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Minou

08/09/05 6:23 PM

#29 RE: happycampers #28

Happycampers, this is a great article on what is to be expected from TCOM.

With a market cap of $4B (32.3M shares)for Baidu and expected revenues of $30M for 2005, we have a pps around $125.

If I transpose it all for TCOM, we are talking about a marketcap under $4M (70.2M + 30M restricted shares) for revenues around $15M this year, the potential is there for a big pps increase when people realizes it.

All this information has to come out, hopefully the board meeting will highlight it all for the investment community later this month.