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Re: [sharechat] Depth of reporting to NZSE - Commsoft

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Mon, 18 Dec 2000 22:41:32 +1300

Peter,

The stock exchange is the property of its members.

They will sell it in return for shares in the ASX. They will do so, because in a few years time there won't be any larger N Z owned-or partly-owned companies left and by then any deal won't be worth much to these brokers. It is just a fait accompli, I think.

One can only grin when these members talk about a 'merger', it sounds better than a sell out: The ASX is so much larger; the NZ members will either get cash or shares or both presumably.

It just joins the INCIS project and a lot of other infamous have-beens in my opinion.

If Australia or any other country have systems which work, why can't we adopt-or adjust to-their competencies? Why do we always finish up with something not worth having?

What a waste of resources!

Gerry

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