-
30-07-2012, 01:40 PM
#591
I don't think so Possum, there are notes under NZF Group but no debentures, NZF Group does not have a Prospectus.
Last edited by Tony Two Gloves; 30-07-2012 at 02:22 PM.
-
30-07-2012, 02:13 PM
#592
Tony Two Gloves Deposits rates for both NZF & NZF Money were published until not long before the receivership.
-
30-07-2012, 02:27 PM
#593
You can't issue Debenture Stock without a registered Prospectus, NZF group does not have a Prospectus - join the dots! The only Debenture Stock issued was under NZF Money and these are the poor investors looking at between 0.25 - 0.42 cents in the dollar with no payment to unsecured creditors as per the last Receivers report.
I think you may be getting confused with the Capital Notes.
-
30-07-2012, 03:00 PM
#594
Member
My error, I was meaning to refer to the notes, not debentures, I understand an offer may be made to shareholders to approve the convertion of notes into shares.
Originally Posted by Tony Two Gloves
I would doubt that Invessi, NZF Money Debenture holders have nothing to do with Pero or the sale of it. It may benefit the Noteholders and Shareholders who are subscibed under NZF Group which is where the Pero asset sits.
-
30-07-2012, 03:27 PM
#595
Thanks Invessi, that probably makes sense for the Group and gets them back in the game with some cash without the burden of having to repay the note holders.
Will be interesting to see what their stratergy will be as they have no staff and without Pero's they don't really have a business - flavoured vodka or scented candles anyone?
-
30-07-2012, 03:31 PM
#596
Tony Two Gloves Both NZF & NZF Money were issuing prospectuses at one part as I had them not long after the Govt guarantee lapsed & if I remember correctly NZF Money went into receivership first & NZF some months later
-
30-07-2012, 03:44 PM
#597
Possum you are mistaken, NZF group have never issued Debentures and they are not in Receivership - only NZF Money. Check the Companies Office website but the Group has never had a Prospectus!
The Capital notes where advertised with a rate of somewhere around 9% from memeory, but these are not Debentures. They stopped paying interest on these notes a while back, but the Group did not go into Receivership.
-
30-07-2012, 05:28 PM
#598
Tony Two gloves I have held many NZF debentures over many years before they even had NZF Money my last lot matured just before the govt guarantee expired & after they had NZF money there were different rates for the two lots of debentures one secured by NZF & one secured by NZF money. I sold my NZF shares very early in the piece for a very nice profit. I only bought their shares as I had money all ready deposited with them.
Last edited by POSSUM THE CAT; 30-07-2012 at 05:35 PM.
Reason: add to post
Possum The Cat
-
31-07-2012, 11:55 AM
#599
Member
TTG, it came out in court that NZF are looking at investing in a Kiwisaver related activity and securitisation of vehicle loans, I understand they may have backers for these activities, now that they can carry on with normal course of business, it will be interesting to see how things play out!
Originally Posted by Tony Two Gloves
Thanks Invessi, that probably makes sense for the Group and gets them back in the game with some cash without the burden of having to repay the note holders.
Will be interesting to see what their stratergy will be as they have no staff and without Pero's they don't really have a business - flavoured vodka or scented candles anyone?
-
17-08-2012, 07:20 PM
#600
Junior Member
Originally Posted by invessi
Freezing order removed....Liberty purchasing the rest of Pero subject to an independent valuation, current value considered to be $16m
Been looking for info re liberty buying PERO where was this published?
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks