Prob been in La La land for a while now .... possibly the Stat Man was a proxy for what happens when some families use a Power a Attorney when the old ones get a bit old and start lsoing the plot ..... ouch thats mean
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Investors and "Cultists" seem to have fond memories of the AH of the past.
An unfortunate reality they appear to have lost sight of is the effect of dialysis on a person. A person on dialysis is at risk of hypertension, dialysis dementia, depression, suicide and self harm, delirium, anxiety and panic,stress, There are also psychiatric implications with the medications taken by a patient.
Now is a time when AH really needs his friends (not the psycophants that currently seem to lurk in Timaru) to protect him from the inevitable fallout. Its a shame some of these friends weren't around a few years earlier.
Toss a pebble into the recivership pond and see what turns up. These compnaies are also under recievership
- Belfast Park Limited
- Tyrone Estates Limited
- Braebrook Properties Limited
- FACE Finance Limited
- Fairfield Finance Limited
- Flexi Lease Limited
- Rental Cars Limited
- Galway Park Limited
- Helicopter Nominees Limited
- Hornchurch Limited
- SCFG Systems Limited
- Sophia Investments Limited
- Southbury Insurance Limited
Also interesting the Recievers have expertise in forensic accounting!
I've wondered for a while that even when AH and his wife were in Stat Manand his mates at SCF told AH to take a jump Alan and Jean still seemed to be going down the office and have been shown as beavering away doing the books
DO they look after a lot of other entities as well?
I note Alan resigned as a director of some of those companies yesterday .... switched his activities from personally signign all the debentures to resignation notices
so what about the likes of Hubbards company Plum Duff ?
Not only do depositors get 8.5% for the privledge of putting there money in an institution where there was no risk of getting their money back within the guarantee period they also get to leapfrog all the Allied National and other failed company depositors. Govt is today handling over $1.6b to the Trustee who will pay depositors directly.
Cerainly a pragmatic approach - but the way we invest in the future is going to be different.
I havent noticed that much pressure on Kiwi apart from the usual USD factor but perhaps a bit
Eur/NZD is up - I took a few ;+)
I think from that perspective the govt has handled the situation reasonably well..... i.e by taking control they've prevented a carnage scenario being mooted