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Printable version |
From: | Mike Nelson <bb2345@pop.ihug.co.nz> |
Date: | Tue, 14 Mar 2000 12:27:38 +1300 |
Yes Thanks for that. It is the same announcement as was made a couple of days ago. No big deal I don't think certainly not enough to warrant large falls in the share price. May present buying opportunities in fact. Disclosure: Hold FOR At 12:01 PM 14/03/00 +1300, you wrote: >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. > > ***************************************************** 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.
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