Forum Archive Index - March 2000

["Ben Dutton" <bendutton@sharechat.co.nz>]

Hi Chris,

I remember reading that announcement and being very puzzled by the date -
July for the shareholders meeting, surely not!

However, it was reported in The Press on March 16 that:

"a shareholder meeting would be called next month to approve Spectrum's
change of business direction, and its conditional purchase of WEL
Technology, announced in January".

I also have received an Email from John O'Hara, the CEO of SPE confirming
that "A shareholders meeting is due in April to ratify the change of
direction etc".

So, I guess that the date on the company announcement was wrong.  Strange
that no-one picked it up though.

Ben


----- Original Message -----
From: chris <CMR64@student.canterbury.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, March 22, 2000 7:49 PM
Subject: Re: Re: [sharechat] horse shoe ben


> 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.
>
> --------------------------------------------------------------------------
--
> 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.