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cmaman2029

05/22/07 8:30 AM

#9190 RE: trader guy #9188

itsonlymuni - I might be reaching here but maybe those consultants and employees, if they are mainland China citizens, HAD to sell their shares. The PRC may disallow holding US stock as some kind of currency control which is tightly regulated by them. I've been looking to verify that. Maybe its just easier to sell than deal with the red tape of owning US stock. COOP - You work in Financial Services, what's your take on that theory?

Either way, if I'm compensated in stock by the best or the hottest of companies I'm selling large blocks. Most people need liquid cash. Most people should diversify.

Nobody has a crystal ball, but this company checks out okay. Would I fall over in shock if this company were a dud, no, but I think its worth the risk here.

Heptikus - I'm betting we aren't seeing a PR as Mr. Mak is weary of SEC scrutiny. If I were him, after making multiple amendments, I wouldn't release any PRs either until I get some tangible verifiable news. Some of the earlier PRs were ill conceived. For now he's speaking to us in the filings. Its a difficult environment in this post SOX era. Accountants, CEOs, and CFOs are incredibly cautious.

Ultra - Are you in?

CMAMAN2029

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heptikus

05/22/07 10:11 AM

#9191 RE: trader guy #9188

Anyone with 5+% ownership is listed in the 10-KSB. Not sure what you're looking for...

What is it exactly that you're questioning? Do you not believe the WWTBAM news? Do you think that AAGH will just run the pps into the ground despite WWTBAM? Not sure where you're questioning them? Check out the PR section of www.2waytraffic.com. Are they also lying to the world?

Here's a question for the board...

Since Mak's convertible A shares were not issued, should the company place them under stockholder equity, or in the company treasury? Should they be listed as o/s? I'm not sure and I don't have the time today to research it? Anybody know? Thanks!
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war_eagle

05/22/07 11:25 AM

#9192 RE: trader guy #9188

itsonlymuni, of the 35M shares issued in 2006, only 750,000 went to an employee (a supervisor). All the rest were consultants. I'm no expert but I heard that consultants always sell immediantly because they have their own businesses or law practices with bookkeeping to do and they need to show cash, not stock.

You keep throwing out this ".41" like it was trading at that and then dropped. I hope people look at the chart for themselves and see that was just an "intraday high". The highest close I see was around .34 and it came about the time Q2/2006 numbers came out. It was quite volatile for the next couple weeks and settled around .20. The s-8 came out after that. You try to make it sound like the shares made it drop from .41 but you're twisting the facts.

I've seen a few scam companies and they usually issue several pr's promising huge revenues or some great product they're working on that nobody can verify. WWTBAM is a product that can be verified from past performance around the world but the company doesn't pump the idea at all. Also, the company has not issued any projected revenues. That was me but they were based on numbers found in various articles. Anyway, if this was a scam, don't you think the company would speculate in a couple pr's so they could pump up the volume?