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Member
Diligent Boardbooks IPO
Is anyone familiar with this company which plans a $20m NZ issue for 20% of the stock capitalising it at $100m?
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Junior Member
Quite familiar with this IPO.
Assumes very high sales growth, and valuation based on high multiples which the company has yet to achieve.
Highly overvalued IMO.
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They're thinking if Xero can do it, so can we.
warthog ... muddy and smelly
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Spoke to a few friends of mine in the IT industry about this company and its products. The Dr will not participate in this IPO.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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Member
Prospectus
http://www.mcdouallstuart.co.nz/Docu...s/diligent.pdf
7MB - hmm I may have to utilise the slightly faster internet connection at uni to download this (damn woosh!)
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Junior Member
DIL - First day of trading ...
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Originally Posted by soltrader
was today.
Comments?
According to the newspapers the IPO was over-subscribed.......... twice. Then the SP drops to $.95 cents on day one.
There must be some kind of word on the street in Christchurch as I cannot think why investors would want to throw their money at a Dot Com start up company when there are blue chip stocks currently on the market at discount prices.
Dot Com.... been there and done that. Not for me.
Good luck to all involved.
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Junior Member
http://www.sharechat.co.nz/news/scne...e.php/53a97776
Had to laugh at Weldon flying to NY to "woo" this scamer ,funny how no one seemed to remember this guy and his antics with other peoples money:mad:
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Dont touch this one. For all the reasons listed above.
Buy some PRC or BOW or VPE.
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Diligent Board Member Services, Inc.
Brian Henry wishes to state that, with the benefit of hindsight, he regrets not having disclosed his relationship with EnergyCorp, and its receivership in the 1980s, which resulted in his subsequent bankruptcy. Brian Henry has therefore offered to resign his role as CEO of Diligent Board Member Services, Inc., (DBMS), to the Board of Directors, which the Board has accepted.
The Board has appointed Alex Sodi, the current President, to take on the role of President & CEO, with immediate effect. Alex Sodi graduated as a Bachelor of Science in Management Science from the University of California at San Diego. Alex Sodi has been President of DBMS and its predecessor companies since 2002 and, since 2001 has led the development of Diligent Boardbooks.
The Board would like to thank Brian Henry for the considerable amount of hard work and enthusiasm that he has put in to founding, developing and selling Diligent Boardbooks. In view of this, and Brian's recognized sales skills, leadership qualities and experience, the Board invited Brian Henry to remain on the Board and to take on the role of Global Sales Director thereby concentrating his considerable sales skills and ability where they will have most benefit to the shareholders. Brian Henry has accepted the role.
The Board will announce the latest confirmed licence sales figures by Tuesday, 18th December, 2007.
Issued on behalf of the Board of Directors, Diligent Board Member Services, Inc.
For further information, please contact Mark Russell, Independent Director, at Buddle Findlay, PO Box 322, Christchurch, New Zealand, ph: 03 371 3505
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