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[sharechat] Balancing act


From: "Mark Hubbard" <mhubbard@es.co.nz>
Date: Thu, 1 Nov 2001 10:29:41 +1300


I haven't posted to the group for a long time. When I basically cashed up to
build the house (for those of you who remember) I kept 4 companies, which
had been the worst hit - so, just an update, but mainly a question at the
end:

Nautronix (NIX)- got lucky, a takeover offer pushed their price up and I
sold out on 10% gain (that money now into building the house).

But ...

Comet Satellite and Cable (CSB) - now on 92% loss (bottom drawer stuff).
Still confused on what actually went wrong with this previously profitable
company.
Chrome Global (CGB) - now in administration.
Wavenet (WAL) - surprise surprise, have just produced their first quarterly
cash surplus, and quite healthy at that.

I might break even yet :)

Regarding Chrome - when they went into administration the directors were
confident of relisting - does anyone know if they will keep posting
announcements in the interim so investors can keep up with progress. I've
had nothing from administrators, etc, at this stage.


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