stream beyond the portal business, but if it wants to remain a serious force in the market, it desperately needs to acquire one of the existing domestic portals. "Otherwise, it should just shut down its portal business," says Adams of Credit Suisse First Boston.
Hi Josh ~~ Happy Weekend !!!
Hey, it's still a 7 game series, right !!! :)
If you get a moment....no rush....can you tell me anything//
or//provide some of your insights on: LTVCQ
EZ:)
OT: Here is an "excellent" article (repost) and one we all should read ~~~~~~~ EZ
***Here's a very good read - btw, this is a good dude, and he has a board here at iHub: http://www.investorshub.com/boards/board.asp?board_id=94
Interview with an OTCBB Trader- Steve Platsis
Written by: Giando Argentina
Published by: OTCBB News Network
06/08/2001
The Internet has proven to be somewhat of an equalizer for the individual investor, especially in the OTC Bulletin Board arena, where information about stocks was extremely difficult to find just a couple of years ago. Unfortunately, due to the easy profits of 1999 and early 2000, many investors have come to rely on newsletters, touting stocks for payment or stock pickers that made a name for themselves when any stock with a pulse was rewarding investors with double or triple your money gains.
Steve Platsis has a somewhat different approach to trading and investing in the OTC BB. While not against trading a stock simply on a momentum move, the focus is definitely more on uncovering pertinent information about a stock before the masses. In part from digging deep in the SEC filings, something the majority of OTCBB investors fail to do. As Steve stated in an article from The Wall Street Journal, “I have access to more tools and data than a lot of professionals that I know…but you know, it's hard work. You've got to really be willing to dig.” Three years ago Steve decided to leave the accounting profession behind and trade stocks full time, estimating he spends about three hours a day researching stocks.
Steve Platsis started a message board on Silicon Investor a couple of years ago called “The Golden Lists”, recently also adding a real time chat room available at www.goldenlists.com or www.tgllive.com . With the emphasis being on research and understanding of why particular stocks are moving or will move. Steve can be found in the chat room or message board under the online moniker SSP. Today we will chat with Steve to find out a little bit more about his style of trading and investing.
Giando: Thank you for taking the time to chat with us. How did you become involved in the OTCBB and was it a profitable experience at first, or did it take a while to hone your skills?
Steve: Thanks for having me; although I didn't start trading the OTCBB stocks until about a year later of online investing, they were the stocks that made me really get serious about research. My initial experience with them was an eye opener, and at that point I was at the stage where I had made enough money to leave my work from trading the NASDAQ internet stocks during the dot.com mania. OTCBB stocks are a whole different world of trading! I became more interested in them because of the leverage they have to offer. However, there was so much more to be cautious about, which I quickly became aware of. My original OTCBB experience wasn't profitable, in fact I still have the shares as a reminder/lesson, I just moved on and went for a more disciplined and careful method of trading since then.
Giando: You have managed to do what most OTCBB investors dream of doing, quit your job and trade full time. What advice do you have for someone who may be contemplating such a move?
Steve: The only way anyone should quit their job and begin trading full time, is if they have built enough equity and cash to allow such a move possible. I didn't quit my job and dive into trading online without building up a nice portfolio first! While I had my job, I would use my lunch break to make a few trades, after I had enough cash I made the move to leave my job.
Giando: What is the idea behind The Golden Lists message board and when did you start it?
Steve: My experience with trading lead me to pay attention to companies that made it known to the public that a major event was coming during a specific date. I used to keep track of the ones that caught my eye on a paper notebook. Because I couldn't catch them at the instance the news was released since I was at work, I waited until the hype died down and for the stock to level off as people forgot about the event or at least didn't have the patience to hold until the specified event date. Most of the time as the event nears, people are reminded and begin to buy back in, leading to the events completion. An example would be MSFT, with the launching of XBOX in November as a forward event mentioned in a press release. I was using this simple method trading and was patiently waiting for a gold stock that I held to prove itself. As I was following the gold stock message boards, I met my now partner, Jim Bishop. Jim and I were "making money elsewhere" as we were waiting on "The Golden Stock". Jim decided to start the message board on June 3, 1999 on Silicon Investor, which was based on the theme of forward events and impact dates mentioned in press releases or other reliable sources. Now my paper notebook was kept track of online and became a group participation of finding List stocks that met the criteria. We didn't know if the message board would amount to anything, well it's 2 years later and there is over 86 thousand messages and still going strong. The "Golden" in The Golden Lists was derived from the gold stock. The Golden Lists web site was created to keep track of The List stocks, and available for all to view at their leisure.
Giando: When did you decide to start the real time chat room and why?
Steve: The Golden Lists message board became more than just a message board to follow The Lists, it became a group effort on market watch, news scans and alerts, volume and price movement alerts, and generally finding hidden gems that are about to move, or have just started moving. However to do this in real time means a huge advantage! Therefore I introduced TGL LIVE last December. It has now become a very popular place to hang out in such a short period of time!
Giando: What, in your opinion, are the biggest mistakes that investors or traders make with OTCBB stocks, and what words of advice can you give them?
