amcom

Seems to be of little interest to everyone now. I feel the volume of recent days is as a result of one of the directors taking advantage of the current share price & a repositioning of board power/squeeze. ABM AMRO/Dooley I think, more than likely we will see soon enough. Looks like IP1 will be likely sold to telstra for around 40million should the accc not object based on smaller telco monopoly concerns. There is also a chance that Amcom could be in the sniff for IP1 but would have to seek shareholder approval for a capital raising & further dilution, this was intimated but not likely to succeed. Given current SWT shareprice and the hype surrounding them by comparison amm shareprice should be 30-40c.