Tasman Capital IPO

[whatsup]

There really hasn't been any news on Tasman that I can recall lately.
Other than Lateral offering the chance to purchase more shares.
Which I'm not......

dog of all dogs !!

[nztx]

For some reason this one & a few others with common similar directorships appear to be on
a small list which have so far managed to mainly avoid. Can't begin to imagine why

[Felonius]

For some reason this one & a few others with common similar directorships appear to be on
a small list which have so far managed to mainly avoid. Can't begin to imagine why

Well said. I am eager to avoid them too.
For this reason I have decided to extract myself and our 3 children from this (in my opinion) self-serving structure.

For those who are interested, here is the procedure.

We each acquired 5,000 shares in Tasman Capital in the original 2007 capital raising.
We have subsequently acquired largely worthless holdings in Cooks Global, Lateral Profiles and Southern Charter.
ie. 4 shareholders each with investments in 4 entities.

First step was to buy out the kids. Mmm .. I returned $500 to each of them.
I then downloaded and completed Off-Market Transfer Forms from Link Market Services for each of their holdings, so that their shares could be transferred to me. Link has recently confirmed that the transfers have gone through.

I have subsequently offered the combined holdings in the 4 entities to another shareholder in Tasman Capital for free. That will make each of their holdings a little more meaningful and avoids brokerage.

From my point of view this process clears the decks.
It also curtails the predictable flow of cash raisings and new listings which can be anticipated to continue into the future.

I am providing these details to members of Sharetrader lest others may also be wondering how to extract themselves.

Good luck to existing (small) shareholders .

[tobo]

on 22 October 2021

[nztx]

March 2021 Audited Financial Statements:

https://app.companiesoffice.govt.nz/...00F4BE95338168

Clearly a very impressive report

Shareholders Funds $74 K

NAV 1.054 cps (down from 1.949 cps)

2021 Loss $25 K (2020 Loss $24k)

2021 Operating Revenue NIL (2020 a mere 600 Bucks)


Obviously more than just a name change needed to renew things

if it doesn't make itself extinct before then or run out Loan Sources

to stump up the $16 K or so audit fees each year