Central to the case against bottom-fishing is the protection of underwater mountains, known as seamounts, which are especially rich in Marine life of all kinds.
"The US market absolutely terrifies me," said one Shanghai-based real estate executive. "However, there are plenty of people here who think this a great time for bottom-fishing."
“美国市场吓坏我了”，上海总部的一名房地产销售人士说。“但是好多人还是认为现在是去抄底好机会。”
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Sadly for the telecoms firms, bottom-fishing for distressed assets rarely worked, and investors vetoed empire-building deals involving mature assets that yielded few cost synergies.