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From: | "Steve Moxham" <stevemox@e3.net.nz> |
Date: | Fri, 29 Sep 2000 11:53:19 +1200 |
I have some further info.
The shareholders involved in the reverse takeover of NZ Salmon
were restricted from trading their shares (issued at 11c) for a period
of one year. Likewise, the companies acquired by NGL for the consideration
of shares were restricted from selling for a period of 6
months. (issued at up to 50c per share) In all, a total of 70 million
shares come off their constraints, however at the current price of 14c per share
the company is not expecting anyone to sell down their holding.
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