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None immune to dot.com lure

More straws in the wind for a market correction. Two Perth ‘money’ families have made belated entries into the dot.com world.

Janet Holmes a Court is reported to have punted $1 million on the float of Bigshop.com.au and John Rinehart (son of Gina and grandson of Lang Hancock) has formed a B2B company (business-to-business) with management consultants Rothgard International.

Mrs Holmes a Court’s flutter, according to a report in the Sydney Morning Herald, is for four million Bigshop shares which will be held in escrow (she can’t trade them) for twelve months.

Given her prior experience on the stock market, the investment in Bigshop is ominous.

Young Rinehart is, apparently, not yet heading for a listing of his business, Minetrade.com.au, but it would not require too much imagination to see such a move in the future. Given his family’s prior experience...etc, etc.

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