Forum Archive Index - October 2000

[Mike Nelson <bb2345@ihug.co.nz>]

Hi John,

Yes you are right I have just checked again and I definitely have a letter
signed by Carden Mulholland of ITC saying 29th Oct but I found another one
saying 27th Oct. It would be interesting if the 29th was acted on but
fortunately I sent my cheque away some days ago.

MN



At 01:53 PM 27-10-00 +1300, you wrote:
>Hi Mike,
>Have just checked the annual report. According to that , the options
>actually expire today [27/10].  The 29th is of course Sunday and probably
>Saturday and Sunday do not count. At the end of yesterday's business there
>were still 11.6 million options outstanding. 
>Cheers,
>John
>
>               -----Original Message-----
>               From:   Mike Nelson [mailto:bb2345@ihug.co.nz]
>               Sent:   Friday, 27 October 2000 13:22
>               To:     sharechat@sharechat.co.nz
>               Subject:        RE: [sharechat] ITC
>
>               Hi John and Joanne,
>
>               I have a letter here from ITC saying that the Class 008
>share options
>               expire on the 29th October.
>
>               MN
>
>
>
>               At 12:43 PM 27-10-00 +1300, you wrote:
>               >Hi Joanne
>               >The shareprice has dropped a lot lower than the exercise of
>options should
>               >have caused it to. I'm not sure that all the options have
>been exercised.
>               >I think the last day for this is October 31, Tuesday next.
>Would you care
>               >to elaborate on why you do not think much of ITC's
>portfolio?
>               >I'm still holding, in fact  bought more recently.
>               >Cheers,
>               >John 
>               >
>               >
>               >
>               >               -----Original Message-----
>               >               From:   Joanne James
>[mailto:jojames@ihug.co.nz]
>               >               Sent:   Thursday, 26 October 2000 18:38
>               >               To:     sharechat@sharechat.co.nz
>               >               Subject:        [sharechat] ITC
>               >
>               >               The options have been converted to shares
>now so I presume
>               >that ITC has had
>               >               a cash injection. There are now more shares
>on the market
>               >which is why the
>               >               shares are priced so low. It's portfolio is
>not exactly
>               >stunning where does
>               >               ITC go from here and are the shares worth
>buying at this
>               >price? Anyone got
>               >               any thoughts cheers.
>               >
>               >
>               >       
>       
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