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| Subject: SUIT (Duncan Saville) | |
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Author: management style |
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Date Posted: 14:39:29 01/23/03 Thu Symbol Last Change $ % Open High Low Volume More Information Broker Edit ERG 0.145 +0.005 +3.571 0.140 0.145 0.140 2,508,748 Profile Chart Customise Broker Quotes delayed 20 minutes, Australian Market Opens in 0 Hours 24 Minutes (9:36:02 AM:AEDT) Posted by: jumper Jan 24 2003 1:07:04:340AM Reply to post #3796 by jvd Go to Post # Previous Respond Message List Next Has any one joined the dots regarding this article in the NZ Herald: http://www.nzherald.co.nz/business/businessstorydisplay.cfm?storyID=3097217&thesection=business&thesubsection=dialogue&thesecondsubsection=&thetickercode= In it Brian Gaynor indicates the management style we may come to expect if SUIT (Duncan Saville) has a major holding in ERG. I owned ERG until recently but sold and bought a small bundle of ERGG. Although I would like the maximum return for my investment (conversion at 90:1) I don't think that the major holders of convertable note holders should be given control of ERG so easily. There may be no positive anouncements before the EGM which may keep the price of ERG low, so the 90:1 will be seen as the only solution to ERG's problems, BUT if the price of ERG should rise to 40c or more I would not be voting to go ahead with the dilution at 90:1 (value of $36+ /ergg note). (Voluntary Disclosure:No Position Short Term rating: Long Term Rating:) OZeStock Advertisment:"Get yourself an institutional advantage!" [ Next Thread | Previous Thread | Next Message | Previous Message ] |