IT Capital battles on

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.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

BRW - FY26 Half Year Results Announcement
February 25th Morning Report
Genesis completes NZ$100m Placement
MCY - Invests heavily in renewables; delivers strong performance
PFI Announces Interim Results
February 24th Morning Report
THL - FY26 Interim Results: underlying NPAT up 11%, 3cps dividend
FPH updates FY26 revenue and earnings guidance
February 23rd Morning Report
February 20th Morning Report