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View Poll Results: Will you accept the terms of the current BLU020 restructure?

Voters
223. You may not vote on this poll
  • No, the terms are unfair and I will reject them at the meeting

    219 98.21%
  • While I have reservations about terms, I see there is no choice but to accept them.

    4 1.79%
  • I find the terms fair and reasonable, I will accept them.

    0 0%
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Results 421 to 430 of 590
  1. #421
    Member
    Join Date
    May 2003
    Location
    Wellington, , New Zealand.
    Posts
    103

    Default

    I get 0.375% from Direct but on large single orders of about 300K per shot. 0.5 % for other stuff at Forbar
    Success is the ability to go from one failure to another with no loss of enthusiasm

  2. #422
    Member
    Join Date
    Aug 2010
    Posts
    396

    Default

    Look at the share price of PMP print: it jumps 14% today.

  3. #423
    Member
    Join Date
    Aug 2010
    Posts
    396

    Default Chris Mitchell has been kicked out

    Who would be blamed next time if Blue Star does not deliver what it promised in August?

  4. #424
    Junior Member
    Join Date
    Mar 2010
    Posts
    16

    Default

    14 September 2011

    Resignation of Managing Director

    The Board of Blue Star Group advises that Managing Director, Mr Chris Mitchell, has resigned from the Group, effective 11 November 2011.

    The Board wishes to express its appreciation for the significant contribution Chris has made, both in managing the business during an extremely difficult period and in formulating a new strategic direction for Blue Star.

    Following the recent company refinancing and capital bonds restructure, the Group's balance sheet is stronger than at any time since Chris was appointed Managing Director in July 2008 and it has debt arrangements in place until 2015.

    A search for a new Managing Director is now underway; meanwhile Mr. Graeme Archer, Group Chief Financial Officer, will be Acting Group CEO. The Board
    is not contemplating any change to Blue Star's strategic direction as a consequence of Chris' resignation.

    For any inquiries please contact the Chairman, Mr. Nick Greiner 649-477-0400.
    Last edited by getontoit99; 15-09-2011 at 03:17 PM.

  5. #425
    Junior Member
    Join Date
    Jul 2011
    Posts
    26

    Default

    I was one of those who voted NO to the bond amendment offer. I was suspicious that the offer was made before release of the FY11 accounts. Have now received these and lo and behold the loss ($84,894m) is substantially larger than forecast in the offer ($72,210m). Doubt whether the deal would have scraped through if the true figures had been known. Chris Mitchell has jumped ship - or was he pushed? Kiss your money goodbuy guys.

  6. #426
    Senior Member
    Join Date
    Jun 2004
    Location
    , , .
    Posts
    1,045

    Default

    Adam Feeley has got to go ...

    This, on top of the Bridgecorp champagne theft ... where is the dignity of the SFO? It seems Feeley advocates a culture of "win at all costs". Maybe he has attracted all the ex-IRD staff used to throwing their weight around completely unconcerned with the justice or fairness of their enforcement of statutory obligations.
    SFO chief angers Hubbard supporters with 'booby prize' book

    http://www.nzherald.co.nz/nz/news/ar...ectid=10757465
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.

  7. #427
    Member
    Join Date
    May 2010
    Posts
    34

    Default

    sounds as if the rats are jumping ship , don't expect any big turn around from this company they have run out of ideas they maybe smart people just not with printing ......

  8. #428
    Member
    Join Date
    Jul 2011
    Posts
    52

    Default

    Enumerate - you were a firm advocate of the 'yes' vote, even standing up at the meeting to voice your opinion to convince others. Are you still confident of getting your money back?

  9. #429
    Senior Member
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    Jun 2004
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    Yes, I am.
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.

  10. #430
    Member
    Join Date
    Aug 2010
    Posts
    396

    Default

    Quote Originally Posted by Enumerate View Post
    Yes, I am.
    Mr Tom Sturgess resigned from Blue Star board. Do you see it positive or negative for bondholders?

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