Forum Archive Index - May 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

Hi Allan,

 

That's totally correct. It is in print as Item 2.1 (c) within the explanatory memorandum of Extraordinary General Meeting - notice announced 13.4.04. This is the information shareholders voted on and means that the shares should have been sold at a minimum of .011 (pre) or 55c (post).

 

I left a message on the Chairman's mobile yesterday re same and am awaiting a response. Will be following up today.

 

I will be asking for an official ASX notice to clarify same.

 

Regards,

Cris

----- Original Message -----

From: Allan Potts

To: sharechat@sharechat.co.nz

Sent: Friday, May 28, 2004 9:17 AM

Subject: [sharechat] Calling Cris re: CBD

Hi Cris,

As our undisputed expert on CBD, I'm wondering if you can clear up something in my foggy mind.  It seems to me that I read (not very long ago) that CBD was going to raise capital at the average market rate of a certain 5 market days, but IN ANY EVENT, NOT LESS THAN .011/share, which in today's terms would be .55.  Am I correct in this or have I missed something?  If I'm correct, how is it that they just sold shares at .40????  Mind you, I'm not saying that you have any part in this, but I figured that you would be on top of whatever happened.

Allan 




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