???? How do you get in?
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Log in to facebook then search "leave allan hubbard alone" as a group. Can't post unless you join but can see comments.
Hope that helped. I'm pretty much a Facebook virgin - you need to register first I think. Enter a "find friends" search first, it won't produce results but next screen will have a series of options, one of which is "group". Regret my pathetic Faceboook ignorance, guess I'm too old!
Likewise but if I have to read any more truly pathetic posts like the resident cultist, pardon me asking the question, but why bother ? Why would you want to read the pathetic ramblings of a whole bunch of ignorant cultists who wouldn't know the first thing about the commercial world ?
Looks like the opposition is ready to make an issue out of stat man if it all goes pears...
http://www.voxy.co.nz/business/dalzi...ent-on/5/60608
Oh no - they're way worse than Enumerate! The only reason to bother is to get a handle on the level of ignorance out there - including among so-called investor advocate groups like EUFA. Drives you (well, me) insane but makes you realise that rational debate on this is not possible with the cultists. Probably nothing you didn't already know.
By Cully
Seems the boom and bust cycle has been getting more frequent. Investment scams though are going on all the time regardless of these cycles. My question is, why are investors not learning about either of these things? A while ago I would have said investor education is lacking - it still is, this stuff should be taught in primary schools - but actually there is loads of information out there. I'm sorry if this seems off point but to me this is very relevant to the Hubbard situation - don't have blind faith in anyone, get a prospectus, find out what you're investing in, if the answers aren't there or they don't seem credible be damn suspicious.
Oh no - they're way worse than Enumerate! The only reason to bother is to get a handle on the level of ignorance out there - including among so-called investor advocate groups like EUFA. Drives you (well, me) insane but makes you realise that rational debate on this is not possible with the cultists. Probably nothing you didn't already know. Unquote....
Hell Cully !!!
have you been reading the draft to my book !!! ??
I,m with you man :t_up:
cheers & beers BB:):)
Minimoke I havent read the report and dont intend to but this statement seems irrelevant and spurious. People should judge for themselves whether they consider an investment is appropriate for themselves. The implication is that a lot of AH investors were old people therefore they shouldnt put their money into dairy farms, private equity? I dont think that govt officials should be deciding for us what is or isnt an appropriate investment.
I have no position or opinion on AH but the whole saga has set a dangerous precedent where a company can be seized by govt officials. This can only be mitigated by serious evidence of fraud by AH that was held before they chose to take action. Hopefully the actions will be justified.
Btw if enumerate is white hot with anger over how AH is being treated i will be just as aggrieved if there is a real loss here and govt officials will be putting their hands in my pocket to bail out investors who voluntarily handed their money over to AH.
I believe there will be a deal, announced Monday.
I expect that it will be complex and involve all three elements of the restructure:
1) Sale of "Bad Bank" assets;
2) Sale of elements of the the equity asset portfolio (Dairy (primary), Scales and Helicopters); and
3) Infusion of new equity into the "Good Bank"
I hope that no one on the thread was frightened into selling their SCFHAs by the chorus of approbation. I believe that of all SCF stakeholders - SCFHA holders will be smiling the widest. I believe that their capital (to $1 per pref) will be secure.
I am happy to be known as a "Hubbard cultist". I believe this "cult" does exist. It is the "cult" of making money through rational investment.
I am deeply outraged by the injustice that Allan Hubbard has had to endure. This sorry saga is not over yet, for him.
For those on the thread who would have Allan Hubbard endure an injustice so that they may save on their tax dollars - you simply have my contempt.
And that's the rub. This good ole boy network, where business appears to have been done on a nod and wink has now, after creating the mother of all local bubbles (rural land prices) come unstuck.
Unpalatable as it may be for all of us, a revaluation is long overdue.
I was listening to Bill English last Thursday at the FMG AGM. The question to him I forgot. The answer from Bill I will never forget. "Anyone who pays $800 a sheep stock unit for land has payed too much and cannot be profitable." Obviously the Govt view is the farming land price bubble has to burst. I do not know the implications for SCF.
Drew, might I suggest you read the Report. Its easy reading, not complex but does give background to the essence of this thread. It would help to be just a wee bit informed.
It was originally argued by AH supporters that his investors were sophisticated investors - time and information has shown this is not the case. AH's investors (and anyone are quite free to invest in Dairy farms private equity or whatever - as long as they know that is where there money is going. Investors in Aorangi and HWM appear not to have had that knowledge.
The AH Stat Man is by no means a dangerous precedent - it is however extremely rare. There are clearly issues around bringing in the Stat Man. Time will tell if that decision was warranted. What does remain is wether there will be consistency in approach in the future - which begs the question why others weren't brought under Stat Man during the GFC. But thats water under the bridge now. Theres enough to mull over with AH's recent activites.