3SOF

the biggest worry here in my opinion is the 730M share float.

730M * .12 = ~$88M market cap for a company with less then $10M in projected revenues for the year.

Not a high capitalization at all if they hit their revenue targets, but if you think this stock is going to explode to the $10 range EVER, think again. Reasonably optimistic sell target is ~$0.50 or so in due time.

They also have a large number of preferred shares (4.5M) that convert into common at 1 to 100 (!), so you're looking at a potential billion+ share float. If this can get into the .16's, I will sell and buy back. Great PR machine, hot industry, and pending exchange promotion will keep this in play.

did you see the list of sponsors? What in the world is little old HISC doing amongst these bad boys?

# Corporate Sponsors:
# BearingPoint
# CACI
# Credit Suisse/First Boston
# Hewlett-Packard
# Homeland Integrated Security Systems, Inc.
# Honeywell
# IBM
# Lockheed Martin
# McKenna Long & Aldridge LLP
# Unisys Corporation


Either we're in early stage on what will be a gigantic opportunity, or this is one hell of a ruse. I'm betting my money on the former explanation.

eliteG, agreed on SFE. I'm in as well. Nice analysis.

I think biodiesel momentum is coming up hot, and these guys are
highly involved. The August 8th issue of Newsweek profiles biofuels,
with a title "The Next Petroleum".

I'm in like Flynn at .42 (ran to .51 on Friday). I think it has legs for this week.


Enjoy:
http://msnbc.msn.com/id/8769619/site/newsweek/


In 2005:
Began building a major biodiesel plant last month
Signed $3M financing (not sure if terms are favorable, I'm not an
expert in such matters)



From 2004:

Apollo Resources International, Inc., formerly Powerball
International, Inc., has expanded its business focus to include the
production of oil and natural gas, intrastate pipeline systems for
the transportation of oil and natural gas and the creation of its
alternative fuels segment, which represents the maturation of the
company's initial business venture, the development of hydrogen
production. Apollo began its expanded business focus in oil and
natural gas production through the acquisition of BC&D Oil & Gas
Corp. BC&D is a small exploration and production company with 151
wells located in the Four Corners area of New Mexico. Engineering
reports confirm the company has over 1.5 million barrels of oil in
recoverable reserves associated with the BC&D fields. The company is
focused on optimizing the oil production, as well as on development
of approximately 10 billion cubic feet of natural gas reserves. In
2005, Apollo embarked on its initial entrance into international oil
and natural gas production with the acquisition of JSC
Kaliningradneft (Kaliningrad), a Russian oil production company.
Kaliningrad produces approximately 21,000 barrels of oil per month
from eight wells. Kaliningrad is one of three oil exploration and
production companies operating in the far-western Russian province
of Kaliningrad. Oil reserves for Kaliningrad have been certified by
the government at 4.32 million barrels. The company has a 50%
interest in a joint venture, Decarb Energy Technologies, LLC. Decarb
is developing a low-cost, high efficiency propane fuel substitute
that involves hydrogen-fuel technologies. In addition, in 2005 the
company acquired an interest in Earth Biofuels, Inc., a producer,
blender and distributor of biodiesel fuels. Biodiesel is derived
from vegetable oils. It is readily mixed with fossil-fuel-based
diesel. According to Apollo, vehicles that use biodiesel produce
less air pollution with no major mechanical alterations to the
engines running on the biodiesel fuel. In February 2005, the company
acquired a 100% member interest in OGC Pipeline, LLC, an Oklahoma
limited liability company. With this acquisition, Apollo acquired
approximately 1,800 miles of pipeline segments in Oklahoma. These
lines can service the Woodford Shale and Coal-Seam Gas play in south-
central Oklahoma and Osage County, OK, in the northeast, among other
areas. The company plans to utilize the pipeline assets to gather
natural gas, develop gas production in adjoining areas along the
pipelines and to develop other opportunities.

Hey guys,

I appreciate the applauds. I bought at .35, when I posted, it was at .39, it peaked at .76 yesterday, and I sold half my shares at .70. I'm hanging in there for a while to see how this trades before I decide an exit point. Basically anytime BAIDU gets press (and oh it will...), TCOM may be a sympathy play. Could be a dream traders stock???

Likewise, they actually have a business asides from their partnership with BIDU and it seems quite healthy!

i hate to admit this but i honestly have no idea what the fair valuation of this company is given the china hype and momentum. .60 seems like a very reasonable first target.

this ran to .45 from .39 when I posted. hope some of you got a piece! This has gap-up writen all over it to accompany the baidu IPO and I will take a chance by holding through the morning.

and some pretty in-depth DD:

http://www.stockhouse.com/shfn/editorial.asp?edtid=17408

latest 10Q:

http://biz.yahoo.com/e/050505/tcom.ob10qsb.html

Commenting on the partnership, Mr. Ray Chen, COO of TCOM said: "We are extremely excited about having partnered with Baidu, the pioneer and market leader for providing Chinese search engine services in China. Baidu has established itself as one of the most popular Internet brands in China. The Chinese Keyword service is one of the most widely used services on the Internet in China, serving over 60 million keyword resolutions everyday and reaching over 90% of 80 million Chinese Internet users. As a result, in addition to enjoying direct navigation and keyword search in the browser address line, Internet users in China can access the Chinese Keyword service from China's leading portals and ISPs. I believe, by leveraging Baidu's leading status in China's Internet industry and wireless content that IC Star MMS provides, we are confident this partnership will be a very profitable one for our bottom line."

The partnership is causing momo due to the IPO tomorrow-- great run today but I don't think we're done yet. Look for activity tomorrow, plus the company is actually profitable and projecting decent revenues.

70M outstanding shares, 60M float.

good luck.


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