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2004 The Year For Offshore Telecom

Offshore Tel stock quotes

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cableguy00 - Tue, 30 Dec 03 :

Mine's G&T...not until after 6pm though !
I'll have one for ya later...lol..

BTW, they are isuing £300k worth of more shares after 29 Feb 2004 (to Intrinsic) subject to performance for the purchase of Intrinsic and a further £800k worth (again to Intrinsic) after full-year 2003/2004 (31 Oct 2004) for final payment subject to them achieving £1.8M turnover and operating profits of £400K between 1 Dec 2003 and 31 Oct 2004. Quite a high target in a way if you reflect on their t/o having been less than £800k in their last reported figures, so the confidence in them to more than double their t/o must be quite high.

Furthermore, Michael Frank, Keith Mills and Ian Smith have been granted options over a total of 27M shares @ 0.525p (rns on 18.08.03) which can be exercised at anytime up to 14.08.2013.


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