Jaa, the pea farmer and tawera land is the same operator,looks like everything got to be sold to cover 1st and 2nd mortgages as 50000 dollars of frozen peas didnt cover scf ,s $13 million or thereabouts
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Jaa, the pea farmer and tawera land is the same operator,looks like everything got to be sold to cover 1st and 2nd mortgages as 50000 dollars of frozen peas didnt cover scf ,s $13 million or thereabouts
"Finance companies have come out fighting after one of the country's largest fund managers warned their debentures were "seductive" and posed unnecessary risk to small investors.
Yesterday, many labelled the comments by ASB Group Investments "sour grapes".
Elders Finance and Hanover Group executive chairman Mark Hotchin said the comments "smacked of desperation" as fund managers were losing money and market share to finance companies.
"And so they should be because the returns are better and they are safer."
He was angry finance company debentures had been called "seductive".
"It's seductive because it's real. You're the first cab off the rank so you get paid first."
Gotta love it, hindsight and all LOL
That was from 2005 by the way.
As Buffett says, with investing it takes a while to work out whether you knew what you were doing.
Let me guess, Mr Hubbard (as we have heard ad nauseum he is the South Islands richest man) will hand over his fortune to cover the debts and save the NZ taxpayer?
I'd like a cheap Robinson R44 Helicopter, just one, not the whole HNZ company, I need a new hobby after this exhausting fiasco.