Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sausage Software (SAS) -- Ignore unavailable to you. Want to Upgrade?

To: Angelo Ferraro who wrote (3)	4/7/1999 3:27:00 PM
From: Angelo Ferraro	Read Replies (1) \| Respond to of 8

Sausage on the sizzle article at afr.com.au Internet software developer, Sausage Software has interrupted its breath taking charge up the share market to announce the acquisition of website developer Electric Alchemy. Earlier this week the rapid movement of the company's share price - which has more than tripled in the last month - prompted a query from the ASX. In reply to the ASX query, the company hinted at "confidential discussions on price sensitive issues" that could result in "contractual agreements" being signed. But the most recent hike in the Sausage share prices also coincides with a March 30 announcement which advised shareholders had approved a proposal to grant options for up to 18 per cent of Sausage, from founder Mr Steve Outtrim's personal stash, to Melbourne business entrepreneur Mr Wayne Bos. The proposal would see Mr Bos granted options for up to 25 million Sausage shares in bundles of 5 million subject to the company achieving share price hurdles of 30, 40, 50 and 60 for 40 consecutive days each. In the past 12 months, the company's shares have been as low as 9 but recent performance suggests a revival in its fortunes, which have been on a roller coaster ride since the company was founded in Mr Outtrim's bedroom three years ago. When Sausage listed in October 1996, the share price reached $1.50 after opening at 75. But its initial star dimmed fast and both company fortunes and share price had declined steadily until late last year when it announced a shift in focus from products to services and imported business talent including former National Mutual CEO, Mr Gil Hoskins, and the former head of Asia Pacific technology marketing at Visa, Mr Craig Welsh. By Stan Beer