Forum Archive Index - February 2000

["G Christie" <bayvu@ihug.co.nz>]

Just by way of addition, Jill reminds me that we've never heard of any
company dividends from  Eric or his mates.
-----Original Message-----
From: hugh webber <hugh.webber@clear.net.nz>
To: sharechat@sharechat.co.nz <sharechat@sharechat.co.nz>
Date: Thursday, 3 February 2000 22:39
Subject: Re: [sharechat] Consulting my crystal ball re AQL


>My eyes are glazing over, just like with Bruce Judge in 1987. Remember he
>collapsed months before
>the great share crash and not just before during or after it. He was
>juggling Judge Corp, Ariadne,
>Renouf and I think a couple of others I can't now remember. No one was
>actually making and selling
>things it was all paper shuffling and loads of debt. As each deal collapsed
>(and this went on for
>months) he'd announce a new one of takeover or merger between the
>incestuous companies with a
>different company being the initiator at even higher share prices further
>and further above the market
>prices and more and more out of touch with the net asset backing and
>average price earnings ratios.
>But everyone had ultimate faith because he was Bruce Judge with a brilliant
>track record of deal
>making even though the analysts and commentators were struggling harder and
>harder to understand
>what was going on.
>
>Sound familiar yet?
>
>So Bliss is suspended in Australia. Doesn't sound too hopeful. And there's
>hundreds of millions of
>shares sloshing around with unknown but low net asset backing. And there's
>been all sorts of sleight
>of hand that Ritchie has told us about; all sorts of discrepancies to be
>explained.
>Hands up all those companies that have done well in China? did someone say
>Milburn? or was it Lion?
>or FERNZ .....or....or . Um, doesn't sound too hopeful for the acquarium
>does it, besides aquaria are hardly the
>cutting edge of technology are they?
>Then dear Eric evacuated from Blue Star leaving them lamenting some rather
>large losses he left behind him.
>And there was the little matter of the insider trading which he decently
>paid up on after it was exposed to
>public view....but maybe there's a predilection....perhaps...
>And sharebroker Mr Ellis said "he was hanging in there" does that sound
>like an enthusiastic endorsement or sort of
>I've got myself in so deep now I'll have to hang on for the bungy ride.
>But I think someone mentioned a tech firm, in Australia, a fast growing Web
>designer.....who was it again...
>It must be some size to come to the rescue of this little schmozzle,
>somebody say the size of Sausage
>which is the second largest tech firm in Australia and does that sort of
>thing, y'know wbedesign and all that.
>Hmmm, I've been following Sausage closely having a substantial parcel of
>shares in it and I've never seen any
>rumour of a tie up with Bliss/Oceanis/AQL. So it must be someone smaller,
>in fact much much smaller if you
>look at how the tech firm sizings rapidly tail off in Oz. And yet it has to
>big enough to give substance to what,
>say 500,000,000 shares at around the 20 cents each you guys have been
>chasing them at....
>
>A few people are starting to smell a rat....is something fishy in the state
>of Denmark?
>
>
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