Forum Archive Index - October 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Some legal type might be able to give us a ruling on that> can options be
traded after  the last working day and up to cut off date if a holiday etc.?
Any special exemptions with jointly listed cos ?
not my subject Im afraid !
cheers G
"Remember your unique just like everyone else"
ZEN???
----- Original Message -----
From: "Mike Nelson" <bb2345@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, October 27, 2000 2:20 PM
Subject: RE: [sharechat] ITC


> 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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