currently there is 2,111,111,111 shares on issue for FCP
the big boys hold 1,758,555,556 shares which amount to 83.3%
the general public has available to them only 352,555,555 shares. That's why they can afford to treat the general shareholders like mug.
The big boys pay $0.022 per shares late last year. Hence IMHO any offer below $0.025 per share today is a bargain. FCP also own 28% of Oncard which turn a profit in the last half yearly report and look to be increasing in the next couple of years. Pity their share prince hasn’t done too well.
Overall, with the upcoming Olympic & deteriorating financial condition in western economies as well as expected internet boom in china. FCP look set to rise if they can grab market share now and hold onto it. If you’d wish you had invested in paypal when they first started, this is a similar opportunity in a chinese context.
China internet economies is not about to stop, it had only begin and got plenty of growth left. Whereas western internet economy has already reached puberty and is unlikely to expand.
What’s your take on the situation?
FCP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
