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Tsengsu International
This is my second Chinese Internet selection.The company has chosen as its
niche the school system of mainland China and does so with government
support for K through 12.They also made strategic financiial alliances with
a Hong Kong based multi billion corp. that will provide them with up to
$30,000,000 in financinng using convertible debentures so the company has
every incentive to keep its price up.The funding is well documented and not
usually provided without reason.
More important it is essentially the sole licensee of Microsoft educational
software in China from what I can gather.
Lots more info but not enough time to post.
Rev. to 6/99 were $2,300,000 with a loss of $1,700,000 or $.09 per share.
SO = 19,700,000
Float = 8,500,000
Price is around $2.38 with a high of $4.25 and low of $.30.I plan to enter
today and hold.Do your own due diligence.
Follow-up-
IMOT-in holding pattern due to some late SEC filings.
TLTG-major agreements made not reflected in market.
USON-fundamentallly sound and still up.
MAWI-stabilizing in the teens.
A-still on trail to 100.
Penny stocks-
MNIAE-exited due to merger not going through and failure to file.
DRYD-merger with Vista an internet company in final stage.
EGNS-holding on fundamwentals.
To be evaluated-USDI and VLSY,one around $3 and the other around $0.40
Sincerely,
John
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