Hope Comvita have plenty of flea powder on hand. Disc: Own Comvita.
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For younger watches, writing was really on the wall from way back under various guises.......Regal Salmon>Queen Charlotte Holdings>Aquaria 21>AQL Holdings>Certified Organics>CER Group>Claridge Capital then SeaDragon
Sea dragon on rural delivery TV one this morning. Good coverage of the factories and what they are doing to produce the various fish oils.
They made it sound like a good story, I am not inspired to invest though.
Disc: Held ages ago and glad I sold, but do hold CVT
And along the way, the backdoor merchants made tens of millions of dollars while the ever ready naive newbies happily hand over their hard earned money, buying the bs, so that they get 'backdoored' and the merchants live the good lives.
And do the NZX or FMA care?
Clue - they are making it easier via the NXT.
[QUOTE=In4a$;627014]Sea dragon on rural delivery TV one this morning. Good coverage of the factories and what they are doing to produce the various fish oils.
They made it sound like a good story, I am not inspired to invest though.
Disc: Held ages ago and glad I sold, but do hold CVT[/QUOTE
I was also impressed with the story.The head sales/marketing man made it sound like they are on to a winner.
Like you I am not going to put my hand in my pocket at this stage.
I am going to miss their whacky humour - clearly they are planning to keep wise cracking till the bitter end..... a news story on the plant the just closed - brilliant.
The opening line was hysterical - adding value.... um have a look at the balance sheet and accrued losses - they have never added value to anything!
Almost as funny as announcing the new CEO - when there wasn't one or how about the "supply contract game changer".
It is obvious from the report and timing of the April forecast update that the current exit strategy is more about PR spin than any actual 'plan'. Beyond comprehension that they close the only division that ever sold anything.
You are so right Apathy. And worst of all like you mention in the CVT pages, the connection is dragging down the CVT price I think, might have to sell some CVT if goes below $11, just to play safe.
CVT can afford to take the hit - it's just a bit embarrassing for some reputations. The danger for their shareholders is when management get myopic about proving first decision correct and keep throwing money at dead duck. Which of course is what SEA management will be praying for.