I didn't say that they should be "special " those are your words. Falkensteins lack of disclosure as gaynor points out is putting himself AHEAD of shareholders . Snouts in the trough.
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I didn't say that they should be "special " those are your words. Falkensteins lack of disclosure as gaynor points out is putting himself AHEAD of shareholders . Snouts in the trough.
Risk you take with all size companies. Excessive free options, shares, int free loans, Imordinate salary increases, oversize golden parachutes eso when resigning after poor management i.e. rewarded for stuffing up., low thresholds for bonuses etc; withheld info; it still happens but not as bad as before with tightening up of regs. Great management who look after their shareholders are a minority; fact.
Good point chaowee88.
Its well known that many water companies just use tap water with or without a filter. iIdon't have a prob with that.Most tap water (in NZ) thati drink i have total confidence in. But i think sterilising ,purifying it with a good malt whisky is great idea:t_up:
I think you may have been partially instrumental in flushing out this take-over offer. Any way you slice and dice this thing, while you've made good money its been a miserable sad and lonely road for the vast majority of minority shareholders. I wonder how for example those who paid up for the rights issue in 2008 at 40 cents are feeling ? Hardly a generous offer from Falkenstein. I would have thought a minimum of 20 cents would have been appropriate and well supported by the improving fundamentals.
A measure of what kind of person Tony Falkenstein is and how JWI is run was glaringly illustrated when a director was appointed a few years ago and quit within 2 weeks.
The guy is no good as a creator of wealth for minority shareholders - been like that since his days of Zee Watch.