Quite considerate that they seem now to print the headlines of any bad news in bold pink. Makes them stand out of the crowd.
Printable View
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Who's getting milked, the cows or shareholders ?
The optics of putting this certification process on hold look quite troubling. No progress on other certification processes in China either. Looking more like a fiasco almost every other day. Very pleased to be out.
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yes , I completed my full exit from this somewhat misleading company a couple of days ago. small loss , no worries.
I believe that is now a hat trick of misinformation events so yeh agree - this ones gone from the portfolio and now relegated to the merely 'Curious' watchlist
Leon on radio this morning
Doesn’t seem too fazed about Munchin not proceeding in the USA
https://www.rnz.co.nz/audio/player?audio_id=2018695776
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I take it a cease and desist notice means they have to stop building ..doesn’t actually say what they have to stop doing
http://nzx-prod-s7fsd7f98s.s3-websit...778/300164.pdf
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I agree that it is highly likely that an injunction will be sought and granted...unless of course the cease and desist letter was crafted to force Synliat to get around the table and talk about a meaningful settlement. Potentially very disruptive for Synlait and I for one don't think its been priced into the shares yet.
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