I am very happy with my 1 short. Ma is counting on the mass sheep mentality. Good luck to you. Try to learn the business tactics of other cultures. Stick with American or European stocks. Here, yes means yes, maybe means maybe, no means no. And there is an honest attempt at transparency. If you rely on a gentleman's handshake agreement with some cultures, you will end in the poor house. Take care.
Alibaba's numbers is typical from that area of the world. It is referred to in some circles as hyper-exaggeration. Revenues are phantom numbers. Wait until an audit is conducted. Exaggeration by a factor of 3 or 4. That is a reason it will not hit the U.S. stock exchanges.
Believe Ma will play a game. He will not want others to have the kind of control YHOO would have given the present layout. Suspect YHOO mgmt. thinks 1-2 steps ahead while Ma thinks 4-5 steps ahead. Price of YHOO will be engineered down to Ma's advantage. But then... I have been wrong before. Good luck.
Alibaba will not be listed anywhere. But... good luck to you. Try to remember this dialogue when they are allowed the face saving announcement that they have found it fare more advantageous not to list (after being turned down by us, that is). Bye bye.
So Hong Kong refuses to go along with their shenanigans, minority ownership with full board control, but we are to let it occur? Why...? Foreign underestimation of the American mind, again! When are we going to learn? Smoke and mirrors to fatten their pockets. Have your fun.
Hong Kong would not tolerate the plan for control of the board with a small minority ownership but we will approve it? Is that it?
Ma is now going to have his IPO listed with one of our stock exchanges. Hong Kong would not tolerate his plan to have control of the board with a small minority ownership of the proposed outstanding stock. So we will be happy to oblige his management/ownership plan. Good luck.
Ma cannot get Hong Kong to approve the plan in which he and his cohorts have complete control of the board with only 13% of the stock. They told him to go take a hike. And he thinks our exchanges with tolerate such shenanigans? All smoke and mirrors for self-aggrandizement.
Nor any other exchange. Hong Kong will not tolerate Ma's plan to control the board with his cohorts owning only 13% of the stock. And they think the USA will approve such shenanigans?