Yes that is right. NZ sharemarket is still the Wild West .
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At last traded price had a $16m market capitalisation.
Nothing left for shareholders.....
What would happen if shareholders voted against a delisting? What would the NZX do?
One big red flag right from the start. Looked at it seemed good but.
Heard from a friend in the Chinese community, this guy has no interest to keep running the business and just tries to get his money out and run away, given the departure of the independent directors who has high profile, it's a sign that their business won't last long.
Ripe for class action against directors I would have thought?
Disc: Not ever held, red flags ever since they listed