Great Tang Bid Technology Inc (fka GTBT)

[UHCougar]

Just read thru the report. I can't disagree too much with their valuation of $0.14. However, the valuation is based on organic growth over 10 years and does not consider any acquisitions. Acquisitions are practically impossible to predict over 10 years but management has expressed in their company report that they do intend to grow both organically and inorganically.

Also, their last report on ESPI back in June 2011 had much higher growth rates in years 2013- 2016. It doesn't make much sense they would reduce these rates in the report issued today considering they acknowledged all the additional contracts since November. In other words, they did not anticipate all these additional revenues, but yet they are cutting their revenue growth expectations in years 2013- 2016. Doesn't make much sense to me.