"He who knows others know not, he is aware. Be careful of him."
I am this one Balance.
Your last sentence provides the evidence. ;)
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Do you know what the charges would be for a Chairman and CEO announcing the opening of a factory "today we push the green button on a new factory and commercial product starts" and chasing the share price up when it isn't actually operational - or likely to be this year?
Watching this train-wreck from afar and its almost time to say something ... Doesn't appear to be a great deal of difference between previous and past management; if anything the new mob is taking the old tricks to a new level. With the obvious ramifications as Balance points out.
The train is on different tracks imo.
What Apathy has alerted to however is serious and totally unacceptable if true. A complaint to the FMA and NZX would be approriate if evidence can be produced.
Joyce exercising his 8m shares is fine - the soonest the company get rid of all the backdoors, the better. Plenty of sore bums around from all the backdoor jobs, that's for sure!
Suspect we might see some press releases strategically placed over Xmas back tracking and clarifying recent comments on operational capabilities and forecasts. The back door boys have left the building and the newbies haven't quite worked out what they have inherited doesn't match they hype.