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MONA Update

Posted on | September 8, 2008 | No Comments

My new big pick is MONA.

Quote: PP365.com.  This is a media site, and they plan to continue to build on its industry leading peer to peer technology.

The vision is to deliver full-screen streaming video as part of a low-cost subscription service, including movies and Internet based gaming.

MONA has recently announced key developments in this area, such as the development of the ‘God of Honour’ game based on the historic and widely acclaimed novel of the same name, and ‘Zhulu Sanguo’, an interactive internet based war game.

MONA last week announced the completion of an online multiplayer combat game.

MONA CEO Yong Chen advised, “We see a lot more upside growth potential in the booming Chinese online space than our financial service products in North America.

The sub-prime market has taken a real beating, and our judgment is that we anticipate continued consolidation and restructuring of existing debt for the foreseeable future. Realistically, we are not a large enough company to take advantage of the current market. Our opportunities lie within the Chinese market.

I believe the direction that MONA is taking with their business is going to drive the stock to a new level.  Caution is always advised with low priced picks.  Always do your own research.

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