Forum Archive Index - May 2002

["Herbert Ramsay" <herbertramsay@hotmail.com>]

Avoid like the plague - I don't trust companies listed on the secondary sharemarket - its wild west territory with no sheriff in sight - just look at Wilson Neill and companies like A2 Corporation which promised much but have so far delivered little as reflected in its share price - wasn't A2 Corporation planning to list on the main sharemarket at one stage? Also a "company" called Phonecard Traders International was listed on the secondary sharemarket for a little while before it went belly up - I had some free shares in Phonecard Traders International because I bought some "investment" phonecards. EstarOnline was also planning to list on the main sharemarket just before the technology crash happened - there's an Australian company called Estar Online - you're probably better off investing in that! The secondary sharemarket doesn't have enough regulations - companies listed on it can get away with murder - just look at Wilson Neill.

>From: "John Wedde"

>Reply-To: sharechat@sharechat.co.nz

>To:

>Subject: [sharechat] EStarOnline

>Date: Fri, 03 May 2002 10:41:56 +1200

>

>Any thoughts on the rights issue from this "unlisted, 2nd board"

>company?

>

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