ETC entertainment media & telecoms corporation limited

someone getting rid of them, page-10

  1. 4,504 Posts.
    forevertold You've probably seen this before but here's an email from ETC a got a few days ago and this is the reason WHY I am holding and WHY I believe patience in this stock will be rewarded......sure I'm definately NOT happy with the performance lately but not much I can do about that can I. Anyway check it out mate.

    Dear Mr...........,

    With reference to your email communications of today, thank you for taking the time to communicate your concerns to EMT.

    The executive have reviewed this information and are happy to advise you that the company has no concern over the current trading activity.

    EMT is on track to close it's acquisition of GalaVu as previously announced, and Hotel properties acquired from Verizon Select Services as also previously announced are live and already producing revenues for the group.

    Prior to Christmas a non-executive director did sell a number of shares, and at present we are not in a position to offer any further information as to that activity.

    EMT has a number of shareholders that have huge holding in the business, and we can not attempt to unduly influence any decision that may be made by shareholders to trade out of their interests in ETC shares.

    It is recognised there has been a period of time lapse between announcements made in the latter half of 2004 and new announcements for 2005, prior to the business year commencing in ernest following the holiday season.

    Further information from EMT is pending and as indicated in the Chairmans report at the AGM, is anticipated to be of a positive nature.

    Regards,

 
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Currently unlisted public company.

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