Forum Archive Index - November 2000

["Chris Castle" <captain@voyager.co.nz>]

Hugh,

IMHO the value that the market attributes to Acquaria is only partially
related to the current asset backing - listed shell companies (even
insolvent ones) have an intrinsic value linked, among other factors, to the
value of tax losses, and the costs of other ways of accessing an entry to
the share market. If you cast your mind back there are numerous examples of
this in recent years. Generally, the fewer possible hassles, the greater the
intrinsic value of the listing.

Regards,

Chris Castle


----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, November 10, 2000 5:50 PM
Subject: [sharechat] Bankrupt Savoy director resigns?


> chuckle, chuckle
> whatever happened to the several hundred million SVY was
> going to get by suing the Auck City Council...
> methinks this was one of several I got roundly abused on sharechat
> for at the time for saying the emperor had no clothes.......
>
> how come Aquaria is staying up over 3 cps with net assets of about
> 0.1cps.....who said Newtons Laws always apply....
>
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