Originally Posted by
BIRMANBOY
Personally I am glad we have the NZX. They play a very important part in helping bring new investment into existing companies and also allow upcoming business a track into growth. I would say many of the new entities that get IPO here in NZ would never see the light of day in Australia. Better to see the local money go into local entities. There's good money to be made with the NZX and with a smaller boutique exchange its easier to understand and feel a part of. I don't know the details of the legal issues that its involved in so cannot comment on that aspect but the people who I have met who work there impressed with their knowledge and professionalism. Its easy to put the boot in but always important to have a full 360 degree view of the situation before slagging off willy-nilly. All business's and people make mistakes and how you deal with those situations says more about the entity. Inheriting problems is very common especially when a particular strategy or CEO goes off target. That's why teams of lawyers get paid on both sides of an issue. However the MOST important thing here is recognizing the importance of having The Exchange here and involving and employing locals in many cases. Nothing is perfect but Tim is right..we should get in and support it.