Steve: One of the biggest mistakes I see from time to time is people chasing a running stock, history proves that it'll come back most of the time, so patience can prove a better bargain. I'm not so sure if there are OTCBB specific mistakes, trading mistakes apply to all stocks on all exchanges. My advice is to learn how to research (DD) and know what to look for. Develop a system of checks that you never leave out and stay organized, create a folder containing a list of DD bookmarks in your favorites menu, so you can perform these checks quickly, speed is important when one encounters a perking stock. A good start is to review the TGL Checklist and reminders found here http://www.goldenlists.com/tgl/index.html .
Giando: When going through Due Diligence on a particular stock, what in particular do you focus on?
Steve: First I want to make sure the company is up to date with their filings; a quick look at FreeEdgar's will answer this. From there I view the up to date share structure, the income statement and balance sheet, and any other historic/recent developments that a company must report. I pay attention to S8, S4, 144 and SC 13D/G filings, a lot can be deduced from all these reports. Become very familiar with OTCBB.com web site. There are some failed companies that have reverse split and changed names and symbol to attempt another business venture. OTCBB Daily List should be a daily check! Next I view the charts, many online sites offer exceptional charts today, and I look for various indicators, Williams %, volume, price, among the many. I always view the historical prices and volume to look for accumulation signs; accumulation without a price increase is ideal. However, something in the filings may give a clue to a forward event that the majority of the public won't know about, this will be confirmed with very little historical volume. I also want to know if a particular company is already known by the public, I check the popular message boards for the number of posts and the quality of the postings. If a stock is already on the move, a check to the popular boards can often tell you why it's moving, a good sign is if no one knows and the board is quiet. Another check is looking for E-mail blasts, signing up to many sites that release picks via e-mail can keep you informed as to why a stock is moving. Of course I always look for current and previous news releases. A quick look back at a historical news release may reveal a company in chapter 11! Also get to know the symbol suffixes, E, Q, D are most important.
Giando: How does the Golden Lists chat room differ from the other OTCBB oriented chat rooms available on the net?
Steve: TGL LIVE uses the Digichat software which is one of the best, the choice to use graphics adds to the experience and makes it all the more enjoyable. On top of the market watch and group DD on stocks, there is always room for fun. So a new person to the room will encounter a few patented WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT!!'s which is an statement used loosely, it can be used for greeting people in the room, for excitement, as when one of our stocks starts making a run. Or it can be used to mean, "no way", "unbelievable", "wow" etc. However the group of people that visit TGL LIVE are the reason for its popularity. They are the best group of people I have come across; I feel so close to them that when anyone one is absent for any length of time, they are always missed. TGL LIVE is about the TGL group, the group is what makes the real difference from other live chat rooms.
Giando: The last couple of years have brought us incredible volatility in the OTCBB, what is your opinion of the future direction of the OTCBB?
Steve: The OTCBB is a very important place for start up companies, there will always be start-ups leaving the OTCBB to higher exchanges and failures joining the OTCBB from the higher exchanges. Many will drop off the OTCBB and head to the Pink Sheets. As long as there is entrepreneurs, and investors looking to be a part of their dream, and daytraders hopping on and off the ride, there will always be volatility. With the SEC enforcement laws working to keep the OTCBB clean, the better a place it has become. Figures are showing an increase in volume for the month of May over April, a good sign of investors/traders coming back.
Giando: Thanks again for chatting with us; what words of advice can you give the new investors about how to approach the OTCBB and the companies in it?
Steve: My pleasure, I would like to mention that new investors should get prepared before trading any stocks in the OTCBB. A good way is to join a live chat group, TGL LIVE <ggg>, and lurk until they get the feel of it. Don't be afraid to ask questions, it's important to know! Get well organized, learn the trading methods, and get the proper software that offers real-time quotes, level II and a good online broker account. Learn what market makers are and how they operate, level II reveals a lot. Get familiar with the online sites, bookmark the important ones and develop a stock research method. DD the companies thoroughly, and don't become attached to any of them! They are vehicles for making money, and many are on the move daily; so don't be upset if you miss one ride. We've all heard this before, but it worth repeating, don't play with money you can't afford to lose!
OT: lexmark - LOL !!! Where do you find/attend all of
those concerts ?? Are you in the Munich area ? Do you know
Seppi (who posts on RB board) ? EZ:)
Morning (from USA) Lex !!!! I understand your feelings/concerns......have many of them myself :) But, I do believe we're "headed in the right direction" -- duh.....w/ the wind in our sails....finally ie. pending WTO approval.
There are many apparent small/medium/large plans in place....and working....in the HRCT camp ~~~~~~ I think we'll begin to see the rewards of guarded optimisim coming to fruition. Some may take longer than others, but that's no different than any other business. Hope all's well in Germany.....and here's to a "good" investmenting !!!!! EZ:)
OT: Temp/Tin ~ Wow....what a great sounding family trip, Temp!!! Also, glad you like the iHUB board....Tin is "so timid" --- LOL !!! Actually, it's neither me nor Tin that makes iHUB (HRCT) board work well ======== it's ALL of you !!!
