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kenmitch - Fri, 23 Dec 05 :

I think Richard Bernstein holds 19 million warrants. The expiry date of these was extended to 2010 this year, and the exercise price upped from 10p to 20p.

As for the sale of his shares. I stress the following is guesswork. I normally dislike seeing big Director sales, but think this one could well be an exception. A couple of reasons. It is clear that Institutional support for EVT is VERY strong. Otherwise this would have been an opportunity for another Institution to unload their holding and take massive profits so that Invesco could get a decent stake. It could be that this was the only way that Invesco could get their hands on such a sizeable stake. i.e current Institutional EVT holders are not prepared to sell. If that is the case then that's very positive.

Another idle thought. Things look potentially very exciting at Toluna next year... a possibility that RB could put some of the proceeds into TOL shares? otoh only about 10% of Tol shares available now, and Institutions may well be looking to buy those too, but be unable to do so, so maybe not.

But fwiw nothing in this news to worry about imo. The opposite in fact. 2006 could be a very exciting year for EVT fans. Toluna - time to play catch up with YOU.Very positive trading/profits news likely. YOU shares have more than doubled, TOL "only" up 50% so far. KSS - almost certainly more good news to come. And always the chance that someone will buy the Company. And news of real progress at Magenta? Remains a gem of an investment imo and with luck next year the shares will have a really good run.

So good luck and seasonal greetings to all.


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