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OND Overnet Data

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Overnet Data LSE:OND London Ordinary Share GB0031791782 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% - 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Overnet Data Share Discussion Threads

Showing 751 to 774 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
27/1/2004
17:25
StewJames>> We once considered getting our company listed to raise its profile - simplest thing to do was to buy an AIM cash shell (the one I was considering was an engineering company and worth about 200K and its still trading), and then go to the city to raise finance with our proven track record(having given ourselves massive share options). This meant relinquishing some equity(and ultimately control) of the company and we were not prepared to do that(not just yet anyway).

So many reasons why a company may want to get an AIM listing.

The price of £1 per share I quoted you, was a price given to me 3 weeks after the suspension and I am only relaying what has been said. I have given it credibility, as a lot of things that were mentioned then have come to pass since.

When I mentioned to my source that OND were suspended @ 50p I was told I would be "pleasantly surprised" when they eventually returned to the market.

Also, the day before OND was actually suspended Geoff Foster(Daily Mail) has been quoted as saying "Expect these shares to rocket when they come out of suspension" though how he knew they were going to be suspended is anybody's guess. They were 35p when GF made the comment.

Also, a lot of things mentioned about VOS in the same sentence as OND have also come to pass.

TopNotch,

topnotch
27/1/2004
15:03
topnotch, there are not 3M shares in issue, there are just over 9M, with another potential 2M to follow on conversion of the loan from Mascheroni. This company has a massive premium built in for the RTO already. I'd love to meet the two parties who are apparently under consideration so I can ask them why they're interested in reversing into OND in the first place.
stewjames
27/1/2004
14:07
awight all, are you lot still waiting for the punchline
dubberboy
26/1/2004
10:47
topnotch - thanks again. Will register
mclellan
25/1/2004
15:47
Andy>> I believe OND is just a cash shell so its anybody's guess which business wiil reverse into it. I am pretty sure it will be totally unrelated to OND's previous business.

TopNotch,

topnotch
25/1/2004
12:22
Just wondering, is the original technology of overnet data worth any
thing?
Is that why new company wants them, or is it just shell company now?
Any views?
Andy

andy2000
24/1/2004
10:20
mclellan >> you should really check out my site - we get some very knowledable posters there, just register(for free) on the site and visit the UK forums - told peeps about NSB on Wed and yesterday it was up 25%, my sources say there are several buy notes imminent with a target price of 40p, others highlighted RPT earlier this week and yesterday it was up 50%, and a lot of peeps are following ZIM as well, so well worth keeping any eye on the board even if you don't want to register.

TopNotch,

topnotch
23/1/2004
23:04
topnotch- Thanks for that- in mourning today over Zoo Digital!
mclellan
23/1/2004
11:44
mclellan >> I understand a 'document of intention' has to be released first which needs to be approved by the shareholders - so I guess they will need to be an EGM to get the approval.

TopNotch,

topnotch
22/1/2004
15:51
topnotch- thanks for your reply. Sounds too good to be true that the shareholders might get a decent deal out of the whole business. I was just glad that Knifton was there at the end of the phone rather than sunning himself in
exotic climes! I hate having cash tied up for so long,not by my own choice. However, out of my control- don't see why it is taking so long. Must there be an egm before suspension is lifted?
IBNET was suspended for a while, came back to the market as DealGroupMedia about the same price, sulked for a while and has now gone up 50%.

mclellan
22/1/2004
11:36
topnotch - your figures still ignore the fact that the vendors of the new company will want payment.
They will want either cash(probably generated from placing large numbers of shares which will dilute your holding) or a large percentage of the equity(which again means more shares issued diluting your holding).

Your figures value the shell at around £3mln which is crazy.
The only reason to reverse into a shell is that it is sometimes cheaper than admission and that they have existing shareholders who may participate in a rights/placing to generate funds.

All IMHO & DYOR

Rgds
dell

dell314
22/1/2004
11:05
a) The release of the document for shareholders approval was supposed to have been in early Jan this year, followed by the shares coming out of suspension following an egm, at a future date determined by the egm.

The document has been delayed, so I can only assume its not going to be for a few weeks yet, coupled by the need for an egm highlighted in the document means that the egm will have to take place a few weeks after the release of the document. The shares can be un-suspended shortly after that but it all adds to the time constraints.

b) There were approx 3M shares issued at the time of suspension, unless new shares are to be issued. That would put the reversing companies value @ £1.5M, I have heard various 'rumours' that the value of the company doing the reversing is more likely to be £3M - thus each share would be £1, unless of course there is a massive share dilution.

