Nickname: Ram Kumar

Review: The promoters of East India Company have only one plus point i.e. their Legal Consultant is Nalini Chidambaram, the Indian Finance Minister's wife. If they have been assured of all "help" from the corridors of power in Delhi, then, I would risk to invest small amount in this IPO. Remember, during the last twenty five years, thousands of Indian companies have raised huge amounts of public money from the market by offering the investors with teak-lumber, time-share in five star resorts, non-banking finacial companies and what not and majority of these companies have vanished. Stay away from any IPOs, where in the prospectus, the promoters are offering you all the goodies, without telling you about their products or economic activities. Even if the IPO is over subscribed and listed at premium, you will have a chance to buy below the current offer rate.

Date reviewed: Jul 2, 2006 11:04 AM

Nickname: sec fraud dector

Review: looks like a risky proposition as it will be listed on te nasdq otc bulliten board it is ripe for fraud, given the background of some of management.

Date reviewed: Jun 29, 2006 3:19 PM

Nickname: deve-gowda

Review: No one can run a scam for their own enrichment as well as an Indian. If only they put the same energy and ingenuity into good governance, eduction,h ealth care, and infrastructure. If you can afford to lose the money, go for it.

Date reviewed: Jun 27, 2006 3:59 AM

Nickname: AK

Review: I would be very concerned about investing in a company that intends to invest in India and is led by such questionable characters that they call their company the East India Company. What next ? A Chinese investment company calling itself the Opium Wars company ?

Date reviewed: Jun 26, 2006 8:16 PM

Nickname: nick

Review: Companies with Indian connections want to raise money when the markets are in boom. if Chinese companies get subsidized credit then the Indian ones get the money from public issues with almost no responsibility. The Bombay stock exchange has 5000 listed companies--more than two times that of the NYSE. Most of these companies never exist. If you say the promoter has high connections then he is most likely to get away from any misappropriations that may take place.

Date reviewed: Jun 26, 2006 5:11 AM