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[sharechat] SNX to pay 90 cents a share?

From: "Harold Skinner" <>
Date: Wed, 22 Jan 2003 21:12:55 +1100

This is not a buy reccomendation (I did that at 82 cents)
They have about $1:40 a share and are now in profit making mode so they either need to give cash back or aquire profit making assets
The Directors of SecureNet Limited today received formal notice from
a group of shareholders holding in excess of 5% of SecureNet's issued
shares, as required by Section 249D of the Corporations Act, to call
a general meeting of all shareholders. The proposed ordinary
resolution from this shareholder group is for shareholders to vote on
a A$68 million or A$0.90 per share capital return to all

The Directors of SecureNet intend to call a meeting within 21 days.
The meeting will be held within 60 days of receiving this notice. The
company will provide further details of the proposed ordinary
resolution as well as the Board's formal response to the proposed
ordinary resolution in due course.

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