Ecargo Not What It Seems, page-15

Hi Njay,

What market does Kathmandu enter into?

You just named the competitors. Now there will be more!

Do they sell tents, sleeping bags or other outdoor equipment?

Are Chinese consumers going to want this?

Short answer is no. There goes 50% of their business.

It then comes down to apparel. Which is manufactured in China.

I just do not see it. Name the athletes and names associated with the purely Australian brands, you may be able to but the Chinese will not.

What about the other global brands? Nike etc?

And once again do you know if Kathmandu have signed with Ecargo for their IT? Without a CIO you have no idea, if anyone has. You may be happy with this, but I would not invest in this.

Its easy to run the figures and names involved in this IPO and get a buy. But underneath all that it has no substance.

Has Ecargo or anyone issued anything about the new Chinese situation? No