trading halt, page-9

re: trading halt receivers appointed Hmmm. Looks like trading insolvent maybe? I only say that because of the comments above re receivers and the fact that the announcement is signed Senior Companies Advisor rather than an officer of the company. Otherwise it could be good news the way they have announced it.

This company have a case to answer for systematically misleading shareholders.


Trading Halt

Document date: Mon 12 May 2003 Published: Mon 12 May 2003 09:32:42
Document No: 152806 Document part: A
Market Flag: Y
Classification: Trading Halt
QUADTEL LIMITED 2003-05-12 ASX-SIGNAL-G

HOMEX - Brisbane

+++++++++++++++++++++++++
ASX MARKET RELEASE

The securities of Quadtel Limited (the "Company") will be placed in pre-open at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 14 May 2003 or when the announcement is released to the market.

Security Code: QTL

M Grundy
SENIOR COMPANIES ADVISOR