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this is one load of pig shit that is going to go broke soon unless there is a major surprise

 

Has this guy ever thought about approaching the Callaghan Institute to see if they have any good ideas for business they might like to spin out?

 

 

 

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Just read the documents regarding the restructure. What a racket this is.

 

The company's registered in the Caymans. Nobody knows the real owners of it. And the services provided are for a client base of private high net worth individuals! Its also licenced and regulated in Cyprus!!

 

How the NZX granted permission for this is beyond me. And, further, why the hell can't they register in NZ and be subject to NZ law and disclosure practices IF they have nothing to hide?

 

 

 

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Rebirth supposed to happen in second week of July. Ten working days.

 

Please don't let this be the deal of the year so far.

 

What a sham of an exchange if it is. They should never have been allowed to stay listed as long as they have and this whole deal stinks.

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BGI finding derivatives too hard. Going to stick with lending. Sounds like they are wanting to sell loans under a securitization arrangement. Good luck with that one. Especially after the Reserve Bank just came out with their report today on the under capitalization of the banks. Perhaps they are better to buy some loan books off the banks, cut and trim them, repackage and rename them and then sell them. Perhaps that is what they intend to do.

 

http://nzx-prod-s7fsd7f98s.s3-website-ap-s...2185/284465.pdf

 

 

 

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