Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


7 Pages (Click to Jump) V  < 1 2 3 4 5 6 7 >   
 
  
Reply to this topic

NZF, NEW ZEALAND FINANCE HOLDINGS LIMITED
plastic
post Posted: May 9 2017, 04:52 PM
  Quote Post


Posts: 10,340
Thanks: 304


9th of May already! Just 16 business days left for this meeting to materialize. Will he or won't he?



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: May 2 2017, 08:19 AM
  Quote Post


Posts: 10,340
Thanks: 304


How are they paying the bills?



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Apr 26 2017, 08:12 AM
  Quote Post


Posts: 10,340
Thanks: 304


End of April already! It's the NZX of course.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Apr 3 2017, 09:16 AM
  Quote Post


Posts: 10,340
Thanks: 304


April already. Where's the update? Just a little bit too convenient to be blaming NZX. I smell a rat in the kitchen.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Mar 29 2017, 02:53 PM
  Quote Post


Posts: 10,340
Thanks: 304


Heres the update.

QUOTE
Agreement has now been reached with IRD to repay the IRD an amount of $187,027 in aggregate. The sum is to be paid by twenty-four monthly instalments of $7,793. The first instalment is due and payable on 20 March 2017.


As at Sept 30th last year they had $44k cash and $97k other assets (whatever they are). The six months prior they had burned $156k in op.ex. and staff.

So if all things have remained constant, they are broke. Where is NZX censure?

QUOTE
the Company advises that: - the drafting of the Notice of Meeting, the Explanatory Memorandum and the Independent Advisers Report and Appraisal Report are well advanced; - it is hoped to have the aforementioned documentation forwarded to the NZX and to the Takeovers Panel for their review during the course of the next week;


Well advanced on March 7th. Meaning the week of the 13th documents were submitted. Meaning no later than the 17th. Meaning the NZX have been sitting on them for 12 days already. How long does it take to read them I wonder.

QUOTE
it is anticipated that a special meeting of shareholders will be called to approve the capital and operational restructure during the course of April or May.


Three more days and it is April. If the required notice of meeting is six weeks (possibly just two if the Constitution allows for it) then we are looking at the middle of May before a meeting is to be held and restructuring can occur. Meaning, at least two more payments to the IRD and ongoing listing and op.ex. costs when they are already broke.

Ahem. Somebody should let the NZX know there is something rotten at its core.








--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Mar 4 2017, 08:57 AM
  Quote Post


Posts: 10,340
Thanks: 304


This guy's full of crap. A meeting to be held mid-Feb. Yeah. Sure thing.

No money. No business. No plan. No word on a plan. No nothing. Not even a clue. If the NZX were worth their salt they would've evicted him by now. It's such a surprise the NZX is dying, isn't it?



--------------------
What did Uncle Mel do to us?
 

Featured Stock Stories





plastic
post Posted: Feb 28 2017, 09:44 AM
  Quote Post


Posts: 10,340
Thanks: 304


Does this guy even know what he's talking about? End of Feb. still no notice for a meeting to be held a couple of weeks ago.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Feb 23 2017, 07:38 AM
  Quote Post


Posts: 10,340
Thanks: 304


One gets the sense that all is not what it should be with this dog. Three working days left in Feb and still no notice.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Feb 14 2017, 05:40 PM
  Quote Post


Posts: 10,340
Thanks: 304


Somebody had better give this guy a call and tell him it is now Feb. and the EGM notice is AWOL.

Not sure how much cash they have left. Can't be much though. Hopefully this one doesn't go cactus like the internet of things deal. There's always Kim Dotcom's door to knock on.

QUOTE
Completion of the Restructure is subject to, and conditional upon, (amongst other matters) the satisfaction of the necessary regulatory approvals and sign offs, and the Shareholders of NZF approving all of the resolutions required to be passed to implement the Restructure. The Board anticipates that the Special Meeting of Shareholders to consider the Restructure will be held during the course of February 2017, and should the Shareholders approve the Restructure, the Restructure will complete shortly thereafter. The NZF Board recommends that NZF shareholders should not undertake any action in respect of their shares that they hold until such time as NZF is able to provide those shareholders will a full suite of information pertaining to the Restructure, including the independent reports For any inquiries please contact: Sean Joyce Chairman of NZF Email: sean@corporate-counsel.co.nz Mobile: 021 865 704







--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Nov 16 2016, 08:18 AM
  Quote Post


Posts: 10,340
Thanks: 304


Chrissakes! What a dog's breakfast re the restructure.

What can you expect though with the involvement of Enumerate. thumbdown.gif



--------------------
What did Uncle Mel do to us?
 
 


7 Pages (Click to Jump) V  < 1 2 3 4 5 6 7 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING