INE

[Ivan]

HI everyone,

I bought INE yesterday morning at 64c, today they are 6.4c !!!
90% down in less than 24 hours because apparently shareholders voted yesterday to wind up the company.

Anyone else in the same boat ?  Can anyone make a wild guess as to if I've lost nearly 100% of the position or should I expect to get a cheque at some stage for something ?

I guess it would be too much to expect a trading halt prior to "share price sensitive" issues such as this.....


regards
Ivan

[Dietmar Kahles]

Apparently there is a 90% capital return planned which at this stage is estimated at about 64c per share. Funds are expected to be returned to shareholders by 31 August.

[Ivan]

thanks for the Reply  Dietmar,

and since I bought the shares only a matter of hours prior to the announcement, I really hope those share registries work to the minute as far as figuring out who had shares at the time.....

[Brenda]

I was lucky enough to have a sharebroker (E-Trade) who rang to say they were pulling all the Buy orders and was I okay with that? - thank you, I was! Saved me heaps!