Forum Archive Index - April 2000

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

How do you know that the company will be insolvent if the issue fails?

Matthew Darby on Telstra Business said that the NZ arm of the business would
be profitable by next year.

The other float money will be used for expansion into Australia and Canada,
as well as investments into other Internet sites and projects.

Mr Darby seemed to think that the backend structure that they have built for
CDStar has just as much financial viability (through licensing etc I assume)
as selling the CDs themselves.

Some contrary thoughts to the below post nevertheless - I haven't seen nor
read the prospectus yet.

Best Regards,

Benjamin Dutton

----- Original Message -----
From: Bob Jones <littlerock@wave.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, April 05, 2000 4:00 PM
Subject: [sharechat] E-Dog Online


> An investment statement for this has just come over my desk. They want
> $10 m and they're going to lose only $6 m of it in the next 12 months.
>
> What a deal! Gee can I have some.
>
> Deutsch Bank, where does it say in the prospectus that the company will
> be insolvent shortly if the issue fails. Hey, why didn't you raise the
> money at inception. Oh, I see. It's so the current shareholders can
> convert a 3.8 NTA to 33.7 NTA. How ethical Deutsch Bank. What a service
> you are providing in putting your great name to this outstanding issue.
>
> NOT!!!
>
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