Forum Archive Index - April 2000

["Les Mortimer" <les@openmind.co.nz>]

Hi Paul, They have a conversion date on or before 30/09/00 at 20c. current
share price is .133c and the options are trading at about .04c so on face
value they are over priced and carry a very high degree of risk. However
with the documented knowledge that AQL has sold it's current business and is
reinventing it's self the potential for a major price increase is highly
likely. Within the next several weeks matters should become much clearer as
to what AQL is going to get involved in. The major shareholders are very
astute and have converted shell companies into major success stories in the
recent passed.  Expectations are high, however the share price has been
hammered by one or two major shareholders from overseas repatriating their
funds. I believe that your comment in your previous post that the share
appears to be settling down at .13c is correct and now that the heavy
selling appears to be over the share price will develop a new up trend.
I own shares and options.
Paul I note that you have a      .com address. Do you live outside New
Zealand and if so what drew your attention to AQL?

Regards Les.


----- Original Message -----
From: <Paul.Menneer@sealedair.com>
To: <sharechat@sharechat.co.nz>
Sent: Monday, April 03, 2000 5:02 PM
Subject: [sharechat] Aquaria Options


> At risk risk of sounding simple, can someone enlighten me as to how the
> Aquaria options. I assume they give the bearer the option to exchange them
> for shares in the future but what are the traps to be wary of.
>
> Thanks
>
> Paul Menneer
>
>
> --------------------------------------------------------------------------
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> http://www.sharechat.co.nz/          New Zealand's home for market
investors
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