Thanks from both Tin and I for making iHUB a viable alternative
HRCT information/discussion site !!!!!!!!!! EZ is :))))))))))
Just what we needed for the afterburners to kick in on HRCT and many other China related holdings :) EZ
China, U.S. Announce WTO Agreement
By JOE McDONALD
.c The Associated Press
BEIJING (AP) - China and the United States announced an agreement Saturday on farm subsidies and other remaining issues blocking Beijing's bid to join the World Trade Organization.
The agreement reached in Shanghai during a meeting of regional economic ministers this week clears the way for Washington to support Beijing's bid at a meeting of WTO members June 28.
Officials released no details of the deal, but confirmed that Chinese Trade Minister Shi Guangsheng and U.S. Trade Representative Robert Zoellick discussed farm subsidies, services such as distribution to retailers and import-export rights.
If other members confirm the agreement at their meeting in Geneva, that would set the stage for China to join the WTO in time for a key meeting of trade ministers in Qatar in November.
That meeting is expected to launch a new round of trade liberalization talks, following the failure of a meeting in Seattle in 1999 to agree on an agenda for negotiations.
China is eager for a seat at the negotiating table at the start of that round. Beijing sees itself as a leader of developing nations, which complain that the United States and other industrialized countries are driving the global trade debate.
``China is clearly on the way into the WTO, and a strong supporter of the new WTO round,'' Zoellick said in comments released by his office after he returned to Washington.
A statement released by the U.S. Embassy in Beijing said, ``China and the U.S. agree that we should now work together in Geneva to complete China's WTO accession.''
A key sticking point had been Beijing's insistence on being treated as a developing nation, which would let it provide farm subsidies equal to 10 percent of its annual economic output. The limit for developed countries is 5 percent.
Multilateral talks in Geneva on China's membership have stalled since January, largely because Washington and Beijing couldn't find common ground.
Shi and Zoellick reached agreement in a series of meetings held during a conference of economic ministers of the Asia-Pacific Economic Cooperation forum in Shanghai this week.
They met until 3 a.m. on Friday to settle differences over the contentious issue of farm subsidies, according to a U.S. trade official.
China had insisted on the right to pay subsidies to its farmers at a level far above what it can afford.
Farmers in China receive subsidies equal to just 2 percent of the nation's economic output, which is below even the level allowed by the WTO for developed countries.
But Beijing was intent on asserting its status as a developing country, despite huge exports and fast-growing industries in computers and other high-tech fields.
The United States, Australia and other agricultural exporters were under pressure from farmers to resist letting China keep the higher level.
China has been trying for 14 years to join the WTO.
To complete the membership process, China must show that its laws and policies are in line with WTO free-trade rules and that it has won the endorsement of other member governments.
Beijing has obtained agreements from all WTO members except Mexico, which is asking for stronger antidumping protections.
Mexican President Vicente Fox, visiting Beijing this week, told President Jiang Zemin that his government hoped to reach agreement soon.
The WTO has 141 members, with another 29 governments waiting to join.
AP-NY-06-09-01 0800EDT
cjp - YAHOO!!!!!! Theses were a few of the remaining
hurdles for WTO approval and it's great to see the potential resolve/agreement !!! Thanks for posting !!!! EZ:)
Let's get ready to LIGHT this rocket !!!!!!!!!!!
EZ:)
Q&A from hrctweb (repost from RB) on points of interest:
Hrctweb's answers~~~
Question 1: Hi Investorman, actually I would have liked to have everything finished by now, but I expect most of the major phases will be done around the end of the month.
Obtaining access and approval for the online learning license (nationwide) is a huge accomplishment. Naturally, the Chinese government will be quite interested in observing our testbed center. With success, I suspect online learning centers could be established in all the major cities over the next 2 years (various factors depending, which is par for the course in China). Our primary focus for the this initial center will be for high comprehension and understanding by students in China. The program wouldn't be very useful if students aren't learning. We also intend on having in place personnel to assist the classes and improve learning conditions. In fact, Dr. Charlie Yang also intends to be broadcast from time to time, adding insights into US business experience and Chinese-US business opportunities, from a Chinese perspective. This should be a favorite of the students getting his perspectives, which are likely unparalleled in any Chinese University.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Investorman: I forgot to mention, the reason I brought up Distance Learning, is because that is a new section of our website I am coordinating with TSS and others to illustrate examples of where we are going.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 2: Hi Solon13, yes this is Denis Poon, why do you ask?
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 3: Hi TIN~berrygood. I'm not sure what the status of the various Koffman applications are. I'm not sure if the applications are being held, dependant on StreamingAsia's situation. As you know, the original intent for the Koffman accounts were so US investors could accept Hong Kong shares and trade Hong Kong securities. With the possibility that StreamingAsia may have representation in the US first before in Hong Kong, the applications as a whole may be in a holding pattern.
If you can, please email me at Hrct@Hartcourt.com with your name, and I'll inquire to Dr. Phan and Koffman for you. Thank you.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 4: Hi Jmap. Since Hartcourt personnel as spending increasing amounts of time in Hong Kong and China, VeritasIR was contracted to assist as a presence on the RagingBull. Unfortunately, time is becoming a rarer and rarer commodity, and time is not available for posting to RagingBull. VeritasIR is just a single facet of Hartcourt's IR plan.
