Forum Archive Index - September 2000

["Geoff Walker" <geoffk_walker@hotmail.com>]

Hi

I have contacted Strathmore twice on the Commsoft listing.  Yesterday I was 
told by SMR that due to the overwhelming response to the offer there were 
delays in allocating shares, listing, sending confirmation of shares 
allocated etc.  No mention was made of the listing date.

Today I followed up with the email below and contacted the NZSE.  Whilst the 
NZSE were understanding and agreed that SMR should inform the market of 
delays I don't believe the NZSE will / can force SMR to notify the market.   
Apparently the "offer document" only "indicated" a listing date of Sep 13, 
they don't have to list on this date.  Commsoft listing documents are with 
the NZSE lawyers now and a dual listing on the NZSE and ASX should occur on 
Monday.

I believe that SMR have a responsibilty to inform the market of all relevant 
details, not to deliberatley leave shareholders in the dark.
I would assume that SMR wants to inform the market of all news as evidenced 
by chief executive Peter Saunders talking to ShareChat only last month.  If 
I could email Peter Saunders I would!

They have failed with Commsoft.


Geoff Walker
disc:  hold SMR and Commsoft (maybe!)

EMAIL TO STRATHMORE:

annie.gandar@strathmoregroup.com

Hi Annie

can you tell me what is happening with the Commsoft offer, they were  
supposedly listing today in Australia?

I have received no notification indicating share holdings etc. or listing.

This is yet another example of extremely poor communication between 
Strathmore and shareholders.  Hard to understand how your company can be 
involved in the communication industry but yet be so absymal at 
communicating to the market and shareholders.

Signed

disgruntled shareholder

Geoff Walker

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