Since I don't have a business background, and a degree
in anthropology, the reasons are based more on intuition
and generalities rather than rational thought.
I bought because:
1) Kunming City has 6 1/2 million and growing. There
should be plenty of business to go around in this
sector, in this place and time, as long as the people
running the business are competent.
2) Wang is at a good age (55) for a CEO. Balance
between experience but still has passion, desire
and energy to get the job done. I'm 70. But I
wouldn't invest in a company with a CEO my age. No
burning passion and the ideas that got him there
are probably now outdated.
3) I like the stage level FCPG is at. Not really
a start-up but should be prepared for long term
growth.
4) Internet sells license---a spring board not only
for growth, but quick growth.
I guess these are the main reasons I bought in, though
there're others. I got very lucky this week. Early
I bought FBN at $1.15. It closed friday at $1.58.
A rare happening for me.
Many troubled things have been in my life, a few
actually happened.