I think you nailed it.
If there can be the combination of Minaco, EFGO and the China company then this stock gets really interesting as there will be some Big money with all the assets combined that could totally take this to another level share price wise.
I agree that a combination makes sense.
1. Minaco-Tradex - with Esprit's help - is sounding more and more like a boutique investment bank instead of purely a merchant bank.
Town Hall: "Esprit’s diversification into other financial services has attracted our attention. We have been in discussions with Esprit regarding growth opportunities in China. In addition, and of greater interest to our core business, are the opportunities within Esprit’s IFGX business portal, and the need for merchant banking services to assist a number of private companies identified by Esprit seeking to go public in North America or Europe.
2. Garr & Co. have undoubtedly opened Minaco's eyes as to the enormous possibilities and huge demand for Chinese companies to go public.
Forbes, 2006: "... total market cap of all Chinese stocks (including those traded in Hong Kong) today is only 35% of GDP, far from the international average of 85%."
The Economist, Sep 2007: "... only a small proportion of Chinese companies are listed on the stock exchange and those that are rely mainly on internal finance. Only 10% of total financing for investment this year has come from equities."
3. Chinese company sees this as perfect timing with the right foreign partners.
(Last Sat.) 2007-09-29: China Investment Corporation (CIC), the country's $200 billion sovereign wealth fund, formally started operation today as policymakers seek to diversify its $1.41 trillion worth foreign exchange reserves. It said it will focus its overseas investments mainly on portfolio of financial products.
Aug 15, 2007: No more limitations on retaining profits.
BEIJING - China on Monday scrapped rules requiring companies to convert part of their current-account foreign exchange holdings into yuan.
Previously companies were allowed to retain foreign exchanges that were equivalent to 80% of their revenues in the previous year, plus 50% of their expenditures. The rest had to be sold to the state under the mandatory foreign exchange settlement regime.
The new rules, effective immediately, will help companies use and manage their foreign exchanges better ... The move will ease pressure on the country's foreign exchange reserves, which continue to pile up ... The new rules may make it easier for some companies to invest overseas.
This could get interesting (understatement).
All IMO / GLTA
AI
