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NZF, NEW ZEALAND FINANCE HOLDINGS LIMITED
plastic
post Posted: Jul 10 2017, 01:18 PM
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The only deal of the year so far and barely a peep. Makes you wonder why.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 5 2017, 11:31 AM
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NZX must be ready for a Long Term Capital Management lite type of business model according to what's been put forward. Maybe the market is in for a hyper pump generation.

https://en.m.wikipedia.org/wiki/Long-Term_Capital_Management



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 5 2017, 11:31 AM
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Posts: 9,336
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NZX must be ready for a Long Term Capital Management lite type of business model according to what's been put forward. Maybe the market is in for a hyper pump generation.

https://en.m.wikipedia.org/wiki/Long-Term_Capital_Management



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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 30 2017, 01:20 PM
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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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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 11 2017, 05:29 PM
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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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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 6 2017, 06:27 PM
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In Reply To: plastic's post @ May 26 2017, 04:43 PM

QUOTE
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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What did Uncle Mel do to us?
 


plastic
post Posted: May 26 2017, 04:43 PM
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Latest report is the interim unaudited annual. In it, there is no mention of the NZX. But there is a mention of the April/May meeting for shareholders now being a June/July meeting.

From this I deduce the documents have received NZX assent and the finger of delay can no longer be pointed at them. However, we are not told this. Second, they have no say or control over anything with regards to the meeting being held. The June/July meeting could well become August/September meeting of 2018. Nor do they declare how they are going to continue paying the bills until the new funds are received after the scheduled meeting when they only have $159k of cash and cash equivalents.

All in all, this is one load of pig shit that is going to go broke soon unless there is a major surprise.



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What did Uncle Mel do to us?
 
plastic
post Posted: May 26 2017, 11:59 AM
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NZX must be in on the scheme. Corrodes their integrity just that much more while everyone watching can see the market isn't anything except aracket for the boys.

NZF should've been delisted yonks ago as well as being struck off the register. I have more cash on hand in the bank than NZF, no debt, higher earnings and no need to talk a load of crap to anyone.

Isn't the definition of insolvent that point where liabilities exceed assets? And the NZX don't do anything? In contravention of their own rules.

Just three days left to call that meeting after COB today.



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What did Uncle Mel do to us?
 
plastic
post Posted: May 18 2017, 09:11 AM
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Nine business days left in the month. Even if the constitution says two weeks, he can't hold the meeting as said.

How come I'm not surprised?

How's he paying this months IRD payment?

Poooh. Can anyone else smell it?



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What did Uncle Mel do to us?
 
plastic
post Posted: May 12 2017, 08:10 AM
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If he had any sense, IRD as well, wouldn't you offer them equity if the deal is that amazing? The alternative is missed payments, penalties and arrears followed by liquidation.

At least a promise to sell equity or charge a fee to the other side of the deal. But no. None of this. Instead we are told nothing while ostensibly everything sits in the NZX bowels.



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What did Uncle Mel do to us?
 
 


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