Forum Archive Index - September 2000

["paul" <hyslop@xtra.co.nz>]

Frank

 

Thanks for your comments

 

Like all expanding companies in the IT industry our "cash burn" rate is very high , yes we have had occasion to issue shares to raise capital and yes usually at a discount to market , this is perfectly normal for most companies whether they be main board or secondary.

 

Wilson Neill has been a real traders share , hence very volatile , and to attract investment we have had to offer the investment and venture capital community a 10 to 20% discount to the market price.

 

Money raised has gone into intrastructure and network expansion for Radionet , this expansion has certainly paid off as we have been able to attract partners the calibre of Jump Capital , who incidentally spent 3 months completing due diligence on Radionet .

 

I hope this helps

 

Paul Hyslop

 

Director ; Wilson Neill Corporation