WBS in discussions with potential investors

B

BillyBoy

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Just received an email from WBS as follows:

You may or may not be aware that WBS has been in discussions with various potential investors to acquire a shareholding in WBS. We are in the final stages of concluding this transaction and obtaining the necessary approvals. At this stage we are not able to divulge any more information, however as soon as we are able to we will inform you of the details.

on behalf of WBS Management

Regards,

WBS Helpdesk
 
Good news for iBurst users ... hopefully a cash injection by the new investors to grow the system and fix the problems.
 
Its a cash injection straight into their bank accounts, thats what it is...
 
Yup - time for a little profit taking and back patting while the new investors wonder what the heck happened.
But ... the new investors will expect a return ... so - expect a package change and price increase around march/april ...
<snicker>
 
Nobody in their right minds would make a cash injection without a serious management injection alongside. Watch this space.
 
ic said:
@BillyBoy, have you verified the source of that email? - maybe post the headers minus your IP & other personal info.
Click to expand...

Do you suspect another 1st November 2005 hack? What fun.
 
I have to agree with ic on this one. First time round I didn't get any e-mail (that crappy hack joke) and neither did I this time ... So I will take it with a pinch of salt ... sorry, make that a salt mine :)
 
hopefully wbs will get a brain and compitence injection as well
 
Well if prices were to increase, I'd mosey on down to Vodacom....
I'm going to drop to an iGo account (500mb).... cause I can't justify paying so much for so little, thats if I can ever get hold of Mr Headbush to do it.
:mad:
 
Pish this is full of **** anymore price increase and I'll be forced to go fork out ludicrous amounts to TELESKUM for their damn uncapped/unshapped dsl line :(

of which I'll move over to the DSL forum and biach and moan about how slow the F#$%er is etc... sad sad day...
 
8321 said:
Do you suspect another 1st November 2005 hack? What fun.
Click to expand...
I did check it, seems valid. Here it is:

Received: from mail-02.jhb.wbs.co.za ([196.30.31.197])
by xyz with esmtp (Exim 4.52)
id 1EzDk9-0007RA-DJ
for xyz; Wed, 18 Jan 2006 15:52:57 +0200
Received: from mail-01.jhb.wbs.co.za ([196.30.31.196])
by mail-02.jhb.wbs.co.za with esmtp (Exim 4.50)
id 1EzDdX-000582-7L
for xyz; Wed, 18 Jan 2006 15:46:11 +0200
Received: from fw-1.jhb.wbs.co.za ([196.30.31.222] helo=noc-01)
by mail-01.jhb.wbs.co.za with esmtp (Exim 4.50)
id 1Ez81T-0004np-3z
for xyz; Wed, 18 Jan 2006 09:46:27 +0200
Received: from [196.30.31.102] (helo=wbscf1)
by noc-01 with esmtpa (Exim 4.52)
id 1Ez7wO-0002z9-At
for xyz; Wed, 18 Jan 2006 09:41:12 +0200
Message-ID: <103258.113708551.JavaMail.root@wbscf1>
Date: Wed, 18 Jan 2006 09:41:25 +0200 (GMT+02:00)
From: [email protected]
To: xyz
Subject: Communication to iBurst Reseller Channel
Mime-Version: 1.0
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: 7bit
X-Mailer: ColdFusion MX Application Server
X-Original-Subject: Communication to iBurst Reseller Channel
X-Original-Subject: Communication to iBurst Reseller Channel
X-Spam-Score: 1.4 (+)
 
Gtech taken over by Lottomatica

From Google and The Economist January 14th:
GTECH/Lottomatica Merger

LOTTOMATICA AGREES TO ACQUIRE GTECH HOLDINGS TO CREATE LEADING GAMING SOLUTIONS COMPANY

GTECH Shareholders to Receive $35.00 Per Share in Cash

Transaction Supported by De Agostini S.p.A, Majority Shareholder of Lottomatica

Lottomatica will Partially Fund the Transaction through a Rights Issue and Issuance of Subordinated Non Convertible Notes

W. Bruce Turner of GTECH Expected to Become CEO of the New Lottomatica Group; Rosario Bifulco to Relinquish Management Roles Upon Completion of Transaction
Click to expand...

WBS supplies the radio network for our lotto. Gtech shares the same 21st Floor with WBS. Interesting !

Come on, WBS, spill the beans now.
 
If you look on the www.wbsmobile.co.za url, and check the shareholders, it seems that GTECH, is a sharholder.
So @ 8321, maybe there is some truth in this madness, maybe GTECH have sold their shares........
 
i-Guru said:
....
So @ 8321, maybe there is some truth in this madness, maybe GTECH have sold their shares........
Click to expand...
Its not madness, for sure there is change of ownership and management otherwise WBS would not have put out the 'cautionary' that started this thread. Tomorrow is Monday, maybe this time I am right....
 
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