To be fair the advisor was poking the borax at the really shonky finance companies when no one else was.
Yes he got sucked in by Allan Hubbard but even Allan Hubbard was sucked in by the legend of Allan Hubbard.
Boop boop de do
Marilyn
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Has anyone figured out what McCrae ended up with, he listed the company late 2014 for moonbeams (shonky no forecasts .. how did that turn out?), presided over an investors wealth destruction (only good thing was a 100% upside trade Feb 2016 to May 2016 for the truely enlightened trader), lately flicked a part of the company that might have been actually any good, then ends up taking over the shell back into private ownership. Smells bad but I'm not onto OHE enough to know how it worked out for McCrae himself, did he do OK, fantastic, lose a bit, lose a lot .. anyone know?
http://www.sharechat.co.nz/article/5...ver-offer.html
Independent valuation?
Amazing how Korda Mentha has come out with a valuation range of $1.00 to $1.47 - mid point $1.235 - vs the compulsory takeover price of $1.225!
These valuation experts are as useful in assisting investors as buffoon Muldoon was at managing the NZ economy!
https://orionhealth.com/media/4453/2...ion-report.pdf
$1.15 - $1.61 was the valuation range back in September 2018 by said Morda Mentha so I guess I am just a tiny bit cynical!
Hope an institution with 10% of the remaining shares take OHE & Korda on by requiring an independent valuation (under Takeovers Code) - which will be binding on all parties.
Looks like Orion Health is finally getting some good traction according to todays Business Desk I wonder if there is a rebirth future for this share now ?