Diligent Boardbooks IPO

[Misc]

Why the editing in this thread today?? Are we not allowed to express opinion anymore?? Everyone makes mistakes ...... and DIL is an eggface 101 for the NZX and all involved ... of that there can be no doubt... WTF ??

Misc

[dsurf]

The fact that there is no? legal requirement to disclose that a board member or executive is previously a discharged bankrupt speaks volumes about the NZ financial markets.

That is why they listed in NZ in the first place

[winner69]

Why the editing in this thread today?? Are we not allowed to express opinion anymore?? Everyone makes mistakes ...... and DIL is an eggface 101 for the NZX and all involved ... of that there can be no doubt... WTF ??

Misc

.... must have upset somebody big time eh mate .... not generally like you

[Misc]

Hmmmm , perhaps a certain broker sponsors this site??

DIL down 25% from listing in under a week. I am amazed there is not more comment here on this 'Mother of All IPO Debarcles' .

Misc

[winner69]

Hmmmm , perhaps a certain broker sponsors this site??

DIL down 25% from listing in under a week. I am amazed there is not more comment here on this 'Mother of All IPO Debarcles' .

Misc

You would think that quite a few punters are involved but yes very silent

Further downside i guess

[TwinkleToes]

Yes, this stock will fall to around 50 cents I think. It has a significant number of competitors and some of them have very deep pockets.

[dsurf]

I bought in & got out at open for $1.00 so think I am lucky - The real question around this IPO is the fact that it was never required for the previous bankruptcy which followed a large IPO and company failure to be released in the prospectus.

As I watch the finance companies fail, our absurd takeover rules which are meaningless if it is a "merger", and the head of the stock exchange chasing a failed company promoter I wonder why we even want to have an NZ sharemarket. All that seems to happen is the good assets get sold too cheaply and retail investors get burned since they can never get access to the good floats. Sooner we "merge" with the australian market the better, then we won't need to entice crooks over here to fleece the public.

Also nice work media - why didn't this get found out earlier and released earlier.

[Misc]

Something has to give , the losses are too great now . Perhaps the Directors/Promoters should return the capital to shareholders. Would be the honourable thing to do. Or face a class action for misrepresentation / non-disclosure?

Must be at least 90cps left in the kitty?

Misc

[AMR]

It's done worse than BFW. Enough said.

[winner69]

Do I read the prospectus right in that 2007 sales are expected to be $1.6M with this increasing to $5.8M in 2008? (Page 9)

And these sales support a current market cap of $70M (down from $104M a few weeks ago)

Am I missing something?