Allied Farmers Limited Capital Notes (ALF010)

[Alan3285]

As a tax payer you are right into SCF so worth watching if only for that reason

Not really worried about that. The govt will get back most of what it shells out - the losses won't be ruinous to the country, and the harm was all done by Goff's Boys in 2008 - can't change it now.

Alan.

[Alan3285]

Amazing story in the NBR last week about how Ed Sullivan sent some papers over to hos meatworker brother-in-lae to sign and then the brother in law ended up as the sole owner of the Hyatt Regency and owed SCF $42m odd .... all to muddle the related party loans situation

Supposse Alan thought this was all kosher as well

Perhaps that is meant for the SCF thread?

Alan.

Edit: Okay - Done.

[Alan3285]

Alloway has resigned from the board, staying on as CEO until Jun 2011:

Alloway resigns from Allied Farmers


Not sure if it means much?

Alan.

[Balance]

Alloway has resigned from the board, staying on as CEO until Jun 2011:

Alloway resigns from Allied Farmers


Not sure if it means much?

Alan.

Rob Alloway has done his bit to the further destruction of Hanover's investors already depleted funds. Crying crocodile tears as he quit does not absolve him in anyway in his role from this most disgraceful chapter of NZ's financial history.