Forum Archive Index - March 2000

["Matthew Van Veen" <mattvanveen@hotmail.com>]

Kevin

I also wondered that fact when the SVY hype was going on prior to their 
announcement of purchase. When they did announce and mentioned they had only 
paid $500k I thought that it would not be too hard for a few contributors on 
shartechat or the like putting a few dollars together (I'd be keen) and 
buying the same thing. Maybe buying or getting in to a tech business isn't 
that hard. As traders we probably look at it in a different light e.g buying 
SVY shares because it brought Safety Net because that is what we do rather 
than thinking of buying the business or into the business itself. Perhaps 
Ben could be CEO?

>From: kevin.young@gfmb.co.nz
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] Savoy's the word!
>Date: Tue, 14 Mar 2000 11:31:28 +1200
>
>
>
>Yeah and SVY paid $500k for 70% for Safety Net and $150k of that $500k was 
>a
>loan. So SVY only paid $350k.......pretty cheap or is it too cheap. A group 
>of
>sharechat could of brought Safety Net, floated it, and cashed in big time.
>
>If cash strapped SVY can do it why can't you, me or we do it. Better than 
>buying
>SVY.
>
>Just a thought.
>
>Kevin
>
>
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