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Re: Potse post# 36

Saturday, 08/15/2009 2:22:45 AM

Saturday, August 15, 2009 2:22:45 AM

Post# of 4683
Aloha Potse - I completely agree with your summation, and especially your comment about Chinese companies inquiring about reverse mergers in the US. As I'm sure you know, SUIP management is Chinese and I have personally spoken with Tim Sun on several occasions in the past. He is adamant that he won't put a failing business into SUIP. He expects to find a business that will have substantial cash flow and become very profitable. He evaluated the mining interests in Mongolia and determined that the Khul Morit property would be too expensive to set up mining operations especially with the shaky government policies being implemented there that were anti foreign investment.

I'm sure that he is working on a plan that will either result in selling the shell, or bringing onboard a successful business - possibly his own Electrical business to make SUIP a profitable going concern. Of note - they are keeping up with filing their financial statements on time so the shell is clean.

Makamai
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