China Deal: This is an opinion only as E-Smart is very tight lipped about this. E-smart has an operating office in China, they are working directly with the Office of Information in China, I think that there is a very strong possibility that a new China deal will develop. They are just too strong in the Asian countries for this deal to not redevelop. I was told that their relationship with China is still very strong, but that is all that they would say.
Other contracts: I do know that their are other contracts in the works, at least four, and I have heard speculations as to who they are, but I do not like reporting rumors, only facts. I am in the process of trying to get more information and will share as soon as I hear anything.
Lack of explaination: Good point. One, I think there are more people trying to buy than we know, it just is very hard to get shares, I have waited sometimes for three weeks to acquire additional shares. Also, 173 million shares is not that much when you look at the contracts and the potential money from them.
The SEC problem is a dark cloud that shadows the possibilites of the stock, but, worse case scenerio, the stock is unlisted for six months and then brought back to the market.
I think many people that do not know the company look at the 10Q's and two year ago problems and are basing their ideas on where this company is going off of that, causing lack of interest.
Lack of money is a huge problem. Either they secure the funding for manufacturing or there is no company, period. Can they do it, I believe that they most certainly can, just off of contracts that are signed and the three very strong partnerships that they have formed with Samsung, Daewoo and Kobile.
I was as suprised as many were that the stock did not propel above two dollars a share when the Korea student deal was announced. Main reason, how the hell are they going to pull that off? How to fund it? Who is paying? No details were giving in the press release.
Okay, here are my predictions for the next four months ending December 31, 2004. These are only opinions and I am trying to get information that would verify my ideas:
E-Smart will announce substantial funding package backed by currently signed contracts.
E-Smart will announce the manufacturers for the smart card
E-Smart will announce three new contracts
E-Smart shares will be hanging between $10 - $15 a share, hopeful thinking, lol.
"No matter how many times you save the world, it always manages to get back in jeopardy again! I feel like the maid; "I just cleaned up this place! Can't you keep it clean for ten minutes!"
AI
