Forum Archive Index - October 2001

[not important <cullen150@yahoo.com>]

 About a month ago the options were $0.01 each and now
are about $0.06 each. You do the maths.
 I still think the shares themselves are very cheap at
about $0.025 especially now all the problems are
ironed out and they seem to have a very positive
outlook as shown today. Why are they still so cheap
then?
                  Cullen150
   Disc own SPE, no options.  


--- "Wedde, John" <John.Wedde@weltec.ac.nz> wrote:
> Anybody following this company?
> 
> I notice today their 100% owned subsidiary Kinetiq
> [previously Wel
> Technology] has just successfully sold their energy
> management software to
> TXU networks in Victoria. Check out the web page for
> this Texas based NYSE
> listed company
> http://www.txu.com/ <http://www.txu.com/>   This is
> a major international
> company and SPE's hookup with them must be very good
> news. I'm surprised the
> market here hasn't reacted more strongly although
> both the head share and
> options were up marginally today.
> Interestingly it appears also that the options will
> have their exercise date
> pushed forward by a couple of years and their
> exercise price reduced to 6
> cents to align them with the employee options. It
> seems from my reading of
> the annual report that this will be voted on at the
> AGM.
> 
> Disc. Hold Spe and Speob
> 
> Cheers,
> John
> 
> 
> 
> 
> 
>
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