Forum Archive Index - March 2002

[nickk@quicksilver.net.nz]

Ben

Much obliged.

Maybe you should write the articles!

Got an opinion on Intaz?  I like it.  Another article on them in this
morning's granny Herald.

Regards

Nk 

Ben Dutton writes:

> Nick, I noticed that you hadn't received an answer about this, so here
> goes...
> 
> You're getting confused between the Unlisted Securities Market (the USM) and
> the New Capital Market (the NCM).  The USM isn't part of the New Zealand
> Stock Exchange as such - but companies on it are traded through the NZSE
> trading system.  The NCM by contrast, is part of the NZSE, and shares for
> that are quoted on the FASTER trading system.  The NCM lists companies at 50
> cents a share, companies can list on the USM for however much they want.
> All you need to do to list on the USM is to get a sharebroker to sponsor you
> (the cost is pretty minimal) - it's easy as - and there are no NZSE rules
> and regulations to protect (or not protect) investors.
> 
> If you're confused don't worry, you're not the only one.  In the following
> article Brain Gaynor talks about the NZSE's spin doctor who got it wrong
> himself in a press release:
> 
> http://www.nzherald.co.nz/storydisplay.cfm?thesection=money&thesubsection=&s
> toryID=940252
> 
> (It's at the end of the article).
> 
> Best Regards
> 
> Ben Dutton
> 
> 
> ----- Original Message -----
> From: "Nick Kearney" <nickk@quicksilver.net.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Sunday, March 10, 2002 3:31 PM
> Subject: Re: [sharechat] Intaz
> 
> 
> > Great...but I thought companies that listed on the secondary board
> > subscribed their shares at .50c for the listing.
> >
> > Is that right?  If so, what is this $1 listing all about?
> >
> > Nk
> > ----- Original Message -----
> > From: "Kevin Young" <youngk@zfree.co.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Sunday, March 10, 2002 11:30 AM
> > Subject: [sharechat] Intaz
> >
> >
> > > l think Intaz should do well. I have read a report which compares Intaz
> > with Software
> > > of Excellence and Keylogix. Intaz compares well with both of them. Intaz
> > appears
> > > to be managed and funded by a group of astute people well known in NZ
> > business circles.
> > > Companies such as IBM and Oracle have described Intaz's product as "best
> > of breed".
> > >
> > >
> > > My only concern is that Intaz will be listed at the end of March on the
> > NZSE New
> > > Market Board rather than the main board. However this is only a small
> > concern.
> > >
> > > The company is trying to raise $10m. $5m from professional investors and
> > $5m from
> > > public float. The professional investors will pay 95c per share plus one
> > free option
> > > for every 3 shares subscribed exercisable at $1 after 12 months. The
> > public offer
> > > is at $1 only.
> > >
> > > This is what you should do. Apply for $150,000 shares as a professional
> > investor
> > > at a cost of $142,500. You will be alloted 150,000 shares and 50,000
> > options. When
> > > Intaz list, dispose of your 150,000 shares (hopefully at $1 or better)
> and
> > keep the
> > > 50,000 options. If the company does well and the share price goes to say
> > $2 after
> > > 12 months, exercise the option pay the $1 and pocket the other $1. If
> the
> > share price
> > > is trading at 75c don't excercise your option.
> > >
> > >
> > > __________________________________________________
> > > Advertise with ZFREE - to find out more click below
> > > http://www.zfree.co.nz/about-us/advert.html
> > >
> >
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> > >
> >
> >
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> 
> 
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