NZF Group (NZF and NZF010)

[minimoke]

They do a very poor job of communicating and only seem to want to release positive info, I think everyone deserves to know the good, bad and the ugly not just the shareholders who are directors.

There is no shortage of examples of Directors using the company as their own personal piggy bank. If the NZF Directors don't want to be cobbled with this tag they ought to be more transparent with the rest of the shareholders.

[invessi]

My understanding is that Craig Alexander - lawyer is acting Chairman of NZF, at the time Richard Waddell became ill, it was promptly announced to the NZX, he has not resigned that I am aware of!

I am not aware that NZF are trying to hide anything, I have always found them to be transparent, however, there will always be information that is commercially sensitive and not announced to the market until the appropriate time. John Callaghans circumstances have been well documented by NZF!

I heard from a real estate agent friend of mine yesterday that Mike Pero Real Estate have already taken 60 agents on board and that they are now advertising for listings, I understand all of these agents are experienced with good track records, my friend has applied to join, he has been an agent with the one firm for the past 9 yeears and I would rate him in the top 5%!

[invessi]

NZF
18/02/2011 10:31
GENERAL

REL: 1031 HRS NZF Group Limited

GENERAL: NZF: NZF Group Limited (NZF) Capital Notes

NZF Group Limited (NZF) Capital Notes - expiry date for election of "Renewal
Option" of Capital Notes

As at 18 February 2011, the level of acceptances for the "Renewal Option" on
NZF Capital Notes was 29.2% by amount. The final date (Notification Date) for
acceptances to reach the Registrar is 5pm on 24 February 2011. Those
Noteholders who have not elected to accept the "Renewal Option" by this date
(which cannot be changed) will be allocated ordinary shares in NZF on the
Maturity Date under the terms of the Capital Notes Trust Deed.

The first interest payment on the new Capital Notes will be made on 15 June
2011.

Capital Noteholders that do not elect to accept the "Renewal Option" and are
allocated ordinary shares, should note that NZF last paid a dividend on its
shares in December 2008. NZF will not be paying a dividend in this financial
year and given the fragili
ty of the economic recovery and the major impact of
events that have occurred in the last three years, NZF are unable to
ascertain at this stage when dividend payments will recommence.

Malcolm Lindeque
For and on behalf of the board of directors
Company Secretary

ENDS
End CA:00205782 For:NZF Type:GENERAL Time:2011-02-18 10:31:59

[Tony Two Gloves]

Invessi, check the companies office he resigned effective 31/12/2010. Craig Alexander is not and has never been a director of NZF Group - these are both facts, maybe time to fire your "source".

Mini - looks like they don't want us to take shares with all that dividend talk....very subtle !

[invessi]

Who is this then!

The Board of Directors consists of six directors, four of
whom are non-executive directors. Richard Waddel is an
independent director
[as that term is defined in the NZX Listing Rules].
Mark Thornton
Executive Director
Mark has over 35 years
experience in the banking
and finance industry in
New Zealand. He initially
joined Bank of New Zealand
and gained experience in
areas of retail banking then
moving to managerial roles
in commercial and corporate
banking for 18 years up until
1992. He then moved to ASB
Bank Limited taking up a
management role in ASB’s
commercial division up until
2000 when he left to take up
full-time employment with
NZF. During his banking
career he focused on all facets
of lending assessment to a
wide range of businesses from
major corporate to medium
to small-sized companies. He
is a founding Director of NZF
and his current responsibilities
include lending evaluation
and assessment, the credit
approval process and debt
recovery.
Peter Huljich
BCom, Dip. NZX, SA Fin.
Non-Executive Director
Peter is the founder of Huljich
Wealth Management, New
Zealand’s largest KiwiSaver
provider in terms of members
with a fully-owned New
Zealand manager. He has
extensive and specialist
knowledge of the financial
markets with over ten years
experience successfully
investing in New Zealand,
Australia, Europe and the
Americas. His understanding
of and familiarity with
the securities industry
complements the strengths of
the current Board. In addition
he is a Non-Executive Director
of Finance Direct Limited and
a member of the New Zealand
Business Roundtable.
On 10 November 2010, the
Securities Commission
filed criminal proceedings
against Peter Huljich as a
director of Huljich Wealth
Management (New Zealand)
Limited alleging certain
compensation payments
made by Peter Huljich to the
Huljich KiwiSaver Scheme in
2007 and 2008 should have
been referred to in the offering
documents and financial
statements for the Huljich
KiwiSaver Scheme. Peter
Huljich has advised that the
proceedings will be vigorously
defended.
Pat O’Connor
Non-Executive Director
Pat is well known and
respected in the local business
community. He has had a very
broad background primarily
focused on wholesaling and
retailing and up until recently
he owned and operated a
very successful chain of
stores, importing and retailing
furniture. He sold this
business to concentrate on his
diverse property interests. Pat
is a founding Director of NZF
and his involvement includes
an advisory capacity offering a
diversity of business skills and
experience.
Craig Alexander
LLB
Non-Executive Director
Craig was appointed as a
Director on 29 October 2010.
Craig is a Partner in Alexander
Dorrington Lawyers and
brings with him a wealth of
business experience having
practiced law for over 25 years
and having participated in
founding several successful
businesses. Craig specialises
in the commercial and
financial sectors and has a
particular interest in product
development for lending
institutions and business.

[invessi]

And hee is the source:

http://www.nzf.co.nz/Investors/Docs/...0Statement.pdf

[Tony Two Gloves]

That is NZF Money, not NZF Group - come on!. I would trust the companies office rather than a 12 month old Prospectus on the companies website, the info in that Prospectus has all changed and is no longer valid. NZF Group only has four directors, none of which are independant - neither Richard Waddel or Craig Alexander are currently directors.

http://www.business.govt.nz/companie...4151/directors

[Tony Two Gloves]

BTW I accept your apology without you having to ask

[minimoke]

Who is this then!
.

Who knows!.

NZF Website (which is presumably more up to date then the 2010 Investment Statement) say:Richard Waddell, Mark Thornton, John Callaghan, Peter Huljich and Pat O'Conner.

Companies Office (which is presumably the most reliable source) says John Callaghan, Peter Huljich, Pat O'Connor, Mark Thornton. No mention of Richard Waddell because he left in Dec 2010.

If we can'r reconcile the number of directors how will we reconcile their accounts?

[Xerof]

TTG, there is so much unsubstantiated and false comment on this site that it is laughable, you are way off course!

invessi, mini and TTG are willing to provide the knife and fork.........