Mark Wallace's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/925032/comments http://seekingalpha.com/article/1235961/comments?source=feed#comment-15858541 15858541
I have to say that I had a modicum of respect for your opinion until this last set of comments.

First, Mogi and Nick are both in Mongolia. Nick may come and go a bit, but Mogi IS a Mongolian, and IS on the ground. He is also probably one of the most reliable of the financial journalists in the country. But I don't need to defend Mogi, he can do that quite well on his own.

I'm not trying to bash you, but when you say, "We have to rely on professional journalists of the financial press" I have to laugh. I spent time on the ground in UB, and my partners (who spent a lot of time there) and I met the so-called professional journalists you speak of... the bureau chief for one in particular... Not impressed.

Here's a few questions for you Bob. Have you been to Mongolia? How much time have you spent in the country speaking to execs of mining companies? Do you have any personal, credible sources on the ground? Do you have any money invested in the country?

Seriously, if you're going to give advice in a forum like this to investors, some of whom may actually take your comments seriously, I'd do a bit more than clipping news articles and telling them to read Reuters and Bloomberg! That's irresponsible, and akin to telling people to get their world news from CNBC and CNN. But maybe you think those are also 'credible' sources..?

Mark]]> Tue, 05 Mar 2013 10:31:02 -0500
I have to say that I had a modicum of respect for your opinion until this last set of comments.

First, Mogi and Nick are both in Mongolia. Nick may come and go a bit, but Mogi IS a Mongolian, and IS on the ground. He is also probably one of the most reliable of the financial journalists in the country. But I don't need to defend Mogi, he can do that quite well on his own.

I'm not trying to bash you, but when you say, "We have to rely on professional journalists of the financial press" I have to laugh. I spent time on the ground in UB, and my partners (who spent a lot of time there) and I met the so-called professional journalists you speak of... the bureau chief for one in particular... Not impressed.

Here's a few questions for you Bob. Have you been to Mongolia? How much time have you spent in the country speaking to execs of mining companies? Do you have any personal, credible sources on the ground? Do you have any money invested in the country?

Seriously, if you're going to give advice in a forum like this to investors, some of whom may actually take your comments seriously, I'd do a bit more than clipping news articles and telling them to read Reuters and Bloomberg! That's irresponsible, and akin to telling people to get their world news from CNBC and CNN. But maybe you think those are also 'credible' sources..?

Mark]]> http://seekingalpha.com/article/1235961/comments?source=feed#comment-15831901 15831901
The confusion stems from getting information from people that are not on the ground. No intelligent investor or speculator should do that.

Mogi and Nick, plus John Springer are about the only 3 I would pay attention to. Mogi and Nick are both in UB.

Mark]]> Mon, 04 Mar 2013 20:08:42 -0500
The confusion stems from getting information from people that are not on the ground. No intelligent investor or speculator should do that.

Mogi and Nick, plus John Springer are about the only 3 I would pay attention to. Mogi and Nick are both in UB.

Mark]]> http://seekingalpha.com/article/1235961/comments?source=feed#comment-15759281 15759281
This is a populist hiccup. ALL of our sources within Mongolia are bullish. This is classic blood in the streets stuff. As a speculator it is what we live for.

If you are a conservative investor, wait for confirmation, there will be plenty of time to make money in Mongolia!

Mark]]> Sun, 03 Mar 2013 09:20:44 -0500
This is a populist hiccup. ALL of our sources within Mongolia are bullish. This is classic blood in the streets stuff. As a speculator it is what we live for.

If you are a conservative investor, wait for confirmation, there will be plenty of time to make money in Mongolia!

Mark]]> http://seekingalpha.com/article/1232531/comments?source=feed#comment-15692301 15692301
I agree with your comments up until the statement that Argentina, "will be able to restart a capitalist economy." Argentina is a fascist state. the closest thing to capitalism is its underground economy. Until they kick out the Kirchenerites I am afraid the place will remain a disaster, default or not.

Excellent article overall.]]> Fri, 01 Mar 2013 11:52:36 -0500
I agree with your comments up until the statement that Argentina, "will be able to restart a capitalist economy." Argentina is a fascist state. the closest thing to capitalism is its underground economy. Until they kick out the Kirchenerites I am afraid the place will remain a disaster, default or not.

Excellent article overall.]]> http://seekingalpha.com/article/1235961/comments?source=feed#comment-15690981 15690981
Your comments on Mongolia are inaccurate. China is as far from calling the shots in Mongolia as you are.

Also agree with Marpy, this is old news and the situation is fluid.

Long TRQ and long EGI.

Mark]]> Fri, 01 Mar 2013 11:31:29 -0500
Your comments on Mongolia are inaccurate. China is as far from calling the shots in Mongolia as you are.

