Re: UKNM: Jungle Bailout?

[Speechrad]

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In a message dated 05/09/00 23:46:14 GMT Daylight Time,

robinclockworx [dot] co [dot] uk

writes:


<< Yeah, we're missing the point that Steve Bennett, bloke about my age-ish,

 just made an absolute wedge - been a long time since we've actually been

 able to say that. I would have bought dabs.com if I were GUS, but there you

 go.


 R

  >>

That Steve Bennet bloke already had a big wedge from starting Software

Warehouse. He also parts owns / runs a radio station. Both are based in the

Midlands. Things do happen outside London, you know.

Jungle was not a financial flop, they just didn't make hundreds of millions.

They sold a viable business (or so the buyer felt) No idea how much Steve

put

in (probably not much of his own money) but I think he walked with �7 m,

debts accounted for �12 m so there was �18 left over for 3i, etc. I doubt if

that much was actually invested.

In sensible business terms it looks like some people got a good return on

their short term investment.

Michael



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