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[sharechat] EGI / EBT, something for almost nothing ?

From:	Derek <dkw@paradise.net.nz>
Date:	Sat, 24 Nov 2001 09:35:02 +1300

Eglobal (ASX, EGI) intends to distribute 1.4 eBet shares to shareholders
for each EGI share. The current price of eBet is about 16c, the current
price of EGlobal is about 23c. Therefore after the distribution, the EGI
shares will be practically free. (Assuming that eBet shares will hold their
price. Excluding the risks of EGI's application for distribution being
rejected by the Australian regulators and ignoring the costs of tying your
money up for 10-12 weeks).

Regards,
Derek

(EGI holder)



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