Forum Archive Index - February 2000

[Derek Watt <dkw@paradise.net.nz>]

If anyone knows whats going on then it is our friend Eric Watson,
so why did he sell half of the shares he had in AQL
(through the Cullen Trust which he half owns)
just before christmass ?

I've just started reading sharechat, so maybe I missed
some gossip/info around that time. Any ideas?

Derek Watt


At 06:25 PM 2/3/00 NZDT, you wrote:
>I thought the biggest news regarding AQL today was the vote of confidence 
>given by sharebroker Sandy Ellis to the stock. All of AQL's recent four 
>"private" placements were placed with Mr Ellis and his "clients".
>Mr Ellis apparently used to work for DFM - who repaid his employment by 
>letting the "cat out of the bag" when it predicted on 17 January (on its web 
>site) that AQL would soon be entering into E-Commerce. That started the 
>interest in AQL shares. (It is obvious that there are no friends in this 
>business!)
>Mr Ellis was also quoted as saying that he was "hanging in there" with AQL 
>shares held by his company, Ellis Capital. Considering that he has been very 
>close to the 'action', I would say that's definitely the most credible vote 
>of confidence I have heard expressed about AQL. Yes I agree, it's definitely 
>topping up time.
>
>David Thompson
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