Forum Archive Index - March 2000

["hugh webber" <hugh.webber@clear.net.nz>]

It was being asked on Sharechat a while ago for NZ ten baggers
and I think I mentioned 3. I see WN is 17 cents today, (was 17.5 on Friday)
and about 11.5 a week ago was it. (Unlisted Market)
A 92 yr old uncle bought a huge mound of them for one eighth of a cent 
getting on for 2 years ago and stayed with them through the cash issue.
Its about a 150 bagger now to my cousin in Australia's good fortune. I have
a small parcel, I had opportunities to buy heaps more  at 4 or 5 cents
several
times but I didn't have any rational basis for saying yes; I didn't know
the
management, the ratios were lets say, not very good and the line of
business
and assets were pretty ho hum. I suppose for every one you miss like that
there were probably 10 that would have disappointed, eventually logic wins.

Anyway in the post today a notice of special meeting from WN; 28 March
3.00 p.m Southern Cross Hotel in Dunedin. I was wondering if anyone was
going and would be able to file some sort of report perhaps...

They're buying Onthenet (provides business Internet access) and Radionet
Limited (high speed Internet access via a comprehensive wireless network).
The total acquision price is 75,000,000 shares, lets say $15 mill for
arguments
sake. They're also validating buying Iguacu Restaurant and Bar in Parnell
$6.5 mill
(David R, we'll have to do lunch there one day). 
The chairman is Trevor Mason, directors,Dianne Giles, Paul hyslop,  Malcolm
Johnson.

Comments anyone?

cheers,

Hugh


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