Also agree with Marpy, this is old news and the situation is fluid.

Long TRQ and long EGI.

Mark]]> http://seekingalpha.com/instablog/925032-mark-wallace/545401-gold-stocks-are-you-kidding-me?source=feed#comment-9022691 9022691
Not sure I follow you on that.. I'm not a financial planner, but I'm pretty sure a retired guy shouldn't be speculating in junior resource stocks...

Good luck.]]> Sun, 02 Sep 2012 06:39:39 -0400
Not sure I follow you on that.. I'm not a financial planner, but I'm pretty sure a retired guy shouldn't be speculating in junior resource stocks...

Good luck.]]> http://seekingalpha.com/article/644281/comments?source=feed#comment-6228381 6228381
I've written on the education thing quite a bit. Check out our site for some of our thoughts on "higher education."

I sent my nephew to Mongolia to run a startup for us. He's getting an education he couldn't dream of in university.

Mark]]> Fri, 08 Jun 2012 08:34:07 -0400
I've written on the education thing quite a bit. Check out our site for some of our thoughts on "higher education."

I sent my nephew to Mongolia to run a startup for us. He's getting an education he couldn't dream of in university.

Mark]]> http://seekingalpha.com/article/644281/comments?source=feed#comment-6228271 6228271
I agree... The only reason for the accredited/non-accredited designation is to eliminate the competition. It's just another way for the powers that be to "rig the game" in their favor.

Crowdfunding gives the little guy a chance.

Mark]]> Fri, 08 Jun 2012 08:32:10 -0400
I agree... The only reason for the accredited/non-accredited designation is to eliminate the competition. It's just another way for the powers that be to "rig the game" in their favor.

Crowdfunding gives the little guy a chance.

Mark]]> http://seekingalpha.com/article/644281/comments?source=feed#comment-6204371 6204371
Curious to hear your thoughts on why it's a bad idea? I don't see this one dying, as it's already moved through.

I don't want to comment further until I see your direction on this.

Thanks,

Mark]]> Thu, 07 Jun 2012 13:02:29 -0400
Curious to hear your thoughts on why it's a bad idea? I don't see this one dying, as it's already moved through.

I don't want to comment further until I see your direction on this.

Thanks,

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-5522431 5522431
Thanks for offering that up. I messaged you privately with my email address.

I just posted another crowdfunding article, an interview with Motaavi CEO Nick Bhargava. It appears that Nick's business model is similar to that of a BD.

My comments weren't so much an interpretation (I wasn't intending that) as an observation that I was looking for more information on. You've helped out in that regard, as has Nick through his interview.

Cheers,

Mark]]> Thu, 17 May 2012 03:44:32 -0400
Thanks for offering that up. I messaged you privately with my email address.

I just posted another crowdfunding article, an interview with Motaavi CEO Nick Bhargava. It appears that Nick's business model is similar to that of a BD.

My comments weren't so much an interpretation (I wasn't intending that) as an observation that I was looking for more information on. You've helped out in that regard, as has Nick through his interview.

Cheers,

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-5071691 5071691
I believe I'm actually saying the opposite (but I want to qualify that by mentioning that I don't yet know the answer).

Sites can mention investments publicly, but MY current understanding of the law, which may or may not be accurate, is that they cannot accept compensation, whether from companies or promoters.

Hence my question... How will these sites make money?

I'm actually interviewing the CEO of one of the top up-and-coming crowdfunding sites next week, so stay tuned. We should get some much-needed answers to these questions!

Thanks again for commenting.

Mark]]> Thu, 03 May 2012 15:27:12 -0400
I believe I'm actually saying the opposite (but I want to qualify that by mentioning that I don't yet know the answer).

Sites can mention investments publicly, but MY current understanding of the law, which may or may not be accurate, is that they cannot accept compensation, whether from companies or promoters.

Hence my question... How will these sites make money?

I'm actually interviewing the CEO of one of the top up-and-coming crowdfunding sites next week, so stay tuned. We should get some much-needed answers to these questions!

Thanks again for commenting.

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-4882491 4882491 Sat, 28 Apr 2012 08:41:28 -0400 http://seekingalpha.com/article/531391/comments?source=feed#comment-4882451 4882451
The law as written excludes foreign issuers. I think what you're getting at though is seeing if they've figured out a way to monetize that would not run afoul of the law in the States..?

Mark]]> Sat, 28 Apr 2012 08:40:13 -0400
The law as written excludes foreign issuers. I think what you're getting at though is seeing if they've figured out a way to monetize that would not run afoul of the law in the States..?

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-4882391 4882391
Second Market is an excellent venue, but it's really geared more towards trading in private stock that is already issued, and/or restricted securities in public companies.

