euronet will support the float

This is how I see it..............back in November 2003 Euronet bought e-pay-UK........e-pay-Australia and 40% of e-pay-Malaysia.
Over the last 20 months Euronet has become a very profitable company.
Euronet would love to gain a higher percentage of e-pay Malaysia and perhaps would have an eye for buying the entire operation in the future.

SKG are seeking an intial $2.5 million (part of the $20 million raising) followed by a further $17.5 million to close the deal, Euronet would easily put up the $2.5 million and would also be keen to get some of the $17.5 million float, because Asia is a massive market.

whilst these shares may come at a discount, it is very likely that the buyer will have a long term out-look, rather than sell them for short term gain.

After the Russian deal fell through, the market has no confidence in the SKG management.
This will change once the transition takes place, and hopefully confidence will be restored when the first $2.5 million is raised, because it will signal that the entity putting up the cash has done their home work.

The bottom line is this "Euronet will support the float" and SKG will still hold their current assets.........with a big brother company to support them, the home automation model would enjoy continuous support if they chose to do so.

I'm looking forward to this being finalised on December 5th for two reasons:
(1) the chart will change direction.
(2) Bazzaroid will be reporting new highs ;-)

Tex.