Forum Archive Index - May 2002

["John Wedde" <John.Wedde@weltec.ac.nz>]

Thanks Herbert, for your opinion.

I wouldn't write off the secondary market, totally, just like that
though.

Tell me why you don't like EStar specifically. If your reasons seem
valid I'll listen. By the way, I'm an existing shareholder and have
followed this company's history fairly closely. I have all their
figures, admittedly they're not too fancy, but the sector has of course
been hammered and they have survived, despite significant bad debt
problems. My feeling is the business has great potential. 

There are of course different types of investor. I happen to belong to
that group that likes to discover value / potential before others do so.
The secondary market is a good place for this in my opinion. Of course
there are plenty of duds, but don't forget the relationship between risk
and reward. The greater the risk the greater the potential reward. Of
course the downside here is that the chance of loss is greater as well,
but frankly, although I do hold a few of them, I consider most blue
chips pretty boring.

I intend to take up my rights to further EStar shares and am aware of
the risks.

Any more opinions on EStarOnline?

>>> herbertramsay@hotmail.com Friday, 3 May 2002 1:40:11 p.m. >>>

Avoid like the plague - I don't trust companies listed on the secondary
sharemarket - its wild west territory with no sheriff in sight - just
look at Wilson Neill and companies like A2 Corporation which promised
much but have so far delivered little as reflected in its share price -
wasn't A2 Corporation planning to list on the main sharemarket at one
stage? Also a "company" called Phonecard Traders International was
listed on the secondary sharemarket for a little while before it went
belly up - I had some free shares in Phonecard Traders International
because I bought some "investment" phonecards. EstarOnline was also
planning to list on the main sharemarket just before the technology
crash happened - there's an Australian company called Estar Online -
you're probably better off investing in that! The secondary sharemarket
doesn't have enough regulations - companies listed on it can get away
with murder - just look at Wilson Neill.




>From: "John Wedde" 
>Reply-To: sharechat@sharechat.co.nz 
>To: 
>Subject: [sharechat] EStarOnline 
>Date: Fri, 03 May 2002 10:41:56 +1200 
> 
>Any thoughts on the rights issue from this "unlisted, 2nd board" 
>company? 
> 
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