Quote Originally Posted by Lola View Post
I totally agree
How can it be explained by the organisations that give awards to the so called best brokers in the land that First NZ gets often to be number one and Craigs number two yet lemons get hoisted on poor old investors like this one quite often?
All the new compliance nonsense and Black Tie Dinner award nights won't change anything
Best research has always been and will always be good old fashioned wink of an eye
Perhaps you're right Lola, but few are connected to the wink and a nod! OHE is a despicable example of listing largess and their promoters should be disgraced and ashamed of themselves. What goes round comes round and surely they will suffer incredulity at any future tech (or other) listings on the back of this massive 70+% decline in OHE.

That said, OHE haven't done themselves any favours either. It seems they continue to struggle to adapt from the typical IT company 'sales speak' optimism to public listing where the facts tends to catch up with the reality. This emperor has achieved outstanding successes in NZ and overseas but if they can't cash flow the business, they will have no clothes.

If OHE survive the decline into cashflow illiquidity, debt, delayed sales and receivables, they could be an amazing success for shareholders who get in at the bottom. Sadly it seems that the decline towards insolvency currently seems resolute, however one mustn't underestimate the resolve to make this company a success.

Patience. Who knows, this could eventually turn into the buy of the decade. On the other hand it's looking more and more grim.