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| 10th March 2000 | Weather : Positively Springlike |
IPO CHAOS REIGNS
'Total Hysteria' is probably the most appropriate description for the mayhem that took place at the National Bank of Tunaville just before closing it's doors for business last Friday afternoon.Crowds of angry customers swarmed the offices of Tunaville's premier financial institution desperate to lodge their last minute applications for the first 'deal of the new millennium'. The cause of such scenes was of course, the Initial public offering of 'Tim.Com', the backdoor listing and future internet vehicle of local entrepreneur and celebrity Tim Horsley. Early indications provided by bank spokeswoman Linda Burton suggest that the IPO could be as much as 3,400,000 times over subscribed. Ms. Burton explained. 'We had numerous applications for what is perceived to be a sure fire success. It's a well known fact that Mr. Horsley has very strong links indeed into the currently untapped BigTown market and coupled with the current strength of the Internet sector this was just too good a deal to pass up for most punters.Mr. Horsley was unavailable at the time of going to press but subsequent rumours that he may be looking to offload his remaining 49% shareholding of Tim.Com once the floatation had been finalised and make a very tidy profit indeed were vehemently denied by his press secretary and fiancée/cleaner Dotty. 'It's outrageous to suggest that Tim would do such a thing. His total commitment to the company is plainly evident by the size of investment he has already made.
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TUNAVILLE COMMUNICATIONS SUBJECT TO MYSTERY BIDTunaville Communications which is essence consists of a discarded telephone exchange behind No. 34 High Street has been the subject of such speculation for a number of months ever since the arrival of telephony guru and new chief executive Jodie Haraldson from a rival concern in DownUnderberg. Industry analyst and part time policeman Chris Tinker explained : 'There's no doubt the arrival of Haraldson has injected some new life into what, let's be honest was previously a tired player in the telecoms industry. Up to her arrival the management were pretty much sitting on their laurels. Closure had always been their biggest problem in my opinion.Details of the pending offer are expected in the next few days although it is widely expected that the purchaser is not an immediate competitor. The Gazette will report details as and when they are known.
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