More controversy behind Skynet

Article Abstract:

Skynet was floated in Jun 1996 on Ofex and five large shareholders have sold stakes following a price rise. The company aims to launch a vehicle security service. Skynet was set up by Bob Yorke and the company's system was invented by Moegan Birkelund. The shareholders who have sold stakes include Tom Wilmot who was previously involved in launching companies in the 1980s through Harvard Securities. Many of these companies later collapsed despite a rise in their share prices.

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Skynet Corporation: tracked down

Article Abstract:

Skynet Corp will launch a car tracking service in Aug 1996 and satellite navigation systems and a mobile phone network will be used. The product can be used as a mobile phone as well as to provide security. SkyNet could increase sales where mobile communication systems are standardised, according to Nigel Porter, operations director. The company does not have a trading history and has seen a rise in its share price during June 1996 when it began trading on Ofex.

Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Management, Telecommunications equipment industry, Telecommunications systems

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Skynet goes private

Article Abstract:

Skynet has abandoned plans to float on the Alternative Investment Market (Aim). The Securities and Futures Authority (SFA) is carrying out an investigation into trading in the company's shares. Skynet hoped to raise 2.5 million pounds sterling with the flotation. The company has withdrawn from Ofex, and may return to Ofex. Jonathan Clark, chairman of the company, aims to raise funds privately from shareholders and through licensing Skynet's technology.

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, Search and navigation equipment, Satellite Tracking ex Radar, Satellite tracking systems

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