Forum Archive Index - September 2000

["Ian Andrews" <iandrews@ihug.co.nz>]

What concerns me is that all relevant facts which current & prospective shareholders have a right to know don't reach the market at the same time. I was as surprised as Chris the "Herald" quoted no other source than Mr Hyslop - why has no-one from Jump Capital been quoted?

 

WNC directors should take notice that after the hyped-up Mt Conqueror deal & the main board listing which both seem to have fallen flat, the market seems to be waiting for actual results before rerating the shares.

 

Interesting that this post should say the Wilson Neill shareholders will control Radionet investment policy through their 60% shareholding. He then says WNC will appoint half the directors of Radionet - without consulting those shareholders. In other words, WNC directors make all the decisions.

 

Jump Capital's $10 million cash contribution for 28% of Radionet seems to value that enterprise at $36 million.Will the "partnerships & strategic alliances" value of $10 million qualify as assets in the books of Radionet? If not, are they not "pie in the sky".

 

Recent share issues by WNC directors have been at 10c & 11c "fair value". Is this our best indication of their worth.

Will directors please reveal to whom the last 56 million shares were issued & precisely what value was given to the Company? Also, the rationale for issuing 50 million shares at 1c last Xmas when the market price was 4.5c. If they can provide this information, I believe market participants will be much more able to price WNC shares than at present.

 

p.s. I don't know who "Charlie Brown" is. I don't send anonymous mail.