I understand many are more accustom to a knowledgeable interface working directly with Hartcourt's business operations. Unfortunately, VeritasIR does not have that kind of knowledge base, but is intended to have a similar role as DDinvestor used to. Questions are intended to be collected and condensed, with responses disseminated from Hartcourt. Our apologies, if in these intial stages that the situation has been confusing. As you all know, Hartcourt's business operations are not the simpliest to fully comprehend. I will assist in smoothing out the flow of information. We hope, after this initial phase, this will provide an easier path for investor questions and answers.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 5: Hi Onlyup. Jack Westfield continues to work with Hartcourt, but now on a contractual basis. As you know, Dr. Phan and Dr. Yang have many very promising opportunities (through various connections, etc) for Hartcourt in Greater China. A key element that has been missing is the level of funding that would fuel and accelerate our developments. Jack Westfield has been responsible for developing channels of funding and while the environment is tough now, Dr. Phan believes in reward for success. Under his contract, Jack Westfield will be rewarded handsomely for large sources of funding. Also, Dr. Phan is also working to developing funding channels through other parties as well. In this current environment, you don't want to be dependant on just one path, but rather a whole team scouring the landscape. Now, if Dr. Phan had 200 Million to work with in China, Hartcourt would have quite a fireworks display.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 6: Hi 500_and_Long. StreamingAsia still fully intends to go to the Hong Kong GEM, but the additional 35% purchase by Hartcourt (net 85% Hartcourt ownership), makes a change of ownership. The SEHK (Stock Exchange of Hong Kong), has regulatory guidelines about companies that are subsidiaries (Percentage ownership that contitutes a subsidiary), and also change of ownership. Because of these items, adjusted wait periods are part of the guidelines. It is now possible (as addressed in Question 2), that StreamingAsia may have representation in the US before Hong Kong. While this is just a possibility, if such were to occur, a Hong Kong representation is still anticipated. As details become available for public dissemination, they will be released via press release or Hartcourt's mailing list.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 7: Hi Mr_Bank_Roll. CFO Manu Ohri would know the exact details, since he handles Hartcourt's financials and acquisition contracts. To my understanding, principles of StreamingAsia have already received payment for their sale of an additional 35% to Hartcourt. If there are any legal paperwork that was required, I don't know when that completed.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 8: Yes, to my understanding Hartcourt has an ownership interest in TSS and is possibily seeking an increased ownership stake, due to the 85% ownership of StreamingAsia. On the surface it may seem confusing, but Yuanta Securities and the SEHK did not like that Hartcourt had interests in both StreamingAsia and TSS. To the non-technical, StreamingAsia and TSS appear to be directly competing. And while each are providers of streaming media technology, StreamingAsia is focused on corporate and entertainment industries; TSS is focused on TV, Radio and Distance Learning. TSS' clients in China include 5 major TV stations, over 15 radio stations, and 2 prominent Universities, in addition to all the special events they have handled for the Chinese government, particularly Beijing events (and the Hong Kong/Macao Handover). Hartcourt sees both as complementary, not competing, although to some degree, StreamingAsia's principles had some resistance and desire for independance as well. The 85% ownership (and what the resulting plan entails) suits Hartcourt long term goals better.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 9: Unfortunately, I cannot discuss or clarify any questions about unannounced situations. As such information becomes available for public dissemination, it will be available via press release or the Hartcourt mailing list.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 10: Hi TIN~berrygood. While interest is high in China for FinancialTV, Hartcourt has directed funding to higher priority projects. The delay in delivery of the SinoBull Financial Channel, is not that critical, and our Distance Learning project is of higher priority. When SinoBull gets listed, I suspect funds generated then would enable the launch of the SinoBull Financial Channel.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
Question 11: Hi 1Moodyblue. You probably submitted your question before I answered the others. See the responses to Questions 4, 5, and 6. I think that should cover most of your questions. Also, as for ChinaOnline, the US Partner we were deeply involved with in being the Internet infrastructure parter was PSINet HK. Unfortunately, they have had many financial troubles and are unable to go forward with that project. At this point, we would still need a large Internet infrastructure partner to bare most of the telecommunications expansion costs. And in this environment, such companies are holding on to their cash and waiting for China's acceptance into the WTO. For now, the focus of Hartcourt are higher priority projects.
Hrctweb
Hrct@Hartcourt.com
Webmaster for The Hartcourt Companies
muel - tin just consolidated all the Q&A conducted on RB by hrctweb this p.m.. Some good info on several of the 'go forward' points of interest. EZ :)
Tin - THANKS for consolidating all the hrctweb stuff....certainly iHUB viewers will appreciate it greatly !!
EZ:)
Fuel for ITOO !!!!!!
EZ:)
LAS VEGAS--(BUSINESS WIRE)--June 8, 2001--Nevada's Interactive
Gaming Bill, which passed out of the Senate on Monday June 4, has now
been enrolled and sent to Governor Guinn's desk and is awaiting his
signature.
