Forum Archive Index - October 2000

[oli@vodafone.net.nz]

Well, talk has been on the rights issues of FFS (although I imagine the CC and
FEG will be grilled tomorrow).  "Rights" in this context I always found to be
an amusing misnomer (a bit like "bonus issue" and "share split to make shares
cheaper").  Don't be fooled - essentially, if you don't take up your rights,
you lose value.  If you do, you maintain your status quo.  WHAT GET REALLY 
INTERESTING
ARE YOUR REAL RIGHTS!  
Hands up who knows their buy-out rights under the Companies Act?  With FEG sale
turning to custard and many many unhappy shareholders feeling coerced into a
restructuring, the buy-out right comes into play.  I believe there are one or
two transactions which may trigger these rights - no time to look at them this
week - maybe over the weekend?  In nay event I will try to post a summary of
rights and their potential in the next week.  The main thing is - DON'T THROW
AWAY ANY VOTING FORMS!!! The key to your rights is in actually voting...

Gotta say, I'm most unimpressed with all my shares lately.  That said, if one
can look past the lost $$ these times are certainly entertaining from an 
economic
perspective! :)

oli

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