By Duncan Bridgman
Friday 4th July 2003
|Text too small?|
However, Power Beat is pressing ahead with another claim for the return of the 34% of DIV that it sold to IT Capital in May 2000.
IT Capital Shares were untraded at press time yesterday but traded previously at 1.2c.
In November 2000, when Stephen Tindall and IT Capital invested $2.5 million to raise their DVI stakes from 40% to 41.8%, the share price was 23c.
Power Beat has been ordered to pay costs of $22,500 plus disbursements to DVI as a result of the injunction application being dismissed.
No comments yet
12th November 2019 Morning Report
MARKET CLOSE: NZ shares gain, retirement villages buoyed by Auckland housing market bounce
NZ dollar rises, shrugging off US-China trade war woes
Long-serving ACC investment chief calls it a day
Institutional investors continue to shun Fonterra
Card spending stalls; dearer petrol crowds out other goods
Abano directors cave to takeover by scheme of arrangement
Fletcher dismisses subcontractor claims as vague
11th November 2019 Morning Report
Odds favour a rate cut but it's a line ball call