PAZ Pharma Zen

[percy]

I am very disappointed to see Cibus's Damon Petrie resign.
Raises a very large question mark about Cibus's intentions.

[Sideshow Bob]

I am very disappointed to see Cibus's Damon Petrie resign.
Raises a very large question mark about Cibus's intentions.

Would have thought Cibus would nominate a replacement........??

[whatsup]

I am very disappointed to see Cibus's Damon Petrie resign.
Raises a very large question mark about Cibus's intentions.

P, Cibus is the O S investor, right ?

[percy]

Yes.
Citibank is Director Wayne Burt's.
Dalamore Trust is Chairman Ken Fergus.
Nimrod Trust is CEO Craig McIntosh family.

Total Number of Shares:254493482 Extensive Shareholding:Yes
Shareholders in Allocation:
Allocation 1:35092204 shares (13.79%)

M G Shepherd & L A Shepherd & Downie Stewart Trustee Limited (Maxwell Gilbert & Laraine Alice Shepherd Family)
43 Ridgecrest, Wanaka, Wanaka, 9305 , New Zealand
Allocation 2:35000000 shares (13.75%)

Cibus Oscar Limited
12 Phillimore Walk, London, W8 7RX , United Kingdom
Allocation 3:20536000 shares (8.07%)

Nimrod Trust
Unit 4, 414 Curraghs Road, Rd 6, West Melton, 7676 , New Zealand
Allocation 4:14500000 shares (5.70%)

BNP PARIBAS NOMINEES (NZ) LIMITED
Bell Gully, Level 22, Vero Centre, 48 Shortland Street, Auckland, 1010 , New Zealand
Allocation 5:14500000 shares (5.70%)

CITIBANK NOMINEES NEW ZEALAND LTD
6 Queens Avenue,, Villa Shambhala,, Vaucluse Nsw, 2030 , Australia
Allocation 6:11557312 shares (4.54%)

LEE PATERSON FAMILY TRUST COMPANY LIMITED
Van Aart Sycamore Lawyers, Level 1, 205 Princes Street, Dunedin, 9016 , New Zealand
Allocation 7:9010020 shares (3.54%)

Lee Joanne PATERSON
197 Mcgrath Road, Rd1 Waikouaiti 9471 , New Zealand

Peter Austin GOWING
157 Plantation Road, Wanaka , New Zealand

Richard Grant PATERSON
10 Upland Street, Dunedin 9010 , New Zealand
Allocation 8:8727602 shares (3.43%)

Leveraged Equities Finance Limited
157 Lambton Quay, Level 21, Wellington, 6140 , New Zealand
Allocation 9:8000000 shares (3.14%)

DALMORE TRUSTEES LIMITED
30 Kinleys Lane, Saint Albans, Christchurch, 8014 , New Zealand
Allocation 10:7480000 shares (2.94%)

Craig Lachlan MCINTOSH
4/414 Curraghs Road, West Melton, Christchurch, 7676 , New Zealand

[whatsup]

Yes.
Citibank is Director Wayne Burt's.
Dalamore Trust is Chairman Ken Fergus.
Nimrod Trust is CEO Craig McIntosh family.

Total Number of Shares:254493482 Extensive Shareholding:Yes
Shareholders in Allocation:
Allocation 1:35092204 shares (13.79%)

M G Shepherd & L A Shepherd & Downie Stewart Trustee Limited (Maxwell Gilbert & Laraine Alice Shepherd Family)
43 Ridgecrest, Wanaka, Wanaka, 9305 , New Zealand
Allocation 2:35000000 shares (13.75%)

Cibus Oscar Limited
12 Phillimore Walk, London, W8 7RX , United Kingdom
Allocation 3:20536000 shares (8.07%)

Nimrod Trust
Unit 4, 414 Curraghs Road, Rd 6, West Melton, 7676 , New Zealand
Allocation 4:14500000 shares (5.70%)

BNP PARIBAS NOMINEES (NZ) LIMITED
Bell Gully, Level 22, Vero Centre, 48 Shortland Street, Auckland, 1010 , New Zealand
Allocation 5:14500000 shares (5.70%)

CITIBANK NOMINEES NEW ZEALAND LTD
6 Queens Avenue,, Villa Shambhala,, Vaucluse Nsw, 2030 , Australia
Allocation 6:11557312 shares (4.54%)

LEE PATERSON FAMILY TRUST COMPANY LIMITED
Van Aart Sycamore Lawyers, Level 1, 205 Princes Street, Dunedin, 9016 , New Zealand
Allocation 7:9010020 shares (3.54%)

Lee Joanne PATERSON
197 Mcgrath Road, Rd1 Waikouaiti 9471 , New Zealand

Peter Austin GOWING
157 Plantation Road, Wanaka , New Zealand

Richard Grant PATERSON
10 Upland Street, Dunedin 9010 , New Zealand
Allocation 8:8727602 shares (3.43%)

Leveraged Equities Finance Limited
157 Lambton Quay, Level 21, Wellington, 6140 , New Zealand
Allocation 9:8000000 shares (3.14%)

DALMORE TRUSTEES LIMITED
30 Kinleys Lane, Saint Albans, Christchurch, 8014 , New Zealand
Allocation 10:7480000 shares (2.94%)

Craig Lachlan MCINTOSH
4/414 Curraghs Road, West Melton, Christchurch, 7676 , New Zealand

Leverage Equities isnt that Paul Collins of BIL fame ?

[winner69]

Leverage Equities isnt that aul Collins of BIL fame ?

Forsythe Barr outfit I think

[Sideshow Bob]

Forsythe Barr outfit I think

Yep, ForBar's

https://app.companiesoffice.govt.nz/...8533/directors

[blackcap]

Leverage Equities isnt that Paul Collins of BIL fame ?

I believe it is Eion Edgar and family. I could be wrong, but you can call the company and they will confirm that.

[Bluebell]

I am very disappointed to see Cibus's Damon Petrie resign.
Raises a very large question mark about Cibus's intentions.

Yes, this is concerning news and begs the question if this is the commencement of their withdrawal.

I've been away from the forum for a number of weeks and have gone back to the posts after the AGM to refresh. Sideshow Bob and Rocky45 summed up PAZ situation very well I believe. We have heard much about the impacts of Covid in stalling progress....time that excuse stopped being used. We heard over staff situations now understaffed - what is it that makes it so hard to retain staff at this company? The new capacity projects seem to be a disaster with new ones bolting ahead before others are complete and making money, that smarts of overly ambitious intentions, poor capex expenditure and projects management.

They are prepared to sell further land and buildings if the conditions are better, so how about further investment from CIBUS, surely they wouldn't want to stall progress but perhaps they've completely lost their appetite given poor use of funds to date?

It was reported that the Tawhiri site couldn't be completed due to performance on the first half of the year- I would suggest cash constraints must have been tight well before this.

I would have thought that the new driers could have been commissioned in stages at the new site, first one (or 2) go in, start generating revenue. Seems the set up they've purchased needed to have the 3rd drier in place before the go button on the other
2 could be pressed. I get the sense the drier damaged in transit is serving as a convenient excuse for further delays.

I don't like the contradiction in the reports, don't feel like we are getting a straight story

Lost confidence in PAZ, like others will be parking these shares in the bottom drawer and keeping fingers crossed for a longer term recovery

[percy]

Given the poor first half, and the significant upturn which commenced in May, the company is looking
to post an update with unaudited third quarter results in the fourth week of October.

That should give us confidence PAZ are back on track.