Forum Archive Index - October 2001

["Ken Donelan" <kdonelan@ihug.co.nz>]

The last sale price was 0.4 of a cent, not 4c

----- Original Message -----
From: "not important" <cullen150@yahoo.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, October 10, 2001 7:07 PM
Subject: Re: Re: [sharechat] SPE options


> Sorry- can one still buy and sell the options after
> the AGM and up to March 2004 or is it like a record
> date for dividends, after the AGM you are stuck with
> the 6c purchase option?
>
> ps) 4c IS expensive compared to 1c!
>
>    Thanks - cullen150
>
>
> --- Ken Donelan <kdonelan@ihug.co.nz> wrote:
> > Once the amendment has been passed at the AGM later
> > this month you will be
> > entitled to purchase 1 Spectrum share @ 6c for each
> > option owned and you
> > will have until 31 March 2004 to to do this.
> >
> > SPE options can be bought and sold on the NZSE just
> > like ordinary shares.
> > Their code is SPEOB.
> >
> > The options are "worth a go" if you think that the
> > price of the SPE shares
> > will exceed 6c by 31/3/2004.
> >
> > Is 0.4c (their last sale price)  expensive? Well you
> > can get 25000 for $100
> > so I think not.
> >
> > Each company that issues options sets their own
> > transfer price, expiry date
> > and conditions but the principle remains the same
> > for each of them
> >
> > .
> >
> > : "not important" <cullen150@yahoo.com>
> > To: "sharechat" <sharechat@sharechat.co.nz>
> > Sent: Wednesday, October 10, 2001 5:25 PM
> > Subject: [sharechat] SPE options
> >
> >
> > > Could somebody please explain what these options
> > are
> > > or what they entitle one to.
> > >  Can they be bought and sold like 'normal' shares.
> > >  Could they be worth a go? (although very
> > expensive
> > > compared to about a month ago!)
> > >  Is this idea the same for all options? (what they
> > > do/entitle).
> > >
> > >    Thanks sharechatters  :)     IN - 051nelluc
> > >
> > > __________________________________________________
> > > Do You Yahoo!?
> > > Make a great connection at Yahoo! Personals.
> > > http://personals.yahoo.com
> > >
> > >
> > >
> >
> --------------------------------------------------------------------------
> > --
> > > To remove yourself from this list, please use the
> > form at
> > > http://www.sharechat.co.nz/chat/forum/
> > >
> >
> >
> >
> --------------------------------------------------------------------------
--
> > To remove yourself from this list, please use the
> > form at
> > http://www.sharechat.co.nz/chat/forum/
>
>
> __________________________________________________
> Do You Yahoo!?
> Make a great connection at Yahoo! Personals.
> http://personals.yahoo.com
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/
>


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/