I much enjoyed reading your post PoetPower.  

Thirty five years ago in the early hours of the morning, after a night out being entertained in Hong Kong, I sat with an American business man of some great age in the hotel coffee lounge, it was too late to go to bed as my flight to Kathmandu was the first out of KaiTak that morning. I so enjoyed the old mans company and wisdom and impressed by his business acumen. He had recently flown in to HK from an exploratory business trip into China, it was in that time before their massive explosion of progress.  He explained to me about the business opportunity that investing in China represented by saying; if one in a hundred Chinese families bought a refrigerator in the next five years that would be vastly more than had been sold in Europe since the end of WW2 forty to date (40 years).

The Asian market is huge and not well understood in the West.  Singapore however is and has always been closely connected to China, as can be seen from their statues of Chinese leaders since Mao lined along the waterway outside their parliament building  In retrospect I can, as you have already explained, begin to see the strategic logic that PTI is following.  The strong Asian influence in POET’s management has added a unique dimension to POET’s Progress that is setting PTI aside from other companies in building access to Asian markets not easily obtainable to other firms in the West yet still leaving all the doors open to the Western Markets - a truly Global dimension which I find a very exciting prospect and a very clever move by SV to position this company in the literally the very best of market positions.

Whilst the need for instant gratification of some here may not be satisfied for me it’s “slowly, slowly catchee Tigerl”.  Gunga Din would be very pleased with today’s announcement and so am I as a China observer ever since 69 watching the paddi fields of what is now Shenzhen from border trenches during the cultural revolution.

sula