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Re: [sharechat] any news on Wilson Neill's E plans?

From:	"Ian Andrews" <iandrews@ihug.co.nz>
Date:	Thu, 2 Mar 2000 23:09:01 +1300

It's always hard to get information from this Company, & no-one has tried harder than I.

However,press announcements last month from Chairman Trevor Masson said there would be a shareholders' meeting in March to approve the purchase of the $6.5 million Igacu Restaurant in Parnell, & a possible capital raising. The Company is heavily leveraged & at least 1 prominent figure from the old Wilson Neill is still involved. Company is supposed to be having problems with it's Cobb & Co franchisees, or vice versa.

A recent foray into Radionet has brought the "blue sky" valuation associated with an IT Company.

A very hard stock to value. Meetings have rarely been held when promised, but I am sure further information will be released when directors are "good & ready".

New Auckland director Paul Hyslop Ph: 524-6875 may be a source of information.

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