Good.
The record is now straight.
Printable View
Look at Milfords entry into BurgerFuel. Buying on market would have pushed the price up so they arranged their entry offmarket, in that case buying of Roberts, the main shareholder.
Milford is also happy to invest in early stage companies, either before listing, at listing or after listing. If Milford is happy with their growth story, the fact they did a backdoor/compliance listing will be irrelevant.
Having said all that, my guess is the at least one person from Milford attends every NZ listed companies AGM so you cant read to much into it.
Just for the record, it was not Brian Gaynor, but one of the younger guys from Milford. It does seem to be part of Milford's culture to attend meetings and to be active and open shareholders. The same guy who spoke at the Snakk meeting also raised a few matters at the Dorchester meeting.
About backdoor listings - Don't forget that Charlies and Abano were both backdoor listing, and both did pretty well.
Probably Superlife having a look .... They seem pretty keen on these specs
But may wait until new cash is needed
Still wondering how Seadragon 'inherited' their 25 mill shares
Must be a story behind that
Agree. Seems a bit out of left field for a Fish Oil company.
Maybe it goes back to their origin as Claridge Capital Limited ?