SKG skynetglobal limited

##Maybe something big will happen this week, have heard Soon is...

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    ##Maybe something big will happen this week, have heard Soon is in Malaysia.##

    The whisper is some thing will happen in Mid July (approx 3 weeks).
    If this whisper from the private sector is correct, we are going to be very happy.

    Orion Gateway appears to be looking for a quick way to become a public company.
    One possible way to do this would be to inject a large amount of capital into SKG in return for enough shares to become the contolling shareholder (also know as a reverse take-over).
    If Orion was considering this, it would be in their interests to cap the current shareprice for as long as they can (which is not difficult given the current liquidity of the stock).
    This is all just speculation, but it may be worth having a look at e-pay and doing some numbers. It's possible we could all be share holders of e-pay by the end of August ;-)
    Orion Gateway already owns 13% of SKG and they are rumoured to be going into China in a big way.
    With Revenues coming in from the e-pay operation, it's a fair bet that the planned home-Automation expansion into europe and Asia would be done with ease :-)

    P.s. Note the word "strategic" in the text below.


    SYDNEY 27th July, 2004
    SkyNetGlobal (ASX: SKG), today announced that the company has formed a strategic partnership with Orion Gateway Pty Ltd. Under the terms of the partnership, Orion Gateway will invest $1.6 million in cash into SkyNetGlobal for a 13% strategic stake and in addition provide up to 50% of any funding required to expand W Home into selected countries overseas.

    ABOUT ORION GATEWAY & SIMON LOH
    Orion Gateway is a private investment company own by Simon Loh. Mr Loh, aged 42, is the Founder and Managing Director of e-pay (M) Sdn Bhd, of e-pay Gateway Sdn Bhd and Director of e-pay Indonesia, the No.1 electronic prepaid payment gateway for mobile and internet recharge services in Malaysia and Indonesia. e-pay Malaysia group generates A$200 million in annual revenues and is in the process of expanding its operations across Asia. Mr Loh is also co-founder of e-pay Australia. e-pay Australia has 35% market share of the prepaid payment business for mobile and internet recharge in Australia. For more information please visit e-pay's website at www.e-pay.com.my.
 
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