Inova Share Discussion Threads

[argy2] 25/4/2001 09:16

Personally I would be inclined to put an order in with your broker to buy at no more than 6p or wait and see if they drift back a little during May and try and buy nearer 5p.Seems to be no rush in this market.

Good luck ARGY2

[bari] 25/4/2001 08:52

so is this a good time to buy , & wait ???????

[argy2] 25/4/2001 07:19

Ironically,14 months ago this deal would have done wonders for this stock.How times have changed.As CTB says one to sit on and wait.

Good luck ARGY2

[citytraderboy] 24/4/2001 23:46

I like it !

However , it's probably a 2 year hold - therefore no good
for your day traders !

Sit and wait and value will come through !

Good Luck all INA fans !

[argy2] 24/4/2001 21:00

Share price move and number of shares traded should answer that.

[mi££ions] 24/4/2001 19:59

What does it all mean? Have any respected professional analysts looked at this and given an opinion?

Thanks in advance,
mi££ions (eventually, with any luck!)

[citytraderboy] 24/4/2001 19:26

RNS Number:5561C
Alternative Investment Market
24 April 2001


ANNOUNCEMENT TO BE MADE BY PROSPECTIVE AIM COMPANY AT LEAST 10 BUSINESS DAYS
PRIOR TO ADMISSION

COMPANY NAME: Internetaction.com plc (to be renamed Intelliplus Group plc)

COUNTRY OF INCORPORATION: England and Wales

COMPANY BUSINESS: Intelliplus is a licensed telecoms operator and an internet
service provider and it operates a proprietary unified messaging platform. It
offers a range of telephony services as well as a direct invoicing service.

DETAILS OF SECURITIES TO BE ADMITTED (ie, where known, number of shares,
nominal value and issue price):

443,607,341 shares to be admitted at a nominal value of 1p per share and an
issue price of 5p per share.

CAPITAL TO BE RAISED ON ADMISSION: #350,000

FULL NAMES AND FUNCTIONS OF DIRECTORS, INCLUDING SHADOW AND PROPOSED DIRECTORS:

Current directors of Internetaction.com plc:

David Ian Rehbinder Bruce - Non-executive Chairman*

Andrew David Balcombe - Chief Executive Director*

Peter Michael Ian Catto - Executive Director

Gerald William Russell - Non-executive Director*

* will resign on admission

Proposed directors:

Peter Michael Ian Catto - Proposed Non-executive Chairman

Nigel Tatlock - Proposed Managing Director

Inil (known as Alan) Abraham - Proposed Executive Director

Robert Schneiderman - Proposed Finance Director

Michael Neville - Proposed Non-executive Director

Laurence Brass - Proposed Non-executive Director


PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A
PERCENTAGE OF THE ISSUED SHARE CAPITAL:

Position as at Admission

Name % Holding

Alan Abraham 70.18

Nigel Tatlock 17.55

Alandi Investments Limited 4.90


NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE
TWO (g):

Issues of shares to the vendors of Intelliplus Holdings plc:

Name Shares Value at placing price

Alan Abraham 311,337,350 15,566,868

Nigel Tatlock 77,834,337 3,891,717

Laurence Brass 2,114,759 105,738

Michael Neville 2,114,759 105,738

Robert Schneiderman 2,114,759 105,738

Alandi Investments Limited 21,750,703 1,087,535

Garnham & Co. Limited are to be paid a fee of 1.5% of the value of the
consideration shares being #312,500, such fee to be satisfied by the issue of
ordinary shares on completion of the acquisition at the issue price.


NAME AND ADDRESS OF NOMINATED ADVISER:

Grant Thornton

Grant Thornton House

Melton Street

Euston Square

London

NW1 2EP


NAME AND ADDRESS OF BROKER:

Insinger Townsley

44 Worship Street

London EC2A 2JT

LOCATION OF ADDRESS AT WHICH ADMISSION DOCUMENT IS AVAILABLE AT TIME OF
ADMISSION WHICH ALONE CONTAINS FULL DETAILS OF THE COMPANY AND OF ITS
SECURITIES:

Grant Thornton

Grant Thornton House

Melton Street

Euston Square

London

NW1 2EP

DATE OF NOTIFICATION: 24 April 2001

NEW/ UPDATE: New

[citytraderboy] 24/4/2001 19:24

LONDON (AFX) - Internetaction.com PLC said it is to buy Intelliplus Holdings
PLC for approximately 21 mln stg which, because of the size and the relative
value of Intelliplus, will be a reverse takeover.
Payment comprises the issue of 416.667 mln shares to Intelliplus
shareholders and, on completion of the deal, the current members of
Intelliplus's board will join the board of Internetaction and the current
members of Internetaction's board will resign -- other than Peter Catto who will
become the company's new non-executive chairman.
Internetaction also said it proposes to raise 350,000 stg towards the
expenses of the acquisition via a placing of its shares at 5 pence per share.
Internetaction said that, in the 9 months ended Dec 31, Intelliplus had a
pretax profit of 440,000 stg off turnover of 8.3 mln.
ob


For more information and to contact AFX: www.afxnews.com and www.afxpress.com

[citytraderboy] 24/4/2001 19:17

RNS Number:5195C
Internetaction.com PLC
24 April 2001

Internetaction.com plc



For immediate release



Internetaction.com plc ("Internetaction" or the "Company")



Proposed acquisition of Intelliplus Holdings plc ("Intelliplus")





Internetaction announces today that the Company has conditionally agreed to
acquire the entire issued share capital of Intelliplus for a consideration to
be satisfied by the issue of 416,666,667 consideration shares to the
shareholders of Intelliplus. The consideration shares represent approximately
94 per cent. of the issued ordinary share capital of the Company as enlarged
by the acquisition and the placing described below, and value Intelliplus at
approximately #21 million on the basis of the value of Internetaction shares
at 5p, the price applicable to the placing described below.



