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
Rio Tinto decision following strategic review of Tiwai
Contact says smelter closure is ‘disappointing’
South Port (SPN) Statement on NZAS Tiwai Point Aluminium Smelter Closure
Rio Tinto announcement on Tiwai Aluminium Smelter
Me Today announces equity raising to accelerate growth
Scott Technology Trading Update; Rising to the COVID Challenge
New non-binding indicative offer received from apvg, shareholder meeting deferred
U.S. Added 4.8 Million Jobs in June as Reopened Businesses Rehired
Auditors have a duty to be alert to fraud
Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19