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Re: [sharechat] Long lost AQL

From:	"Steve Moxham" <steve@ezysurf.co.nz>
Date:	Thu, 10 Aug 2000 10:20:36 +1200

Poor old AQL!

In their notice of special meeting this is what they have to say...

"The sale of the Shanghai Aquarium to Radwin. The consideration receivable is:

US$000

Value of aquarium business 8,325

Less liabilities of aquarium 1,881

Consideration payable by Radwin 6,444

Less principal & interest due to Radwin 5,500

Cash payable by Radwin 944

The are currently 228 million shares on issue. After the repayment of convertible notes in Sept 2000, the net asset backing per share will be less than 0.1 cent per share!!!

Seems shareholders still believe AQL is worth around 4c. Not even Eric Watson's rub can justify that price!

I'll be looking to buy in at $0.001.

Future Prospects:

"At this time, no alternative business opportunity has been identified and it is not expected a proposal on any future investment will be put to shareholders until after final settlement of the Aquarium sale agreement in September 2000".

Sell Sell Sell!

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