whats up, page-2

looking at the assets of this company one has to why would you sell them to etc for such low prices if etc is going to make $48m after tax by jun09

sapio AB was purchased for $600,000 (6m shares at 1c) and since its purchase for that bargain price they managed to set up a malaysian division and almost straight away got an 18m contract developing a mobile social network application. Who this application is for hasnt been disclosed. sapio AB hasnt gotten anymore work (none disclosed on website) since jun07 so one can assume most of the jun08 profits will come from this one off large $18m contract . sapio AB hasnt got much recurring revenue thats why it was bought for such a low price.

nexbis - once they find another $20m they would have paid a total of $60m. the seller has so far gotten most of this in cash so one has to ask why sell an asset if its going to generate so much annual recurring revenue and profits for etc .

$60,600,000 will be paid for assets which have a fair value of around 12.3m , intangibles of around 48.3m but the market values etc around $200m, amazing.