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TRS, TRS INVESTMENTS LIMITED
plastic
post Posted: Aug 10 2019, 08:22 AM
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For a company in such a sorry state as this one, it is baffling why nobody is in a rush to do anything about it. No new transaction proposals. NZX couldn't care less about the blot it's leaving on their reputation as bad as it already is, the regulators aren't interested and the auditors will do whatever they're told as long as they get paid.

Even the directors don't get paid.

So if nobody can be bothered with this dog why is it still listed?



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 8 2019, 09:01 PM
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What kind of bullshit is it when the NZX allows a company that is declared as having liabilities in excess of its assets, technically insolvent, by its auditors and is permitted to remain listed?

http://nzx-prod-s7fsd7f98s.s3-website-ap-s...6872/302680.pdf




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What did Uncle Mel do to us?
 
plastic
post Posted: May 31 2019, 09:09 AM
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Last communication about this deal it was stated documents had been submitted to the NZX and a response with would be made in the near future. Eight months later the deal is canned with no reply from the NZX being made known to the markets and shareholders. All this while trading in effective insolvency.

The NZX needs to take a good look at itself and the FMA needs to take a good look at the NZX.



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What did Uncle Mel do to us?
 
plastic
post Posted: May 30 2019, 09:49 AM
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Perhaps it will be a mega deal.

QUOTE
TRS: Placement of Shares and Market Update

The directors of TRS Investments Limited (“TRS”) have terminated the proposed transaction with LIDA Agricultural International Holdings Limited (“LIDA”) described in the announcement made on 13 June 2018 so that other opportunities can be pursued. The directors felt that TRS would be better served by pursuing a transaction closer to home that would be more suited to a New Zealand listed company.

TRS has been approached by several parties with alternative transactions which the directors are now considering. TRS will notify the market as soon as a new transaction has been agreed.

TRS has received a total of NZ$120,000 from LIDA towards the costs of the transaction. In accordance with the provisions of the Share Subscription Agreement between TRS and LIDA dated 12 June 2018 (“Agreement”), LIDA or its nominees are entitled to shares in TRS at NZ$0.001 per share for the total amount received on the termination of the Agreement by TRS. TRS has therefore today issued 120,000,000 shares to LIDA’s nominees. The 120,000,000 shares represent 9.004% of the total shares of TRS after the share issue. Full particulars of the share issue are set out below.




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What did Uncle Mel do to us?
 
plastic
post Posted: May 28 2019, 01:30 PM
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Results out and they are the pox of the NZX. One of them at least.

Seven months after advising they will update the market in the near future they're still using the same terminology.

What a farce.



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What did Uncle Mel do to us?
 
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?
 
 


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