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Monday, 04/23/2007 9:28:02 PM

Monday, April 23, 2007 9:28:02 PM

Post# of 4466
Softbank Venture 11,928,935
UTStarcom, Inc. 11,928,935
PZW Family LLC 18,556,209
Peter Wang 2,319,517
Kin Shing Lee 2,982,216
Hangzhou Joray 1,325,469
Electronics 3,976,336
Pacific Century 15,481,112
Guoying Wei 119,306
Charles Xue 543,464
Guifeng Zheng 576,513
Daofeng Shi 1,557,385
Ailian Wu 662,699

TOTAL = 72,000,000 Shares out of 80,000,000
http://sec.gov/Archives/edgar/data/1190132/000117266504000186/sched14f51804.txt
When company created in 2004....

Peter Wang 2,347,516
PZW Family LLP 18,556,209
MAC Wireless 3,976,336
Hangzhou Ltd 1,325,469
Pacific 15,836,112
Daofeng Shi 1,557,385
Sinoquest Ltd. 3,000,000
Ailian Wu 662,669
http://www.sec.gov/Archives/edgar/data/1190132/000114420406045283/v056476.htm

This filing in Nov 2006...Shows most of the original holders never sold a single share. It also shows Sinoquest Ltd owns 3,000,000 shares. Which wasnt one part of the original holders.

Assuming that all the original holders still own 72,000,000 + 3,000,000 = 75,000,000

85.5 - 75.0 = 10.5 Million share available to the public

These guys didn't even think about selling a single share when the stock was much higher.

So if there is 10.5 share owned by joe Q public... This stock will fly when the Q1 financials come out.

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