TRA - Turners Automotive Group [previously TNR - Turners Limited]

[POSSUM THE CAT]

Belgarion Question

[Nitaa]

Writing is on the wall and the engraver is nearly finished with the headstone...its about the point where he is writing R.I.P

[bermuda]

Nita,
I hope you took the opportunity to get out in March.

Far out, another one bites the dust. The above was my last post on this sad case. I think the price was about 80 cents then. As Phaedrus says , dont get caught in a downtrend.

[Nitaa]

Far out, another one bites the dust. The above was my last post on this sad case. I think the price was about 80 cents then. As Phaedrus says , dont get caught in a downtrend.

I sold this stock at a tad over $2.50 after buying at $2.80. I did hear from the inside that this was in trouble early last year. A lot linked to the property sector especially in Queenstown.

This was one stock i kept warning people many times last year and it was only a mattewr of time

I would even go as far as to say that dpc completely mislead investors by implying that they the company was in a good position with plenty of cash reserves. i.e $30m in cash equivilent. I see this as a criminal offence imo ande hope someone is hung out to dry

[blackcap]

Exactly, its a special meeting.... people look up your company law!

They need 75% support for it to go into effect. The question is though, who called it?

[POSSUM THE CAT]

Who is going to the meeting tomorrow

[dsurf]

Executive announces interest repayment on track! Sorry it is 6months or more late. Meanwhile 95% of shareholder value lost in a year. And the Chairman & board largely remain. What a bunch of leeches

[Nitaa]

Here we go, here we go, here we go
Here we go, here we goooooo-oh
Here we go, here we go, here we go
Here we go, here we goooooo-oh

Zero comment on DPC last annoucement? Note even this?

Executive Director, Mr. Paul Byrnes, said: "We are satisfied with the
progress we are making under the Deferred Repayment Plan and are currently
ahead of expectations in relation to our cash position. We are well on track
to make the next principal repayment on 30 June 2009."

Hope ya's all been topping up or averaging down as the case may be .... Bid 5.0 - offer 12.0 cents - spread over 100% - a true penny dreadful!

discl: hold as part of my high risk/high return portfolio. Small change stuff but kinda fun.

Problem is if you want to buy the stock you need to pay 12 cps then if you want to sell them the same day you will only get 5 cps. (going by yesterday that is as i havent looked at what they are doing today) Fugly if you ask me,

[Steve]

I see that the Dunedin office has been terminated. With the building available for lease, I would assume that the premises were rented and not owned by DPC.

At least they are paying the investors back...

[blackcap]

Hello- where are we heading now. The Bakery buy a big stake. If anything it may be an intersting ride. Or is this just some swapping of share/cash with no relevance?

https://www.directbroking.co.nz/Dire...spx?id=2306262