Though he is expected to sign the bill immediately, the Governor
has 10 days to veto the bill or sign it. If within 10 days he does
nothing, the bill will become law. i2corp.com's management believes
that final passage of the bill will accelerate i2corp.com's path to
U.S. market-based revenues.
In a recent related article in the Las Vegas Review Journal
(Thursday, June 7, 2001), prominent local Attorney, Tony Cabot, of
Lionel Sawyer & Collins, an Internet gambling-law expert, said,
"Station Casinos and Las Vegas-based ('i2corp.com's') Home Gambling
Network are the only two companies selling systems allowing players to
bet on casino games from a location outside of a casino."
i2corp.com's Home Gambling Network (HGN) U.S. Patent 5,800,268
covers all remote wagering on live games and events with electronic
financial transactions and it is managements belief that it is poised
to become the de facto standard for the remote wagering industry
worldwide. The patent has been applied for in Australia, Canada and
European Patent Offices. The European patent was published in November
of 1999.
OT: Ray ~~ Looks like it could be a
BIG run for ITOO !!!!! :)
Now let's get CHAG - chuggin' too !!!
EZ
LAS VEGAS--(BUSINESS WIRE)--June 8, 2001--Nevada's Interactive
Gaming Bill, which passed out of the Senate on Monday June 4, has now
been enrolled and sent to Governor Guinn's desk and is awaiting his
signature.
Though he is expected to sign the bill immediately, the Governor
has 10 days to veto the bill or sign it. If within 10 days he does
nothing, the bill will become law. i2corp.com's management believes
that final passage of the bill will accelerate i2corp.com's path to
U.S. market-based revenues.
In a recent related article in the Las Vegas Review Journal
(Thursday, June 7, 2001), prominent local Attorney, Tony Cabot, of
Lionel Sawyer & Collins, an Internet gambling-law expert, said,
"Station Casinos and Las Vegas-based ('i2corp.com's') Home Gambling
Network are the only two companies selling systems allowing players to
bet on casino games from a location outside of a casino."
i2corp.com's Home Gambling Network (HGN) U.S. Patent 5,800,268
covers all remote wagering on live games and events with electronic
financial transactions and it is managements belief that it is poised
to become the de facto standard for the remote wagering industry
worldwide. The patent has been applied for in Australia, Canada and
European Patent Offices. The European patent was published in November
of 1999.
Mornin' Guys!!
Going into the "grandpa" mode for a few days
w/ Joshua (no NOT xxray :).....and, will be on/off
boards. If I don't cross for a bit.....have a great
trading day & SUPER weekend !!!!
EZ:)------< and "baby" Josh !!!
News! Earthshell is going to hold a breakfast breifing June 13th @8am in Baltimore! From PR News Wire
Josh - need some help.........
"exactly" what should I read from the convergance of the lines?
EZ :)
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&2fval0=200&3fval0=2...
Arch/Muel ~~ can you say "rocket fuel"
EZ ))))))))))))))))))))))))))
http://www.investorshub.com/boards/read_msg.asp?message_id=122572
What ????? No mention of Sixers OT Victory in Morning Report?????
EZ:)
compliments of Iman RE: annual mtg. location (confirmed by Georgia)
Mr. Investorman: Hartcourt has reserved the Courtyard Marriott, right next to the company office, at LA International Airport. The meeting time is 2 pm Friday 20 July 2001.
Georgia
===========================================
There are a couple of Marriott Courtyards in the LAX area... is this the correct one?
Courtyard Los Angeles LAX/Century Blvd
6161 W Century Boulevard
Los Angeles, CA 90045
USA
Phone: 1-310-649-1400
Fax: 1-310-649-0964
Just minutes from the Los Angeles International Airport, the Courtyard by Marriott at Los Angeles Airport is centrally located to the cities business district and tourist attractions. We are just minutes from beaches, shopping and downtown L.A. A complimentary shuttle service is provided to and from Los Angeles International Airport. The Courtyard by Marriott at Los Angeles Airport caters to the disriminating traveler who prefers traditional hospitality, a quiet club atmosphere and fine service. All of our 178 sound proofed guest rooms are superbly appointed with separate work area, sofa, in-room coffee, hair dryers, Pay-Per-View movies, refrigerator, two phones with dataport and iron and boards. Each guestroom is tastefully designed with contemporary art, fine wood and Italian marble. The Courtyard Cafe will entice you with California cuisine that is fresh and fragrant. Relax and enjoy a cocktail in our Lounge. Added amenities include a fully stocked gift shop and prompt room service.
