Forum Archive Index - September 2003

[Mark Hubbard <mhubbard@es.co.nz>]

>
>Has anyone more information on IndraNet Technologies as they are having a 
>new Share offer.


My following opinion is just that, an opinion ... and should not be taken 
as advice. But I wouldn't touch this company with a barge pole. I've looked 
at them over a number of years, as they always seem to be looking for 
money, however, even yet, as far as I know they are no closer to being off 
the ground and in business than they ever were; no substantial contracts in 
the wind, etc etc. Yet they're constantly going to the market for money. By 
the way, what is the latest round of money supposed to be financing?

Worse, I have grave reservations about the underlying technology they are 
trying to promote; for several reasons:

A lot of their technical stuff sounds more like mysticism to me than science.

What I do understand of it, from what I know, is already out their working 
in the market to some extent or another.

Finally, as I've said, IntraNet have been around now for years pushing the 
same technology that they have never even got to the market. Given how 
quickly technology moves, is the system they're promoting still relevant 
anyway (even if viable).

Just my 2 cents worth, but I wouldn't put any of my money into it unless 
you like extreme risk. 

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