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Tex

03/10/08 11:15 AM

#251 RE: oil export #250

re book value

Considering that cash is valued at the official rates, and the Renminbi appears to be considered 30% undervalued at official rates, the upside looks better than that, even. The question is, what will ETLT have to do to make it clear to investors the true state of its business? Until the news is out, the discount to book is a fact of life. When will ETLT be in a position to fix this?

I think ETLT needs the advice of someone like CDS, which has experience helping Chinese companies make their case to US investors. Current PR folks seem utterly worthless.

Take care,
--Tex.