Hotel Information
7 Floors, 178 Rooms, 6 Suites
4 meeting rooms; 1750 sq. ft. total meeting space
AAA Diamonds: 3
Check-in: 3:00 PM; Check-out: 12:00 PM
Express Check-in, Express Check-out
Pet policy: service animals for people with disabilities only
Complimentary parking
Facilities & Services
On-site Restaurant
Room Service
Cocktail Lounge
Complimentary coffee in lobby
Laundry valet
Self service laundry facilities
Child care services available
Concierge services
Gift shop/newsstand
Secretarial services available
Safe deposit box at front desk
Fax, copying
PC available
Printer available
Guest Room Amenities
Work desk with lamp
Voice mail
Data ports on phone
High-speed internet access
TV with remote control
Cable/satellite TV
All-news channel
In-room movies
Newspaper delivered (Mon-Fri)
Complimentary in-room coffee
Iron and ironing board
Hairdryer
In-room safe
Cribs available
Restaurants & Lounges
Courtyard Cafe (American) open for breakfast, dinner
Area Companies
Computer Science Corporation (1.5 mi)
Federal Express (1.5 mi)
Hughes Aircraft (1 mi)
Los Angeles Air Force Base (2 mi)
Mattel (1.5 mi)
Northrop Grumman (1.5 mi)
TRW (2 mi)
Xerox (1.5 mi)
Attractions & Landmarks
Beverly Hills/ Rodeo Drive (10 mi)
Disneyland/ Knotts Berry Farm (36 mi)
Downtown Los Angeles (12 mi)
Getty Museum (10 mi)
Hollywood/Hollywood Bowl (13 mi)
Magic Mountain (30 mi)
Manhattan Beach (2 mi)
Santa Monica Beach & Pier (3 mi)
Universal Studios (18 mi)
University of California Los Angeles (10 mi)
Sports & Recreation
Exercise Room
Whirlpool
Jogging (2 mi)
Tennis (2.5 mi)
Beach (2 mi)
Sailing (2 mi)
Jet skiing (2 mi)
Water-skiing nearby
Skiing (50 mi)
Golfing:
Manhattan Beach Marriott Golf Club (9 holes; 1220 yards; 3 par; 2.5 miles away)
The Lakes Golf Course (9 holes; 1340 yards; 3 par; 2 miles away)
repost: RE -- annual mtg.
By: veritaspr $
Reply To: 142138 by veritaspr $ Thursday, 7 Jun 2001 at 10:53 AM EDT
Post # of 142142
Mr. Bank Roll: Hartcourt plans to hold the Annual Shareholders Meeting on July 20th, 2001 in Los Angeles instead of Hawaii to save on expenses. We are waiting for the SEC to approve the proxy statements which will then be mailed out to shareholders.
Georgia
DISCLAIMER: VeritasPR is not a registered investment
advisor or broker, therefore, is not qualified to give
out advice on any investment matter. Veritas PR has
been retained by Hartcourt on a 6-month consulting
contract with a compensation rate of $3,000 per month.
Veritas PR has no other interest in Hartcourt at this
time. Our Email address is georgia@veritaspr.com.
Tin/Jmap ~ agree w/ both of you. Something has GOT to be going on w/ Sinobull !! Just in the past 3-4 days, the news is inundated w/ many more "specific" activities ie. AOL/Legend, HP, IBM, Mr. Softee.......and, directly/indirectly we're dealing with many of them already. I can't remember who posted it.....some time ago.....but, during the SA issues surfacing on the IPO (not)....there was mention of Sinobull being on the FRONT burner to "monetize" ---- get in position to ---- and/or look for significant new "partnerships" to leverage size/potential against depleted market conditions. IMO....there is something happening w/ SB >>>>>>> and, let's hope we hear the "facts" soon !!
EZ:)
It's GAAAAAAAAAMMMMMMMMEEEEEEEEEE time :)
A good read---The OTCBB Roller Coaster
By Daryn Fleming
Published by OTCBB News Network
06/02/2001
The OTCBB stock market is a lot like a roller coaster ride at an amusement park. The stocks seem to trade on no rhyme or reason. The SEC changes that have required OTCBB listed companies to file regular reports seems to have had little or no effect on how the market itself behaves. The stocks seem to have a mind of their own, trading in patterns that are totally unrelated to earnings, revenues, and other fundamentals. To make money on the OTCBB you have to quickly get in and out of a stock. The letters we get everyday lead us to believe that a lot investors do not understand this. They seem to be puzzled by the fact that a stock doesn’t go up and stay up. Sure there are some stocks you can buy and hold, but these are few and far between. Why are a vast majority of the stocks on the OTCBB so volatile (moving dramatically up and down)? The answer lies in the nature of the OTCBB and the companies.
What is the OTCBB? The OTCBB is not really a stock exchange. It is rather an electronic bulletin board featuring over-the-counter stocks (OTC companies are those with stock issues that are not listed on any major stock exchange like New York Stock Exchange, American Stock Exchange, or Boston Stock Exchange). OTCBB stands for Over-The-Counter-Bulletin Board. It is essentially a computer network owned and operated by the NASD (National Association of Securities Dealers-- the same organization that runs NASDAQ). OTCBB Market Makers quote the stocks and post the best bid (the price that market makers will pay for a stock) and ask (the price that market makers will sell a stock for) prices on the system. The OTCBB has been around since the early 1990s.
