Roger ... good one
Put that on the NZO thread and you will be crucified ... wouldn't hink many on that thread would be reading this thread ... they need more thrills
I'll post it if you want
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Roger ... good one
Put that on the NZO thread and you will be crucified ... wouldn't hink many on that thread would be reading this thread ... they need more thrills
I'll post it if you want
The judiciary needs no help from you in understanding matter of law, I am sure.
Judgments are only possible when charges are laid and a case presented.
Rickard makes some good points:
http://*************nz.blogspot.com/...botherway.html
So here we have the SFO, of which Botherway is a director, in pursuit of Allan Hubbard for "too much paper in his accounting system" (though that doesn't effect the accuracy of the accounts) and "too little paper in the regulatory compliance" (though this does not seem to have worked in endless other finance companies and funds).Quote:
Originally Posted by Darren Rickard
She also would not want Balance banned. Free speech is an inconvenient thing.
Sandy knows what he is doing. Hubbard would not be subject to Statutory Management if he didn't. Think about it.[/QUOTE]
best two comments i read today.
No of investors: Aorangi ~400. Hanover 13,000. Unless you want to revisit that question with the benefit of hindsight.
And what about benchmarking?
- Did Hanover have a prospectus - well yes it did so theres a plus
- Did Hanover make regular repayments to its investors - I recall they did. On par
- Did Hanover report increase in assets over time - I believe they did.
- Did Hanover do good deeds (yes they did (just ask the Carnivorous Kauri Snail or Stand Tall
- Did Hanover stand behind their investors - well yes they did. There was $10m a piece on the table while AH had $40m.
- Did Hanover do Related Party transactions. Just like Aorangi - they did.
- Did Hanover appeal to the aged and those requiring regular income. Another "Yes"
- Was Hanover fronted a man the people could trust. Of course, yes.
- Did Hanover file consolidated accounts. No they didn't - and I don't think Aorangi did either.
- Did punters accept at face value what Hanover had on offer. Why yes - just like Aorangi.
- Did Hotchin and Watson hide from media glare (when asked about their Accounts). Yes they did. Just like AH - both were a tad adverse to media of a certain kind.
and digressing for a moment - did Hanover need investor funds as its life blood - yes: just like SCF.
- Did Hanover invest in Property Yes it did (or at least so the Aorangi investors thought) Again on Par with Aorangi
- What did Hotchin say when asked to produce accounts. "Hanover is a private company and not required to publicly report its financial results" Sound familiar?
- And familiar sounding themes? Take the purchase of a photocopier through Ubix which was funded by United. A trail of loans not dissimilar to the farm loans of Aorangi.
- Hanover, like AH had surplus cash that could be moved from one company to another.
- Did Hanover have independent directors - notice a theme here Enumerate?
Anything else you'd like to benchmark?
Darren Rickard .... Sharetraders BONGO ... remember him from years past?
Wonder if Darren really wrote that?
Emunerate.... may I with respect suggest you go to www.standard.org.nz
Must be something there to interest you whcih you could post here
Off Topic:
NZO 1980: 1.40
NZO 1990: 0.50
NZO 2000: 0.20
NZO 2010: 1.20
Not an NZO holder but they have had multiple cheap rights issues and free options issued along the way, and also share splits, a linear price/ inflation relationship may be a bit simplistic, but it gets across the point I guess...
anyway On Topic
Is this the outcome we are expecting from the Stat Man? And if so what material effect will this have on the viability of SCF?
If Mr Maier is successful with SCF's restructure and survival, then do the SCF debt securities offer a good risk/ return at the current price?
??????????????Quote:
Originally Posted by Enumerate;312296
So here we have the SFO, of [U
Sorry, I can't recall the share splits or cheap rights issues, perhaps you could post when they occurred. The last options issue was completly worthless, just ask the poor suckers who excercised there's at $1.50 !! Its a long term dog riddled with fleas.
Anyway, I digress, yes sadly I expect another truly pathetic showing fromn the N.Z. Judicial system when AH is found gulity of breeches of the Securities Act.
I have speculated before that SCF will either be owned shortly by Chineese / Asian interests, but there is of course the possibility that Torchlight might see the lightof day as the major shareholder, otherwise the Govt is likely to have to pick up the peices.
I'm sure Enumerate will be happy to advise on what happens if all the stars happen to come to allignment for SCF. The rest of us would probably prefer to place our money on a single number on the roulette wheel down at the Casino, (better odds and payback ratio).