Watching Nadia on TV. Does she not have any empathy for the millions that have been lost by shareholders since the IPO. Is she just oblivious.
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Watching Nadia on TV. Does she not have any empathy for the millions that have been lost by shareholders since the IPO. Is she just oblivious.
She doesn't lose any money...she cashed in her chips...get paid while working with MFB...the rest of her holdings are freebies....thank you shareholders!!!
Nadia wasn't responsible for the financial part of the business, her main role was managing the food. The original holders had also sold 70% of their ownership to Watermans back in 2016 so it was no longer within their control what Watermans wanted to do, it wasn't until 2021 that MFB came onto the markets. She continues to have to have a small shareholding and works for the company, but the IPO debacle was hardly her doing. Should she quit because she feels bad or fight to get the company performing again?
Precisely, sb888.
Why is she being held to a different standard than say, the original shareholders,promoters and directors of Metro Glass, Intueri, Radius Care, Oceania, Sky TV, Feltex, Cannasouth etc?
Some of the Nadia critics are starting to sound like Simon Whimp of DGL infame - sp down 63% in 1 year.
She's never been a director of MFB Group Ltd, and hasn't been a director of MFB Ltd (owned by MFB Group) since late 2016......
If anyone is to be blamed for the massive losses of the 'investors' who bought into the IPO, they are :
1. The investors*, specially the 3 funds being Milford, Harbour & Devon with their highly paid managers, for buying into the IPO - there were plenty of warnings out there to not participate in the IPO (Eg. Gaynor wrote a negative article).
2. The promoters (especially the brokers being Forbar & Jardens) who aggressively pushed the IPO to their retail clients.
3. The directors who as we all know were attempting to do an initial 'better than forecast' maiden result but were caught out when the CEO spilled the beans before listing.
* excluding the retail clients who had discretionary accounts with the brokers and were stuffed with the stock without their knowledge.
https://businessdesk.co.nz/article/m...food-bag-stock
Hmmm,Habour,that's definately a warning sign for me