Most companies that list their shares on the OTCBB are young developmental stage companies, struggling to capture a portion of a market in whatever industry they are involved in. Some of them are failed companies from larger, more prestigious exchanges like NASDAQ, NYSE, or AMEX. Many OTCBB companies have minimal assets and no revenue or earnings. Lots of them have little or no money. So the fundamental-based formulas (like debt/income ratio, price/earnings, etc.) that investment books and experts talk about in the mainstream press simply do not apply to most OTCBB companies. So you have to discard stock analysis based on fundamentals. For the most part, OTCBB stocks are priced not based on present or future earnings but current supply and demand of the stock in an electronic auction process. What about technical analysis (charting stock prices and attempting to predict future prices)? Charting is probably a better indicator than fundamentals. Experts claim charts work 70% of the time. But charting is an inexact science, and seems to work for anything from stocks to betting at the casino. Charts are best used as a research tool to provide insight rather than predict.
One of the major problems of the OTCBB has to do with information. A vast majority of the information about the stocks comes from PR firms. While these sources are valuable, they are extremely biased because they have a financial interest in the stock. Most PR firms present the stocks to the public as if they are long term investments, using the same kind of language that is typical in Wall Street circles (as you will soon discover, the OTCBB is not for long term investing). Yet these PR firms are good starting points because OTCBB stocks do not get the attention of the mainstream press. So most of the time we would never hear about the companies if it weren’t for the PR firm.
Another source of information are the internet message boards. They are absolutely not a reliable source for information, with “bashers” and “pumpers” (terms given to investors who are quite vocal in their support for or against a company) and other anonymous characters with questionable loyalties that you certainly would not want to put faith in for your hard earned investment dollars.
Unlike the stocks that are listed on the larger exchanges on Wall Street, OTCBB companies typically have no coverage by analysts. The OTCBB News Network plays a valuable role in the process through its attempt at independent news coverage and analysis. It is very difficult to find good OTCBB stocks without a reliable news source (see News vs. PR: Where Do You Get Your OTCBB News From?).
The bottom line is that the OTCBB is best suited not for long term investing but rather for trading (short term investing). Investors who successfully make money on the OTCBB are those who buy the stocks and resell them very quickly for a profit. OTCBB investors can be broken down into different categories: Day-traders, very short-term traders, short-term traders, and long-term traders.
By strict definition, day trading is where you buy and sell a stock on the same day, attempting to capitalize on intra-day price moves. Very short term trading is where investors buy a stock and hold for a couple of days, capitalizing on the upward momentum movement of a stock price and then selling out for a higher return. Whether day trading is better than very short term trading is debatable. Sometimes very short term traders will do better than day-traders because a stock that is moving higher will sometimes continue over the course of a few days. But there will be lots of stocks that crash the day after a run, meaning that the day trader was actually much better off because he sealed in his profit right away.
Other investors will buy a stock and hold for a couple of months, believing that a stock will trade much higher than its current trading range in a couple of months. When they reach their target they sell out. Some of these investors are those that failed in a day or very short-term trade and got stuck in the stock at a level too low to sell without sealing in unacceptable losses. Sometimes these short-term investors actually become long-term investors because it takes months or even years for the stock to move up.
Based upon my analysis from trading for many years, I have come to the conclusion that long term investing is not the way to go with stocks on the OTCBB. Those who choose to go long term on OTCBB stocks are sadly risking everything because very few stocks actually increase in value over the long haul. The reality is, most OTCBB stocks will not be the next Microsoft. It is the long-term investors who are left holding the bag after a stock spikes and then comes crashing down. Long-term investing is best left for mutual funds or large stocks that produce regular and predictable earnings, year after year. It is not suitable for the OTCBB except in some of the more expensive issues like the banks or other solid performers who qualify for a larger stock exchange but choose to remain on the OTCBB for whatever reason. But if you invest in one of these stocks for the long haul you better do your research and make absolutely sure the Company is solid.
Primarily short-term investors trade the OTCBB. This is one reason why the stocks fluctuate so wildly. Do not fall in love with OTCBB companies. If you are truly passionate about a company you would be surprised how much cheaper most of them will be at a later date. When one stock is finished running there will be many other similar opportunities. The reality is most OTCBB stocks eventually go to zero or close to it. Nevertheless, most of these stocks will have trips up and down throughout their trading life, providing many opportunities to make 100% or more profits. The very volatility of the market is what makes the OTCBB so attractive. It is your best bet to quickly get in on the low side and out on the up side of the OTCBB roller coaster.
No problem Andy ---- excellent point on the "Asian Connection"
also. Although technology has drawn us all closer.....it still is a BIG world out there. Perhaps that recommendation should be tossed to Georgia at some point. It may be a way for her/Co. to "broaden it's wings" also.
EZ
p.s. will erase dupl.
"repost" from HRCT/RB board:
We have received a few Emails regarding the IPO or merger status of StreamingAsia and Sinobull. The official words from Hartcourt is that the company is committed to the monetization of these assets; and will deliver on its promise. However, Hartcourt cannot disclose any details regarding the current status. News releases will be issued as soon as all involved parties agree on the final text.
Georgia
DISCLAIMER: VeritasPR is not a registered investment
advisor or broker, therefore, is not qualified to give
out advice on any investment matter. Veritas PR has
been retained by Hartcourt on a 6-month consulting
contract with a compensation rate of $3,000 per month.