Intelliplus, which commenced trading in April 2000, is a licensed telecoms
operator providing a wide range of telephony and billing services to the
corporate market. In the nine months ended 31 December 2000 Intelliplus
achieved a turnover of approximately #8.3 million and net profit before tax of
approximately #440,000. This turnover was achieved by providing conventional
telephony and Internet based communications services.



The Company is also proposing to raise #350,000 towards the expenses of the
acquisition by way of a placing of ordinary shares of the Company at 5p per
share.



On completion of the acquisition the current members of the board of
Intelliplus will join the board of Internetaction and the current members of
the board of Internetaction will resign, other than Peter Catto who will
become the Company's new Non-Executive Chairman. The new executive directors
will be Nigel Tatlock, Inil (known as Alan) Abraham and Robert Schneiderman.
The new non-executive directors will be Michael Neville and Laurence Brass.



By reason of the size and the relative value of Intelliplus, the acquisition
is a reverse takeover and therefore requires the approval of shareholders. An
Extraordinary General Meeting of the Company has been convened for this
purpose to be held on 18 May 2001. To reflect the change in the Company's
business, a resolution to change the name to Intelliplus Group plc will also
be proposed at the meeting.



A circular to shareholders, which also comprises an admission document in
accordance with the rules of AIM, is being posted to shareholders today. This
circular contains, inter alia, full information regarding the proposed new
directors and their service contracts and an accountants' report on
Intelliplus.



Copies of this document are available to the public, free of charge, at the
offices of Grant Thornton, Melton Street, Euston Square, London NW1 2EP,
during normal business hours on any weekday (public holidays excepted) from
the date of this document until 14 days from the date on which the Ordinary
Shares are admitted to trading on AIM.



Dated: 24 April 2001



Contacts:



Peter Catto (Internetaction) 020 7262 6445

Alan Abraham (Intelliplus) 0845 055 3344

Brian Moritz (Grant Thornton - Nominated Advisers) 020 7383 5100

[citytraderboy] 12/3/2001 22:37

Why start a new thread ?

[citytraderboy] 12/3/2001 00:27

Trying the oddsPROPAN Homes soared when it moved from Ofex to Aim, testing 30p after rival Artisan bought a third of its £3m placing at 14p. Whatever might be Artisan's agenda, I could not see why people were rushing to buy at over twice the price set for an exchange of shares just days before. Perhaps the current shortage of racing means that gambling energies are being diverted to stocks. No bad thing! Among small caps, better valuations facilitate capital raising for expansion, ultimately creating jobs. The odds of Artisan bidding for Propan are a complete guess. If you want a small cap punt with the likelihood of an outcome fairly soon, consider a flutter on Internetaction.com at 7.5p. A cynic might describe it as the only honest internet stock left: its £1m market value amounts to its quote for a reverse takeover, some cash and the prospect of an event. On January 31 the board announced that "discussions are at an advanced stage to acquire a profitable telecommunications company and your directors expect to communicate further information about this potential acquisition in the near future". Nothing is guaranteed in the stockmarket, but such words would not be used without fair probability of an outcome. Investigations last month suggested that the target company is in seven figure profits with a bullish agenda. Internetaction.com's directors would resign in favour of a new board. Shells are punting turf. One can buy into a series of them and await events or be conservative and examine the details when announced. Yet the price may jump and one misses "rights" to buy shares at a discount. Internetaction.com will need to issue sizeable shares to fund a deal. The betting psychology relishes uncertainty, yet it demands an outcome, in reasonable time, with money-making potential. Who knows, if the deal happens a renamed Internetaction.com may develop worthwhile investment criteria. There's the gamble.

[citytraderboy] 11/3/2001 11:48

www.sunday-telegraph.co.uk

[citytraderboy] 11/3/2001 11:44

Covered in todays Sunday Telegraph [Edmond Jackson article].

From what he says it looks extremely encouraging !

I've seen [I think on another B.B.] that by the end of the month
we should all have our documents for the deal.

Anyone out there know any more ?

[fingers crossed] 06/3/2001 13:51

No idea .
Financial Year ends in March, might hear something then.

[argy2] 28/2/2001 09:33

Thought you were supposed to be the guru on this one?When's that deal?

[citytraderboy] 28/2/2001 09:15

Anyone know when any news is due ?

[citytraderboy] 28/2/2001 09:14

Anyone know when news is due ?

[fingers crossed] 28/2/2001 09:08

As Kuai Tong said

Let not the opportunity pass, for it may not return

[bari] 22/2/2001 15:13

why worry , just wait your turn , it will rise & when it , you will smile .

[fingers crossed] 22/2/2001 13:11

Just dropped to 8.5 and getting worried.

[fingers crossed] 19/2/2001 09:25

Found Some info on
I think the company is in a situation that things can only get better.
More employees e.t.c
Could someone do me a favour and give me another opinion on the figures shown.

[citytraderboy] 16/2/2001 09:58

You got it !

[bari] 16/2/2001 09:54

what are you saying , a good time to buy

[citytraderboy] 16/2/2001 09:35

No , see my previous posting !