Forum Archive Index - May 2002

["Matthew & Rachel Laing" <mattrix@free.net.nz>]

I wouldn't normally chat on this forum but this email is full of it. 

On what basis do you make the statement that Data Advantage took over
Baycorp? I've never heard of a takeover where the CEO of the company
taken over becomes the CEO of the new entity.

You sound very knowledgeable - almost convincing - but you're spouting
things that aren't fact - yet proclaiming them to be fact. Your guess
work may work some of the time but I wouldn't count on it working all of
the time.

I don't own Baycorp Advantage shares by the way...

-----Original Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz] On Behalf Of winner69 .
Sent: Monday, 20 May 2002 9:13 p.m.
To: sharechat@sharechat.co.nz
Subject: [sharechat] BCA chart - comments for Snoopy

Yes Snoopy, the original Baycorp chart is purged from my decision
making.  
Because in essence Baycorp has been 'purged' - it has been taken over 
(goodwill and all) by Data Advantage. End of story.

The new entity is Baycorp Advantage and the old Baycorp business is
being 
merged into it. Baycorp did not 'take over' Data Advantage. BCA is being

judged for better or worse by the market under this structure.

Agreed that the *majority* of shareholders at the time of the take over
were 
ex-Baycorp shareholders and as as such their sentiment probably meant 
something. That sentiment was likely to be different from when they were

happy Baycorp shareholders and the new sentiment would be reflected in
the 
subsequent BCA share price. The old DAD shareholders probably have
probably 
had a chnage of sentiment as well. That is also reflected in the current
BCA 
chart.

The long term BCA (ex DAD) chart on the ASX (from 1998) reflects the 
sentiment of the market to BCA - both in good times and bad times and
the 
time before, during and after their 'takeover' of Baycorp. The market 
thought BCA was worth $3.00 during 1998 and they think it is only worth 
$3.63 today.

One thing for certain I don't think that any old Baycorp shareholders
(and 
DAD ones for that) who are still in are happy with what has transpired 
-hardly a good result for the buy and hold investor.

By the way apologoes for suggesting you might be losing your marbles 
earlier. Still a bit worried about things burning holes in your brain -
tell 
us more

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