* The Ceske radiokomunikace board reiterated, in an official press release yesterday, that the initiative of Netla Management Limited, the minority shareholder, did not have any support or input from Ceske radiokomunikace’s board.
* The board also gave its view that none of the proposed resolutions for the EGM are in the interest of the company. The board is undertaking a strategic review of the company, the outcome of which will not be available before May.
* Importantly, the head of the Bivideon consortium (TDC/Deutsche Bank), the controlling shareholder in Ceske radiokomunikace, said that Bivideon is not acting in concert with Netla Management, and suggested that the EGM will not result in any dramatic outcome.
* The stock gained 7% after resuming trading yesterday on the assumption that the EGM will not bring anything substantial, and the stock could recover some the losses it had incurred since Friday.
* Separately, the SEC began an investigation into trading in Ceske radiokomunikace stock; specifically, the SEC is looking at possible links between Netla Management Limited and a domestic broker.
* Today is the last trading day in SPAD with a right to vote at the April 8 EGM (the record date is April 1, which is a public holiday in the Czech Republic).
(Ondrej Datka)