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TRS, TRS INVESTMENTS LIMITED
plastic
post Posted: May 14 2019, 11:47 AM
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When a $3 trade is worth over $2m.

Unbelievable!

Down 50% on three bucks taking off over $2m of market cap.

Guess news is leaking that the NZX is going to block the deal after SEVEN MONTHS of waiting.






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What did Uncle Mel do to us?
 
plastic
post Posted: May 2 2019, 04:15 AM
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Seven, yes, SEVEN months since we last got an update on this supposed transaction they have lined up.

Apparently, they have submitted the proposal to the NZX and are awaiting feedback.

What a farce. Both NZX and TRS.

They can't hide forever though. They must already be insolvent unless more money has been tipped in which they chose not to tell anyone about. Guess we will have to wait for the interim to find out if anyone can be bothered taking any interest.






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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 12 2019, 04:57 PM
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Nearly a month later and still not a peep from anyone. I guess the directors don't think their solvency is worth mentioning and the NZX can't be interested either.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 20 2019, 07:56 AM
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One week off a full quarter and not a peep from anyone. Even the directors are AWOL. Insolvent already. Next stop bankruptcy.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 12 2019, 08:19 AM
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Guess the NZX are too busy getting their committees in order to be bothered with a shitty little company's restructuring attempts.

Luckily the directors aren't too perturbed about it either.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 1 2019, 08:57 AM
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Into March and the NZX still have not commented on documents which came into their possession in September or October last year.

Does anyone else smell a rat in the kitchen?

Five months ago, total assets, all of which were current, were listed as $181,000. Total liabilities amounted to $687,000. With trade creditors owed $207,000.

Assuming the trade creditors operate like most businesses and expect to be paid in a timely fashion, technically speaking TRS should be out of business. For in effect they are insolvent. Funds due exceed funds available.

After the Mainzeal decision, I think these directors need to do something pretty quickly lest they are held liable.






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What did Uncle Mel do to us?
 


plastic
post Posted: Feb 22 2019, 10:40 AM
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How can we be at the end of Feb. and still no update on this transaction from either the company or NZX?

Outrageous.






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What did Uncle Mel do to us?
 
plastic
post Posted: Jan 23 2019, 12:20 PM
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NZX must still be on holiday or "shortly" is a subjective concept.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jan 16 2019, 04:30 AM
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What is with the NZX that they can't make a simple decision? TRS must be insolvent by now.



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What did Uncle Mel do to us?
 
plastic
post Posted: Dec 24 2018, 08:37 AM
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You have to wonder what is wrong with the NZX. Since when does an exchange get to determine what is best for a company's shareholders?

There must be another game going on behind the game we are seeing. Wonder what it could be?





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What did Uncle Mel do to us?
 
 


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