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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: sibe who wrote (3777)12/22/1997 7:39:00 PM
From: tech  Read Replies (1) of 10786
 
Attention ALYD share holders. THE FOLLOWING MAY BE OF INTEREST.

Humbly report, that in Dec. of 1996 ALYD and Chase Technology set up an European year 2000
joint-venture.

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However approx. 5 months later Chase Technology, surprisingly, sold its stake in the joint venture back to ALYD. > ukbusinessnet.com


Twickenham-based Chase Technology Group has sold its 50 percent share of Alydaar Software Europe, its Year 2000 joint venture company to its partner Alydaar Software Corporation Inc [ASC].

Chase has received tradable stock in ASC which is in the process of moving from the "Bulletin Board" to a full NASDAQ listing.

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If you noticed in the above press release it clearly states that Chase was given TRADABLE shares in Alydaar.

I believe that this was done through a Reg. S or other such offering and that these are the shares that were being sold a few weeks back.

If you remember certain people on this thread were saying that Reg. S. shares were hitting the market. Well, they were probably some of Chase's shares.

This is what Chase said about its holdings in ALYD :

"We're not an investment company, we won't hold on to the stock indefinitely," said Chase MD Chris McAuley. "We'll realize the cash value to fund further growth as we need it and to make further acquisitions."

This doesn't sound like an investor with a tight grip on their shares. Chances are once the stock starts to head back up, Chase will start to dump shares again.
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