DFT datafast telecommunications limited

major holder forced to sell 11.37%, page-3

  1. 2,572 Posts.
    The story goes that the company in question, Silknet, is a holiding vehicle for the Ehrenfeld family's stake in DFT that was aquired by the vending in of their ISP Eftel into Datafast.
    A major family dispute resulted in a stalemate over the control of Silknet and therefore a major block of DFT votes, potentially threatening the DFT board structure.
    The liquidation of Silknet therefore is really just a breakup of a family trust and actually should benefit DFT in that it will remove any uncertainty in the boardroom.
    The same whispers contend that the speed-bumps that appeared in the Chariot deal were substantially caused by the party who is being excomunicated from the family trust & if this is correct the Chariot deal may yet be done.
    Perhaps that's why there has been little reaction in the shareprice ?
 
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Currently unlisted public company.

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