Future Mobility Solutions - FMS [was Sealegs - SLG]

[Greyhound]

I think Mr McKee-Wright is right into this project.Look at the way they're promoting it,-attending boatshows in every corner of the world,record attempts and a very good 'trailor' on their website.No guareentes of success,but a failure won,t be throgh lack of trying.I'ld sooner be in( I am),than out.

[melsmith90210]

I think one needs to look at the underlying position of this Company....the history of this shares life leaves a lot to be desired though as any fund manager will tell you "Past performance is no indication of future performance".

They are selling a product....all be it not that many, that is incredibly expensive for what it is and appeals to a very small market and will be expensive to market offshore regardless of the strong $. Living offshore this company has never been mentioned unlike Gibbs car/boat which Branson got hold of.

As the companies that have gone before this one.....avoid at all costs...and I will. I can't access my Bloomburg at the moment maybe someone can enlighten me to who the key shareholders now are.....excluding the MW's and MM, are there any Institutions?

[Steve]

Does SLG have more than the 1 product? Did they get rid of their previous forays?

[rmbbrave]

Sales have topped $1m - at $98,000 a pop apparently they have sold 14 (11 in NZ)

Halstead is right when he describes the Sealegs amphibious boat concept as being "ideal for the new waterfront Palm Islands, Jumeirah and Jebel Aliblah, developments in Dubai".

The Palm is pretty impressive. Check it out at http://www.thepalm.ae/

It also costs a fortune to live there and many of the inhabitants have got more money than sense (David Beckham has a house there) so some of them might be willing to buy a sealegs boat for 3 times the price of a good car.



27 Jan 2005 01:09
GENERAL: SLG: Sealegs Tops $1 Million in Sales

Sealegs International Limited today announced that sales of its innovative
amphibious boats have topped $1 million.

Sealegs CEO, David McKee Wright, describes the sales results "as most
encouraging, bearing in mind our first amphibious boat was only delivered in
May 2004".

"We are now beginning to see production efficiencies which will flow through
into the 2005 year," he says. In the nine months to the end of December 2004,
Sealegs had delivered 14 of its 5.6m amphibious runabouts, 3 of those
offshore, worth a total sales value of over $1 million.

As part of its international sales expansion plans, Sealegs also announced
the appointment of Dubai based X-Press International Limited as the Sealegs
amphibious boat distributor for the Middle East.

X-Press International Limited''s CEO, Mr Andrew Halstead, describes the
Sealegs amphibious boat concept as being "ideal for the new waterfront Palm
Islands, Jumeirah and Jebel Aliblah, developments in Dubai".

X-Press International Limited will launch the Sealegs amphibious boats into
the region at the Dubai International Boat Show in March 2005.

Mr McKee Wright says Sealegs is looking forward to releasing its product to
the Middle East market. "There is a large sales opportunity for Sealegs
boats, both in the United Arab Emirates and surrounding regions, and we are
pleased to have appointed X-Press International Limited as our Middle East
distributor", he says.

[melsmith90210]

Well good luck to them is all I can say.....

To all the shareholders of this company though my thoughs:

Remember Iddison (I think I may have the spelling wrong) which it was before IT Capital and then this SLG. The people who made the money were the ones who were in early and then didn't get greedy and got out....I should know I was in ITC at $0.06 and out 4 odd months later at $1.04 while people were still throwing money at the dead beast. If it moves up go with it but at least set an exit strategy....and don't follow it all the way down if it starts to die GET OUT!!!

[shasta]

Well said MS90210.

I was trading in this under the ITC guise, but wasn't too happy with the letter i received from the Securities Comission - vowed never to actively trade in "penny dreadfuls" again.

To those with SLG holdings - watch the related party transactions closely & beware!

Disc: Ex ITC/SLG shareholder

[rotsevni]

Thanks for your helpful comments and background. For what it's worth, I don't intend going down with the ship (if indeed that were to happen). And whether its less well known than the Aquada, that doesn't bother me either (that sort of publicity costs Megabucks). It could be a sack of spuds for all I care, as long as the trend keeps going up, I'll stay with it. So far, the trend is steep (about 10% per month) and looks solid since September(confirmed by support last month), OBV going up, DMI and other indicators all very supportive.

[rmbbrave]

21 Feb 2005 11:51
GENERAL: SLG: Sealegs Appoints UK Distributor

Sealegs International Limited has today announced that it has appointed
Amphibious (UK) Ltd as the Sealegs amphibious boat distributor in the United
Kingdom.

Amphibious (UK) Ltd CEO, Mr Nicholas Fox, describes Sealegs amphibious boats
as "offering a unique solution for the tidal harbours and beaches in the UK".

Amphibious (UK) Ltd has purchased a demonstration Sealegs amphibious RIB, in
time for the UK summer season and will attend the major UK boat shows showing
the Sealegs concept.

The UK shows that Sealegs will be exhibited at include the Southampton Boat
Show and the London International Boat Show.

Sealegs CEO Mr David McKee Wright said, "We are very pleased in appointing
Amphibious (UK) Ltd as our United Kingdom distributor. There is a large
sales opportunity for Sealegs boats within the UK and this distributor
appointment furthers our international expansion".

Amphibious (UK) Ltd is based in London, England.
End CA:00111716 For:SLG Type:GENERAL Time:2005-02-21:11:51:24

[rmbbrave]

17 Feb 2005 03:51
ALLOT: SLG: Sealegs Issue New Shares

Listed marine company, Sealegs Corporation Limited (NZX:SLG), has announced
that by directors resolution it has today issued, for cash, 200,000 new
ordinary shares at $0.36 per share. This takes the total number of ordinary
shares on issue to 42,459,220 with this issue being 0.005% of the total
class.

The issue is to assist funding in international marketing and distribution
development.
End CA:00111595 For:SLG Type:ALLOT Time:2005-02-17:15:51:37

[rmbbrave]

"I have been following SLG closely over the passed few months since they begun selling boats to international distributors, and showing them off at boat shows. The price has generally been going up (though not recently) as has the number of boat shows, there will be 5 boat shows this month alone.

The volume traded is usually low, just a few thousand dollars a day. However today, a couple of trades adding up to around $300K occured at 36c. There have been no announcements, does anyone know whats going on and why the price has come down recently?"


I imagine the SP has fallen to .36 because they issued 200,000 new shares at .36.

They issued the shares to get some cash to attend all those boat shows. Here is the Dubai boat show stand costs...

http://www.boatshow.dwtc.com/info/index.html

This may be the last throw of the dice for SLG. If the money they have invested in attending boat shows isn't repayed with orders they may go under or at the very least they will find out that they have a product that just won't sell as $98,000 a pop.