Forum Archive Index - March 2002

[Kevin Young <youngk@zfree.co.nz>]

l think Intaz should do well. I have read a report which compares Intaz with 
Software
of Excellence and Keylogix. Intaz compares well with both of them. Intaz appears
to be managed and funded by a group of astute people well known in NZ business 
circles.
Companies such as IBM and Oracle have described Intaz's product as "best of 
breed".


My only concern is that Intaz will be listed at the end of March on the NZSE New
Market Board rather than the main board. However this is only a small concern.

The company is trying to raise $10m. $5m from professional investors and $5m 
from
public float. The professional investors will pay 95c per share plus one free 
option
for every 3 shares subscribed exercisable at $1 after 12 months. The public 
offer
is at $1 only.

This is what you should do. Apply for $150,000 shares as a professional investor
at a cost of $142,500. You will be alloted 150,000 shares and 50,000 options. 
When
Intaz list, dispose of your 150,000 shares (hopefully at $1 or better) and keep 
the
50,000 options. If the company does well and the share price goes to say $2 
after
12 months, exercise the option pay the $1 and pocket the other $1. If the share 
price
is trading at 75c don't excercise your option.


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