Baoquan: The country is not honest, Only fools will invest

The company, which was forced to EVD patented technology for lack of money, was once again in deep financial straits. Media reports say the struggling company is planning to seek funding from local governments. But reporters learned yesterday from the relevant channels, due to the impact of a series of previous disputes, there is no agency is willing to invest in the country.　 The only way to rescue the EVD industry seems to be the last glimmer of government-led technology restructuring. Reporter yesterday from the company's shareholders, Jinweimin, chairman of the Board of Fire Ma Microelectronics learned that for the company's financing problems, was two months ago at a shareholder meeting discussed, but has not been results.　 Although shareholders have long been asked to be informed about the company's latest financing progress, they have been slow to get a reply from the company, not to mention the issue of financing cooperation with local governments. "What the company lacks is not money, but honesty." Without integrity, no one will invest.　 "Yesterday, as a content provider for EVD, once with the FU state-owned cooperation of this code group chairman Baoquan to reporters frankly, because the country and the United Kingdom NME company still" wrangling ", plus some time ago the EVD patent rights were mortgaged out of the event, the company has completely lost credibility. "To invest in such a company, Only Fools can." According to Baoquan revealed that the company has been talking about the financing of the attitude is not honest, and very overbearing. As early as in September 2004 Baoquan just entered the EVD, Baoquan was in Beijing Shangri-La Hotel and then the chairman of the Shange of the country to talk about financing, Baoquan then said to invest in the country, but Shange told Baoquan at that time, there are many institutions want to invest in the country, for the Baoquan investment intention, He made the offer of a new company in Hong Kong funded by Baoquan 6 million of dollars, and then invested in the company's name, but the country had 51% of the company's stake and Baoquan only 49%. It is clear that the country wants a controlling stake in the Hong Kong company, although it will be financed by Baoquan. But later, because the Baosheng all unable to accept this financing condition, then withdrew the Fu country's financing plan.　 However, Baoquan later learned that Shange said at the time, "a number of companies want to invest in the country" is only his own knitting a lie. However, due to the EVD patent ownership of the company's problems, China's EVD business did fall into the predicament of no money. In this respect, Baoquan suggested that at present only the government to rescue EVD. One possible solution is for the government to unify the existing technology of audio, video, content encryption, physical format and EVD technology in China, and revise the new EVD standard, "which is much more reliable than that of the British NME, and does not need to spend so much money." Related report: Baosheng all visit Sohu it chat EVD movie