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NZF, NEW ZEALAND FINANCE HOLDINGS LIMITED
plastic
post Posted: Sep 14 2021, 08:33 AM
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Read all about it. How to keep a company alive on life support, then take control and command the cash flows right before you do a deal.
Interesting take in bond report is the target company must have proprietary intellectual property and the ultimate owner is a Chinaman. In other words, its business as usual where the Chinese or the Americans take all the upside of someone else's hard work. You can bet your life that the end game for the target company is failure and bankruptcy so the main shareholder can buy it for nothing.
IMHO this does not look like a good.

https://announcements.nzx.com/detail/379034




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What did Uncle Mel do to us?
 
plastic
post Posted: Sep 6 2021, 12:12 PM
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Director nominations closed August 4th. Now a month later, still no AGM notice.

Is there a problem Houston?



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 23 2021, 09:34 AM
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This sounds very complicated and convoluted in a circuitous way for a company carrying a market cap of just $3m.

Gee. I wonder if there is something they haven't told us.
I note the meeting anticipated to be held in early August still hasn't been held. Nor has any date or agenda been set for it. Perhaps it just isn't tracking the right way or perhaps its all down to covid lockdowns.
QUOTE
23 June 2021

NZX Limited
WELLINGTON

Secured Bonds - Prospective capitalisation of Bonds, and partial repayment of
Bonds

On 4 July 2017, Blackwell Global Holdings Limited (BGI) and its major
shareholder Blackwell Global Group Limited (BGGL) entered into a Secured
Bonds Subscription Agreement and a Convertible Note Subscription Agreement
(the Agreements) under which BGI agreed to issue to BGGL (and BGGL agreed to
subscribe for) Bonds having an aggregate principal amount of NZD$6,000,000.

There are currently $2.5 million of Bonds that remain outstanding.

The independent directors of BGI have agreed with BGGL that:
1. BGGL will, subject to obtaining shareholder approval, capitalise $500,000
of the Bonds issued under the Agreements into 71,428,571 new ordinary shares
in BGI, at an issue price of $0.007 per share (the Capitalisation); and

2. BGI will redeem$1,000,000 of the Bonds for cash and shall pay that sum to
BGGL prior to the end of June 2021.

Following the completion of both of the above transactions there will be
$1,000,000 of Bonds that remain outstanding (to be repaid by BGI in
accordance with their terms).

The proceeds of the Capitalisation will be applied towards funding the
working capital requirements of BGI.

BGGL is the majority shareholder in BGI, and is therefore a "Related Party"
of BGI pursuant to the NZX Listing Rules. As such, BGI needs to obtain the
approval of its non-interested shareholders to the Capitalisation. In
addition, an Appraisal Report is required under the NZX Listing Rules to
accompany the notice of meeting of shareholders. The Capitalisation will be
a "Material Transaction" pursuant to the NZX Listing Rules. Further, BGGL is
an Associated Person of one of BGI's directors, Michael Chai, therefore,
shareholder approval to the Capitalisation is also required under NZX Listing
Rule 4.2.1.

BGI proposes to seek shareholder approval to the proposed Capitalisation at
the Annual Meeting of BGI, which is anticipated to take place in early August
2021.


ENDS





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What did Uncle Mel do to us?
 
plastic
post Posted: Feb 14 2021, 11:43 AM
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Here is the final decision on the dairy company the COO's pals were involved with. His pals are still in Court I believe trying to overturn their convictions up in HK. That the company is to remain listed indicates to me the reverse merger being mooted by BGL, NZF was its earlier incarnation, will involve Natural Dairy. I don't believe the resignations and the final final decision of the HK stock exchange are without relevance to each other.

https://www1.hkexnews.hk/listedco/listconew...21021001639.pdf





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What did Uncle Mel do to us?
 
plastic
post Posted: Feb 9 2021, 02:58 PM
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How you can have a COO and a CEO in a company worth pennies and technically insolvent is beyond my understanding but they are due to quit in the next few days.
No interim report filed yet. Hope they get one lodged before they bail.

The COO was, I believe, once associated with the individuals involved with the HK dairy company I go on about. They had their final final hearing on Jan. 8th.




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What did Uncle Mel do to us?
 
plastic
post Posted: Jan 19 2021, 06:18 AM
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Technically insolvent. Some Mainzeal directors might have an opinion about that and why nobody's being prosecuted.



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What did Uncle Mel do to us?
 


plastic
post Posted: Jan 18 2021, 11:04 AM
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And now they can't even afford to keep their COO and CEO (both of whom would have no duties to talk of).

In the hunt for a reverse listing.

You have to wonder why the NZX allows this dogs to even stay listed.




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What did Uncle Mel do to us?
 
plastic
post Posted: Jan 8 2021, 08:07 AM
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What was that all about? Huge spike and volumes and now back to where it started over the course of six months. Something smelly here.



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What did Uncle Mel do to us?
 
plastic
post Posted: Nov 13 2020, 06:59 PM
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So the ex-Chair of this pig leaves, goes to another pig called TRS who have spent years searching for a reverse takeover target (which isn't that hard to find) and now at his new pig digs he's started issuing shares to his mates. Hundreds of millions of them for a tiny fraction of a cent.

Now if that doesn't tell you that NZF is on the outer of whatever is cooking, then nothing will.




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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 18 2020, 10:18 AM
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Second wind coming in to give it some air.

There must be something coming.



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What did Uncle Mel do to us?
 
 


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