PGC - Licenced to Bank

[winner69]

Would have thought he had only two mates left;Darby and Darby's Baker Street pals.
Certainly no friends left at Thames Water,or PGC,and lets not forget there were a lot of George's friends,family and relations who he got to recapatilise PGC.Let too many people down.
Not sure whether he would have any mates left at Macquarries after he fired their man John Duncan.

Percy .... they band together in times of need .... all tainted with the same brush so wouldn't want one to (totally) fall over

As Shoeshine noted the other day the instos making a small fortune out of the govt sell out .... he hopes they (esp Macquaries) don't lead all the 'mums and dads' down the garden path to pillage them

[percy]

Percy .... they band together in times of need .... all tainted with the same brush so wouldn't want one to (totally) fall over

As Shoeshine noted the other day the instos making a small fortune out of the govt sell out .... he hopes they (esp Macquaries) don't lead all the 'mums and dads' down the garden path to pillage them

At a PGC meeting Kerr said the reason for "helping" Hubbard out was because Hubbard was the only one to help him out when he needed help the most.With Hubbard dead,everyone else shafted,I would think George "would appear to have a problem".!!!!

[Balance]

PGC minorities should be outraged at the wanton destruction of wealth as George Kerr desperately sells down PGW and HNZ shares to bail himself out of the mess he made with his irregular and improperly approved related party loans.

As written in HNZ and PGW threads, he has wiped $4.525m off the value of PGW so far fire-selling the shares to keep his head above water

[winner69]

Wonder if we'll see a run on the funds following this? ... It'll punch a big hole in PGC's worth.

you were right again
http://www.nzherald.co.nz/business/n...ectid=10818967

[percy]

Perpetual Trust Ltd advises it is placing its Mortgage Fund into a moratorium.

[Balance]

Time for PGC minorities to take a case against the directors, especially Bryan Mogridge and George Kerr, for conflict of interests, gross incompetence, complicity and destruction of wealth.

[Grantas]

Seems GK was a little late in trying to take PGC private ..now the proverbial has hit the fan it will be interesting to see how involved the SFO gets as a result of the FMA findings. Look at it this way, at least we'll get an idea of just how serious our financial regulators are in protecting investors.

[SCOTTY]

Seems GK was a little late in trying to take PGC private ..now the proverbial has hit the fan it will be interesting to see how involved the SFO gets as a result of the FMA findings. Look at it this way, at least we'll get an idea of just how serious our financial regulators are in protecting investors.

Probably wouldn't cost Goergie Boy much to go private now that he has managed to destroy what wealth there was in there. At close today there were only 586 shares wanted @ 24c. The next buyers are @ 21c. I feel very sorry for the minorities that have stayed with the shipwreck.

[Balance]

Really good to see FMA, Trustee and Judiciary working together finally at last to pro-actively protect investors from the likes of George Kerr.

http://www.stuff.co.nz/business/indu...oks-on-lending

What is truly amazing to me is how little heed George Kerr and his lackeys in PGC and Perpetual paid to the sanctions and jail time imposed on some of the finance company directors!

[janner]

heheheh..

It has been worth my hanging on to my small number of PGC shares..

GK could not achieve his take over..

Well done all who did much the same..

Ok I lose a few thou... ( maybe )..

It will be worth every cent just to send a clear message to other wayward directors..