Do we all think that todays outcomes will make some of the papers, Im expecting a write up by some of the more investigative scribes .
Printable View
Do we all think that todays outcomes will make some of the papers, Im expecting a write up by some of the more investigative scribes .
Is you kidding ? .. it's the dilution thereafter followed by the act of lose the 'under Marketable Parcels' hatchet jobs that are more of a worry ;)
Where's the Special Offer from NTL to those with less than a Marketable Parcel (ie AU $500) to keep all those holders
or as many as possible being offered opportunity to stay onboard - @ 0.2 of a Cent to top holdings up ? ;)
FAIR is FAIR - for many of those small holders - NTL have systematically attempted to gut their wallets
then on Company dilution/consolidation corporate action the final dirty deed delivered from NTL appears to be
to reduce them further finally kicking them in the guts .. ;)
Some will remember Ascension Capital (formerly TRS) an in-specie float out of HGL Shareholder base
- and that company has to date not even stooped as low as NTL has to kick out those with just a few shares left now ;)
The float out was probably sometime before the wombat crew flew in onto HGL/NTL Board table ;)
And there it is on NZH:
(behind the paywall)
https://www.nzherald.co.nz/business/...X4SSS26XGZM3A/
Very very interesting reading :)
A very resounding non-binding Vote against Chair & CEO ;)
Congrats to Jonu. He is in.
Thank you Vince.
Well done Jonu
Well done Vince
Well done Oliver & NZSA
:t_up:
Well done everyone - lets hope that the hole in the side of this ship can be repaired before it sinks.
Have to admit, I finally tempted to dip my toe back in, but will wait for the fall-out of meeting
Even I might be tempted if Hill is gone but I have a feeling the rot has already set in and there's no stopping it. I'm afraid Jonu might not like what he sees once he starts getting some real info
I can’t think of any occasion before where there has been anywhere near this level of criticism of members of a board. A first for NTL. It was good to hear some questions from Mr Brown
Jonu has a huge task ahead of him. I think I recall Hill saying that it will take a further $12M or so to bring the mine to production and if that is the figure now it is more than likely (based on previous experience with NTL)to be more than that with no gaurentee of success.
From my point of view this is a bridge to far and it makes no sense to pour more money into this company.