confused, page-3

re: confused...lot of interest in flowcom Lot of interest in FlowCom

Date 19/1/2004
Author Martin Pretty
Source The Australian Financial Review -- Page: 16
Shares in the small capitalisation Australian telco, FlowCom, were suspended from trade in the week ended 16 January 2004. The stock was changing hands at $A0.015 when it last traded. The company has $A17m in debt on its balance sheet and is engaged in an ongoing dispute over interest payments. As a result, a number of parties are understood to have been in negotiation with FlowCom's lender and investor, Crown Financial, over the possibility of the sale of some of FlowCom's interests, or even a complete takeover. Among those said to have been in talks with Crown are SP Telecommunications, Babcock & Brown, Bell Potter and Tolhurst Noall. Telstra has also been spoken of as a potential buyer, but this would raise competition concerns.