ecp to get hammered, page-13

Jon1 you are truely talking out of your a r s e - have you even read the ECP offer - the independant committe one of who stands to gain over $954,000 from her employee options and have a vested interest in seeing a low share price, had to report a pre profit valuation of 0.45 - 0.47 again, the Wizard valuation is INCORRECT. The KPMG report place no value on the profits of ECP and now that the Hotmail next gen is on hold the capital needed for that can now flow back to holders.

ECP has $150,000,000 in the bank - thats OUR money. Our Capital. Why would you suggest that we give it to Packer ? The employees have options that are peformanced based and are designed to encourage the building of the company to enhanse values. Daniel Petre's outstanding employee options and Alison Deans options are WELL OUT of the money if converted today - yet, on the takeover being sucessful they each get a huge wad of cash!

So supply and demand ? well if ecp is now profitable and this offer does not get up ( which it wont ) people are taking stakes at 0.55 and 0.54 knowing that the low valuation of KPMG is 0.455 and 0.477. If ECP cannot find suitable internet options to put our capital to use then they have two options as I see it which are better for all holders.

1. Buy Back capital
2. Dividend to holders.

Either way that puts a floor under the share price at these levels.

Its OBVIOUS that you have a vested interest in seeing the minorities being mopped up - otherwise why post ?

Singas.


You probably don't even have a holding.