Veritas PR has no other interest in Hartcourt at this
time.
Arch ~~ LOL !! You may be right === ABRG starting to move>>>>>>>>>> again !!
EZ
Oh geEZ....I thought it was an "after-life" sig. crisis !!
:)
Morning Josh !!
Critical game tonight....could set the pace for series.
geEZ... I read where the Sixers could have had home court
by simply beating Bulls in final game........WOW....that one
game COULD haunt them. Let's hope Dikembe/Allen have the series of a lifetime........or at least.........a competitive 7 games!!
EZ:)
Hey, I "resemble" that remark !! Wazzzzuuupppp this
morning ?? Looks like I'm not the only one tardy (TRDY)
this morning !!!
:)
A "late" Good Morning to All !!!!!!!!
EZ:)
Beijing urged to.....................
Wednesday, June 6, 2001
Beijing urged to step up pace for WTO accession this year
WILLIAM KAZER in Shanghai
Top United States trade official Robert Zoellick told China it would need to move quickly to join the World Trade Organisation by the year-end and promised more effort this week to push that agenda.
The US Trade Representative also told his hosts at the Asia-Pacific Economic Co-operation trade ministers' meeting that it would be a "constructive step" if Taiwan President Chen Shui-bian was allowed to attend the Apec summit here in October - a move that Beijing opposes.
"One of my points . . . was that if China was to accede by the end of the year, I think it's important that we try to move forward on these issues expeditiously," Mr Zoellick said on the sidelines of the Apec forum.
Mr Zoellick, the most senior member of the Bush administration to visit Asia so far, met China's Foreign Trade and Economic Co-operation Minister Shi Guangsheng yesterday. The meeting aimed to keep Beijing's WTO bid and Sino-US trade ties on track despite serious strains.
Mr Zoellick declined to speculate on when Beijing might be brought into the WTO to complete a quest that has taken 14 years. "I can't say and I don't know, but there's good faith on both sides to keep moving forward," he said.
Mr Zoellick met his Chinese counterpart in a 45-minute session that covered the sticky issue of agricultural subsidies, insurance, distribution and trading rights. It was one of a series of bilateral meetings ahead of the formal two-day conference which begins today.
State media quoted Mr Shi as describing the work on China's WTO entry as largely complete with the remaining talks focused on legal details on a handful of issues and the memorandum of agreement on accession.
"Fifteen rounds of multilateral talks have been held to draft legal documents for China's WTO accession and we have solved most of the problems, leaving issues such as agriculture, insurance and distribution," the Liberation Daily quoted him as saying.
China completed bilateral negotiations on WTO entry with the US in 1999, but its bid has been bogged down by Beijing's insistence on winning the right to extend large subsidies to farmers. China argues it should be treated as a developing country and allowed to put farm subsidies at 10 per cent of the total value of production.
Washington, under pressure from farmers eager to tap China's huge market when it joins the WTO under open trading rules, has insisted Beijing be treated as a developed country with subsidies capped at 5 per cent.
When asked about the agricultural subsidies, Mr Zoellick said only that a "creative" proposal drafted in March by the US had received a positive response.
Sino-US ties have been soured by a series of diplomatic disputes - the most serious stemming from a collision between a US spy plane and a Chinese fighter in April.
President George W. Bush's decision to sell arms to Taiwan, which China regards as a renegade province, and a meeting at the White House with Tibetan spiritual leader the Dalai Lama have also angered Beijing.
The mainland has also voiced displeasure of Mr Chen's US stopover during a visit to Latin America.
Mr Zoellick also had talks with Taiwan's Economics Minister Lin Hsin-yi yesterday and met counterparts from the Philippines, South Korea and Malaysia.
--------------------------------------------------------------------------------
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Finally, we get some exposure on the site...and...running with
some (green) good performers for the day !!! EZ:)
http://www.investorshub.com/boards/read_msg.asp?message_id=121437
Iman ~ VERY valid.....hope everyone is listening. Time for PR/IR people to do their "thing"......and.....let the HRCT (subsid's) people tend to "business". Every one of us....at least for the next 6 months.....should have "Georgia on my Mind" !!
EZ:)
muel - looks like many in this sector have things to say !!
http://ragingbull.lycos.com/mboard/boards.cgi?board=CNGG&read=634
letter from CHAG / CEO on their RB board also !!!
Hmmmmmmmmm............. EZ
LOL !!! Somehow "Angel's Corner" just does not have the ring!!
EZ:)
OT: Mark -- there is a SRUN board here on iHUB. Perhaps someone there has some insight? I thought that was the same Co. ===== but, thanks for clarifying. Perhaps Georgia can get some answers?!?!?!
EZ
OK ~~~ "uncle" I'll chance it and let "Georgia's performance" be the "final answer" !! :)
EZ
Hey....anyone but me feelin' the
ERTH move under my feet !?!?!?!?
geEZ......gotta find someone here (another ERTH-ling)
to be cra-EZ with !!!!!!!!!!!!!!!!
EZ:))))))))