I vist this BB on an irregular basis, you will get a much more prompt reply at the following website.

TopNotch,

topnotch
22/1/2004
10:10
topnotch- did you speak to Knifton? I spoke to him last week and he didn't give any indication that it was going to be that long a suspension.
mclellan
22/1/2004
09:30
topnotch- sorry to press the point but where did you get the information from that a) the suspension is going to be for months more
b) the post-suspension price was supposed to be at 100p, which is double
the suspension price

mclellan
21/1/2004
11:42
As far as I'm aware K&W are'Still considering' their options of which company will be used to reverse into OND, they will be issuing a document of their intentions which originally was supposed to have been in early January of this year and which has now been put back, and the suspension is not going to be lifted 'for a few months' yet. But the original reverse vehicle was expected to have given OND a post-suspension price of 100p, now its debatable what is going to happen.

As for VOS, I have it on good authority that it will be reversed into but not just yet. The share price is toooooo low and originally it was to have been suspended @ 3p and then a share consolidation of 1-100 was supposed to have happened. The shares were then expected to have been suspended @ £3 prior to the RTO and then opened up post-suspension at £15.

All my own research and speculation, make of it what you will
TopNotch,

topnotch
21/1/2004
11:24
i think the punchline will be delivered soon
dubberboy
19/1/2004
09:16
Topnotch,
What evidence do you have that it is not going to happen for a few months yet?

mclellan
16/1/2004
15:38
topnotch - I doubt if you will get a copy of PME's performance as they had their fun and games after suspension. OND had theirs before.

I'd be very surprised if any of the deals for the three companies(OND,VOS,PME)are announced for a while, as there is more scope for ramping PMG and VOS whilst the OND factor is unknown.

Don't forget that K&W doubled their money roughly with OND, although it appears that some of their cronies did better. K&W effectively sold out at 10p per share.

The rise afterwards was hopefuls buying in on rumours.
Probably the same people who buy lottery tickets IMO.

I think we're all waiting to find out if K&W are shrewd businessmen or merely sharp operators...

Rgds
dell
All IMO
DYOR etc.

dell314
16/1/2004
15:18
BTW do have a look at www.addicted2shares.co.uk for curiousity sake if nothing else - It's not as confrontational as some BBS I could mention
topnotch
16/1/2004
15:14
dell314 >> wasn't trying to avoid the question - just hoping from BBS to BBS to see what's going, so tend not to post on all of them.
topnotch
16/1/2004
15:12
dell314>>Its more likely to be a payment to the existing owners possible thru the issue of a considerable number of new shares. Hard to tell what the payments will be as we don't know how big the company is thats doing the reversing but I suspect Messrs Knifton & Weller are not gonna give it away. It also now seems that its not gonna happen for a few months yet, and they are still 'considering their options'. As they are also handling VOS, I suspect if the existing owner of OND get greedy they'll simply tell the reversing company to go to VOS instead, and look for an alternative instead.

All the announcements have, I suspect, deliberately been vague to allow them as much flexibilty as possible. But, having spoken to them before XMas, much of what they said is like to happen to VOS, did in fact happen so I'm kinda hoping we have a pleasent surprise with OND. All I'm going by is whats happened to PME and hoping these guys know what they're doing. I bought in as a punt the week-end before they were suspended, and now its become a medium term hold..

Hoping for good things but prepared for the worst.

topnotch
16/1/2004
09:13
dell314,
None taken!

mclellan
16/1/2004
09:11
topnotch - why would anyone want to converse some more with you, when you haven't even answered questions already asked of you?

I repeat:
Do you consider it likely that a company will just reverse in, with no payment to the existing owners?

If you do consider that unlikely, how do you think OND will pay for the company that reverses into the shell and what effect will that have on existing holders?

Rgds
dell

dell314
16/1/2004
09:03
mclellan >> That would make you a 'chapess' - still feel confident about OND though I suspect it'll do a PME: Everyone bails out as soon as it comes out of suspension, only for the everyone to pile back in (hopefully at a higher price) when they realise there is a profitable business there after all - though not the business that they had originally bought in for.

All IMHO

topnotch
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older

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