Forum Archive Index - April 2000

[James Webb <James.Webb@xtra.co.nz>]

So Kevin, who is handling Probe and how do I get more info.

Cheers, James

kevin.young@gfmb.co.nz wrote:

> That's the spirit Malcolm take the loss positively and move on.
>
> A colleague of mine has been making good money by buying Pacific Lithium at
> NZD5.37 and selling them on the US market via Raging Bull at USD10. He gets 
>paid
> in US dollars and with the current exchange rate he's pretty happy.
>
> A friend has told me of a private NZ company which will be taken over by a
> listed US company shortly. The share swap is 1-1. The US listed company is
> trading around $17. The cost of the private NZ company is $1. Sounds too good 
>to
> be true....that's what l thought but l will look at it and decided then. I 
>have
> no idea what the companies involved are but the shares are "reserved" for me 
>if
> l am interested.
>
> There is a new company been formed called Probe Pharmaceuticals in which seed
> investors has been invited to invest. This is the best way to make some 
>serious
> money as the public offering will be at a much higher price. Probe was 
>mentioned
> in the NZ Herald recently.
>
> My broker is currently selling my ITC purchased in NZ on the US market. As you
> are aware the US market is willing to pay a lot more for ITC than we are. This
> is a test case and l should know next week if my broker is successful or not.
>
> For those interested in WDT l have approached the company and inquire about a
> private placement of shares. They were very receptive and gave me Ray 
>Thompson's
> phone number. I haven't phoned yet but l am sure the company is looking for
> additional funds and you may get the shares at a discount to the current share
> price as long as you are willing to hold them for a year.
>
> These are just a few ideas and investments where you can make some money other
> than chasing the market.
> When you are chasing the market you are either in too late or out too earlier.
>
> Kevin
>
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