Forum Archive Index - January 2000

[Phil Williams <philw@hyperactive.co.nz>]

Further to Ritchies comments,

Can anyone enlighten me on what the NZSE regs are regarding holding period 
disclosures for private issues like this...

Phil Williams

Animation/Media Design
Hyperactive New Media
Wellington, NZ
+64 8019550




ritchie marr wrote:

> >
> >AQL announced today that it has issured a further 5 m ordinary shares
> >@0.18cps. So far it has raised nearly $2 m cash in two weeks through
> >private placements. AQL has cearly stated it has not debt and the deal with
> >Bliss is about to complete. Watch closely as something is going to happen
> >soon!
>
> Doesn't all these new issues devalue through dilution the value of the rest
> of the shares on issue.
>
> And how come a company can just issue shares like that without the consent
> of the other shareholders.
>
> Surely these share issues are for something that should be of significance
> to the value of the shares in accordance to the securities commission
> rulings, and therefore announcements should have been made public prior to
> the these new issues.
>
> Any thoughts?
>
> (AQl shareholder going blue in the face from holding breath too long.)
>
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