Originally Posted by
Beagle
Yes a pathetic effort all round by all involved. Earlier in the week your mate Kim said real estate prices had fallen 15% or thereabouts and Carolyn Steele committed to the $6 figure on behalf of the super fund. (Actualy real estate medium prices are well up on 31 December 2019 figures as we know now from official REINZ stat's).
Not making excuses for the rest of the board but they set the tone and its was obvious the super fund is an extremely keen seller as were overseas arbitrage funds.
Other directors should have told them to "harden-up" and demanded $6.50.
I won't rule out buying back the minimum shareholding just to attend the special meeting and tell them what a bunch of pathetic wimps they are, in exactly those words.
They cost me many thousands of extra dollars profit so it could be quite a cathartic experience.
What a complete embarrassment its going to be for the board if monthly official REINZ sales stat's show prices continue to go up between now and the time of the meeting. July and August 2020 stat's will be out before that meeting in late September. Hope they're really strong.