Mark]]> Sat, 28 Apr 2012 08:37:57 -0400
Second Market is an excellent venue, but it's really geared more towards trading in private stock that is already issued, and/or restricted securities in public companies.

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-4882081 4882081
Thanks for the feedback. I agree with your statement in the second paragraph of your reply regarding "scattershot shareholders."

I've been involved with pub co's for a long time, and it's always the guy with 10 shares that's blowing up your phone every day. 1,000 of those guys would be a nightmare!

I've posted another article over on my instablog, an interview with Jeff Bone, He discusses VC's, versus angels, versus crowdfunding. You might enjoy that one as well, as he has some interesting perspectives.

Mark]]> Sat, 28 Apr 2012 08:21:14 -0400
Thanks for the feedback. I agree with your statement in the second paragraph of your reply regarding "scattershot shareholders."

I've been involved with pub co's for a long time, and it's always the guy with 10 shares that's blowing up your phone every day. 1,000 of those guys would be a nightmare!

I've posted another article over on my instablog, an interview with Jeff Bone, He discusses VC's, versus angels, versus crowdfunding. You might enjoy that one as well, as he has some interesting perspectives.

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-4835801 4835801
It seems fairly clear from reviewing the law that the platform is a "promoter."

Again, like I said to Samuel, the SEC will clarify this, but right now, in my review of the law as it stands, it looks like the platforms won't be able to be compensated for the raise. Hence my comments on looking for other ways to 'add value.'

Thoughts?

Mark]]> Thu, 26 Apr 2012 19:03:31 -0400
It seems fairly clear from reviewing the law that the platform is a "promoter."

Again, like I said to Samuel, the SEC will clarify this, but right now, in my review of the law as it stands, it looks like the platforms won't be able to be compensated for the raise. Hence my comments on looking for other ways to 'add value.'

Thoughts?

Mark]]> http://seekingalpha.com/article/531391/comments?source=feed#comment-4835771 4835771
It's not clear how the SEC will interpret that yet, as far as I know. If you have more information on this, do share.

Mark]]> Thu, 26 Apr 2012 19:01:33 -0400
It's not clear how the SEC will interpret that yet, as far as I know. If you have more information on this, do share.

Mark]]> http://seekingalpha.com/instablog/496255-free-cash-flow-50/375341-phnom-penh-water-supply-authority-the-second-coming-of-manila-water?source=feed#comment-3456471 3456471
Thanks for the article link back to Capitalistexploits.at!

This was a very well-thought out piece, and when we are in Cambodia in a couple months we will be certain to check this out with boots on the ground!

Cheers,

Mark]]> Tue, 13 Mar 2012 23:36:03 -0400
Thanks for the article link back to Capitalistexploits.at!

This was a very well-thought out piece, and when we are in Cambodia in a couple months we will be certain to check this out with boots on the ground!

Cheers,

Mark]]> http://seekingalpha.com/instablog/899162-jon-springer/257834-real-estate-mongolia-20-pre-ipo-questions-with-christopher-de-gruben?source=feed#comment-2434201 2434201 Mon, 06 Feb 2012 23:48:51 -0500 http://seekingalpha.com/instablog/134986-john-polomny/264582-myanmar-the-next-asian-tiger?source=feed#comment-2327451 2327451
Meanwhile we'll be monitoring the situation closely, it's fascinating how quickly things are changing there!

Mark]]> Thu, 02 Feb 2012 10:26:39 -0500
Meanwhile we'll be monitoring the situation closely, it's fascinating how quickly things are changing there!

Mark]]> http://seekingalpha.com/instablog/341510-mad-hedge-fund-trader/255785-beware-the-coming-equity-famine?source=feed#comment-2265972 2265972
Who can blame them? 6,000 years of maintaining purchasing power while every other paper currency ever floated has returned to its intrinsic value... zero.

This is a very important point. The "average" Asian/Indian investor utilizes gold as a core holding. Selling equities to this population is going to be a long slog.

That being said, there are and will be tremendous opportunities for those in the financial services business. Places like Mongolia, for example.

Despite the challenges, Asia is the only place to be over the next few decades if you're an investment pro! ]]> Tue, 31 Jan 2012 11:16:41 -0500
Who can blame them? 6,000 years of maintaining purchasing power while every other paper currency ever floated has returned to its intrinsic value... zero.

This is a very important point. The "average" Asian/Indian investor utilizes gold as a core holding. Selling equities to this population is going to be a long slog.

That being said, there are and will be tremendous opportunities for those in the financial services business. Places like Mongolia, for example.

Despite the challenges, Asia is the only place to be over the next few decades if you're an investment pro! ]]>