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From: | "hyperion" <hyperion@ihug.co.nz> |
Date: | Tue, 14 Mar 2000 12:01:56 +1300 |
FOR 10/03/2000 ASSET REL: 0910 HRS Force Corporation Limited ASSET: FOR: SETTLEMENT OF FORCE ENTERTAINMENT CENTRE DELAYED Force Corporation advised that the settlement of the Force Entertainment Centre is delayed as a result of a dispute with Trust Company of Australia Limited (the Buyer). The buyer contends that practical completion of the shell of the Centre was not achieved by 30/12/99. We were issued with a Certificate of Practical Completion on that date and accordingly are demanding the buyer comply with the terms of the Share Purchase and Loan Deed which sets our procedures leading up to settlement. Force also advised that the Centre is now fully leased and has an annual rent roll of approximately $6.8m. End hope that sheds a little light on it Cheers... ----- Original Message ----- From: Mike Nelson <bb2345@pop.ihug.co.nz> To: <sharechat@sharechat.co.nz> Sent: Tuesday, March 14, 2000 11:49 AM Subject: Re: [sharechat] FOR: $50M Dispute > Could you give some idea of the content of the article you refer to please ? > > MN > > > > At 09:23 AM 14/03/00 +1300, you wrote: > >Having just read this article in the Australian Financial Review it does not > >look good for Force/Ihug. > > > >Is this dispute a new one regarding the Force Entertainment Centre or is it > >the same dispute that has been doing the rounds lately? > > > >If this is a new dispute, expect the share price to keep on tracking down. > > > >Craig > > > >--------------------------------------------------------------------------- - > >http://www.sharechat.co.nz/ New Zealand's home for market investors > >To remove yourself from this list, please us the form at > >http://www.sharechat.co.nz/forum.html. > > > > > ***************************************************** > Looking for top accommodation in Wellington for more than a week ? Check > out our homepage at http://homepages.ihug.co.nz/~bb2345/ > > ***************************************************** > > -------------------------------------------------------------------------- -- > http://www.sharechat.co.nz/ New Zealand's home for market investors > To remove yourself from this list, please us the form at > http://www.sharechat.co.nz/forum.html. > ---------------------------------------------------------------------------- http://www.sharechat.co.nz/ New Zealand's home for market investors To remove yourself from this list, please us the form at http://www.sharechat.co.nz/forum.html.
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