poor minority holders, page-9

re: why price will tank PWT now has the associated Roslyndale documents on their site so I suggest any of you even remotely interested in the sector should take some time to pick up some clues about the prospects of UEC, SOT and AMM.

http://www.powertel.com.au/SS_Content/News/20030603154244.htm

But it amazes me that ASIC allowed the independent expert's report to get through as it is clearly trying to hide the truth from shareholders.

Every shareholder would be interested in the impact of this saga on PWT's share price, but the report deliberately tries to avoid that key factor.

For example it values PWT currently at between$17.5m and $41.5m. Hoping the reader can't be bothered calculating the equivalent share price.

That's because that share price range is 2.0 - 4.8 cents!

The low figure is absurd particularly when you consider PWT's "sustainable" 52-week low is above 5.

Now Roslyndale is trying to pick up a massive swag of PWT @2.44 cents. Blatantly unfair to other shareholders.

How could the expert not conclude this?


Now whether you value PWT at 3 or 4 or 5 or 6 it's obvious that the 2.44 gambit will drive that valuation down much further.

So PWT's current price ~9 is a sick joke and should fall much much further as people start making the calculations the expert avoided.

Unless of course the whole proposal fails.


Note that contrary to what PWT intially suggested, the rights issue is the final link in the transaction chain, hence a red herring.