Forum Archive Index - March 2000

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

Interesting propositions there guys. The deal was made a lot easier because
SVY was already listed wouldn't you agree. I don't know what sort of delays
and beauracracy you would have to go through if you found another Safety
Net deal and then tried to list it ??  Does anyone know ?

Anyway I could be interested in being part of a group who took a punt on
something I was convinced could be a winner.


MN

At 11:40 PM 13/03/00 GMT, you wrote:
>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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