Forum Archive Index - March 2000

[chris <CMR64@student.canterbury.ac.nz>]

Hi Ben.  

I was curious about the same thing, so I went through the company
announcements SPE has released since its resurrection.  The only
reference to this I could find was this:

"...The proposed change of business direction and
acquisition of WEL Technology are both subject 
to shareholder approval and a meeting to consider 
same will be convened in 07/2000. In order to fund
additional acquisitions in the e-commerce, and 
technology area, the board also announced that the 
company plans to make a cash rights issue to raise
approx $10.15m... "


It doesnt say that the rights issue wont take place earlier, but there
seems little point in raising it if they cant spend it til after we
approve the new direction in July.

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