Forum Archive Index - February 2000

[Adam Rands <adam@iguana.co.nz>]

I have been holding EBT since it was first spun off from Coms21 about 9
months ago

To be honest I had given up on them and the only reasons i had not sold
them sooner was because i was too lazy :)

Well obviously i am a happy chappy now.. 

I do think the business is sound (hey, they do have revenue) although I
think there is a little uncertainly regarding the aussie govt. banning net
gambling. (IMHO they will not do this as they make to much money from it)

What i find interesting about ebet is the chance to get hold of more via
Coms 21. (ASX:CMZ)

Coms21 still own 51% of ebt (if i remember rightly) and are sposed to be
distributing the rest of the stock sometime this year..This could present a
good opportunity to get EBT stock cheap. 

Also its very interesting to watch the arbing opportunities that presents
itself when ebet trades in NZ... I am sure 90% of the EBT trades that do
occur on the NZSE are pure arb plays.

Adam











At 09:26 AM 2/13/00 +0000, you wrote:
>Thanks Frank. I already have ebt on board from those sleepy days when was 
>seldom traded and languished in the mid 40s.At one stage I thought I was the 
>only shareholder in NZ with any stock !! Patience is a great virtue and it 
>sure is being rewarded now.
>Si.
>
>
>>From: frank <frank.fernandez@xtra.co.nz>
>>Reply-To: sharechat@sharechat.co.nz
>>To: sharechat@sharechat.co.nz
>>Subject: [sharechat] Re: ebt's price rise - better than Force's
>>Date: Sun, 13 Feb 2000 22:01:29 +1300
>>
>>Si,
>>You wanted to know why ebt is fizzing.  It hasn't just been fizzing, it
>>has been exploding. eBet Limited has been in substantive negotiations
>>with overseas parties with respect to its subsidiary, eBet Online but no
>>decisions have been made and discussions are still continuing.
>>Meanwhile the company last week announced the commencement of online
>>sales of lottery games via its website at www.ebetlotto.com and its main
>>portal site at www.ebetonline.com.
>>Two weeks ago, eBet also completed the acquisition of the business and
>>assets of gaming system developer Dataview Pty Ltd (Dataview) which will
>>provide strong market penetration to the leading gaming venues in New
>>South Wales.
>>Investors obviously are aware of the potential growth in this stock
>>which has seen its price jump fromm 44c about two weeks ago to 100c now
>>- a 127% jump (miles better than the 71% rise in the price FORCE which
>>finished up last Friday at 91c from about 53c a few weeks ago).
>>Trust you will now be getting some ebt stock tomorrow.
>>Cheers,
>>
>>Frank Fernandez
>>
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Adam Rands - Iguana Information Services (Sydney)
phone : 61 2 9412 3058
mobile : 0410 448262 (iguana)
email  : adam@iguana.co.nz



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