Really. So you are saying that one cannot learn from their mistakes? You are saying that MONA is hindered by past actions and they cannot do different things in the future for a betterment to shareholders and their company? I have to strongly disagree. I believe past experiences of MONA has laid a good groundwork, foundation, path, etc to better fulfill current and future endeavors. Yes past experiences with MONA have to be taken into account in general, but one cannot rule out all the positive corporate decision makings happening now for current and future results.
MONA CEO Yong Chen advised; "We have undergone a 'big picture' analysis of our corporate strengths and weaknesses. The outcome is a clear change in direction in what we consider to be our core business. In essence, see ourselves as a hybrid type of incubator for Chinese private companies seeking to go public. However, unlike a typical incubator, we only intend to work with companies that already have proven success, demonstrable growth capabilities and are well past the development stage. Returning visitors should refresh their web browsers to see the new information, on our corporate web site.
Frankly, this year was a bit of a learning curve that ultimately led us to this point. There were certainly a few missteps, but overall, we are very excited about the near future.
The most recent two projects we have announced, Chinese Marketing Company (Sino-Medica) and Hubei Chuguan Industry Co. Ltd. are successful, well-established companies in their respective markets. We are talking multi-million dollar asset bases, top line revenues in the millions and very serious growth opportunities.
We will be adding more information regarding specific projects in the coming weeks. In the mean time we felt it was a strong priority to provide more information regarding the Company's new direction.
