Forum Archive Index - January 2000

[Osbert Sun <osbert.sun@xtra.co.nz>]

Paul, perhaps I missed something in the news. However, I can't find anything in
the company's annoucements that AQL was to raise more funds through private
placements of new issues. But it did. What does AQL want the extra funds for if
it is to unload its aquarium business. Has it sought shareholders' approval for
the recently announced placements? Unfortunately for small investors/traders, we
are always the last ones to hear anything of significant importance in relation
to share prices. The reality is, once the speculation becomes a fact (REALITY),
the insiders/smart money are ready to make exit having gained handsome profits
at the expenses of small investors/traders. Sure AQL will need to seek approval
from shareholders for changing company's investment direction, but I don't think
it will worry at all if I vote for or against any proposed resolution (for
holding only a small number of shares). If AQL were to go into wireless, the
priority would be, based on logic, to identify a potential takeover target
before an announcement were made about its intention. At this stage it would
only need AQL to announce that it is considering investing in the wireless (or
any other IT technologies) to attract people buying into its shares. Having said
the above, I do agree with you that there are a number of outstanding issues
with regard to AQL, and that lots of smart money pouring into AQL for good
reasons. Anyway, I enjoyed reading your posting and  hearing your view on the
subject.

Regards,
Osbert Sun
_____________

Paul Frost wrote:

> People on this forum are making some rather bold statements on AQL.
> Some of these statements may well be proven correct eventually, while others
> are blatantly incorrect.
>
> Allow me to pose 2 questions.
>
> Has AQL received shareholder approval to merge with Oceanis ??
> Has Bliss received approval from its shareholders to buy the aquarium assets
> of Oceanis ??
>
> As far as I'm awear, the answer to the above questions is no!!
>
> I can't see how anything can happen until shareholder approval is received,
> which I presume will require the holding of general meetings in both cases.
>
> Is approval from Bliss shareholders a mere formality ??
> Perhaps they would rather go into hi-tech themselves, rather than buy the
> assets of a dull aqurium company.
>
> What I'm trying to say, is that people should always check out all the facts
> for themselves, and not necessarily believe everything they read on forums
> such as this.
>
> All said however, AQL has so much smart money invested in it, that it is
> difficult to believe that this company could be anything but a success at
> sometime in the future.
>
> Disclaimer : I have a holding in AQL & AQLGA
>
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