The minerals mining sector and the video sharing sector are so different that I think it's rather beautiful that this wayward company is honestly relaying to potential investors and (ouch!) current investors their ridiculous intentions.

     But Gao is still hoping for rich rewards. He has inked a deal with Huaju Network, a Chinese Internet video sharing company and says, "Through this joint venture, we hope the new project could generate more returns to all the shareholders, and also, the new joint venture company could become the Chinese YouTube in China's video sharing industry."

     There are many other Chinese companies like China YouTV that are trying to build huge conglomerates on the shoulders of nothing. All of these bubble businesses will burst. I hope either Gao or investors come to their senses soon and realize that they might not be making money on either of their two ventures.