Forum Archive Index - March 2000

[Mike Nelson <bb2345@pop.ihug.co.nz>]

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
>> >
>>
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