Forum Archive Index - March 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

Great...but I thought companies that listed on the secondary board
subscribed their shares at .50c for the listing.

Is that right?  If so, what is this $1 listing all about?

Nk
----- Original Message -----
From: "Kevin Young" <youngk@zfree.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, March 10, 2002 11:30 AM
Subject: [sharechat] Intaz


> 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.
>
>
> __________________________________________________
> Advertise with ZFREE - to find out more click below
> http://www.zfree.co.nz/about-us/advert.html
>
> --------------------------------------------------------------------------
--
> 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/