EBTMobile--overlooked so far another chinese star
(EBT)
moneyplus
- 06 Mar 2006 16:43
I bought into these today after reading a good trading statement and results due very soon. 3 institutions on board-figures up 70% on last year so far so I expect good results. Floated Sept 05 and it is called the carphone warehouse of china--check it out.
I thought that too but I hold them in a SIPP and just got this message from them
'Please be advised that the Board of Directors of EBT Digital Communications Retail Group ("EBT') announces the investment in EBT of approximately �9 million by key shareholders as defined in the Article of Association. Key shareholders include Audley Capital Management Limited, Gartmore Investments Limited and Ringtone Investment Limited.
The key shareholders subscribed for 85,779,478 new ordinary shares, for which key shareholders paid �0.11 per share. The proceeds of the investment will be used to fund the company's growth and expansion in China.
Further information will be provided upon receipt.
Thanks for info Harry Rang my broker they are saying that the shares are still in my acc, worth nothing, and they have had no further info on them. Would be nice if they came back from the dead! ;-)
I agree, sadly this isn't the only one I've got in the same situation. I was shocked to get this info from Sippdeal this morning andf I'll post on here if I get any more news.
There's nothing about any new investors on the EBT website which makes it look as if the business is fine and ongoing. Mmm