Forum Archive Index - June 2000

[Harley D Betts <BettsH@landcare.cri.nz>]

One other thing that crossed my mind (someone pls correct me here if
I've missed something)... surely, if I was a certain major shareholder of
AQL who had a plan up his sleeve, it would make sense to wait for the
options to expire before announcing the new direction for the co (if there
is one)?  That way, my interests wouldn't be diluted by the conversion of
screeds of options into new shares...?  That is, unless I would want
some new capital from the option holders in the form of 20c per option on
conversion - that's all I can think of anyway.  I do think there is nothing to
be gained by holding the options even at these low levels... still many
hundred % above their true value based on what we know so far.

Still open minded though - 'tis a learning game after all!

Cheers, H.

>>I don't know too much about backdoor listings but it seems that NTA
goes
out the window when these occur. What was the NTA of Frontier pre
restructure?

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