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Re: [sharechat] AQL reality

From:	"Ian Andrews" <iandrews@ihug.co.nz>
Date:	Thu, 7 Jun 2001 15:23:22 +1200

A shell listing vehicle without any goodwill isn't worth much more than $1.5 million anyway

The announcement from the company says the entire board will be replaced; so I imagine the independent directors have also decided to "cut & run".It seems like very bad news for the minority shareholders; & one would have to ask whether AQL's 30 May response to the Stock Exchange query was as frank as it could to have been about the true value of the shares.

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