" A senior figure in New Zealand's financial markets said the trip to New York may not be a good look, but appeared to be of better value than critics were claiming. As well as having a board meeting in New York, the NZX delegation was able to have extensive contact with senior figures at the technology focused Nasdaq, the figure said, something which would be valuable for management."
Yup - all for show. Nothing happens after that.
Come on, Swasbrook - call the Special Meeting. I have a few things I am happy to disclose at the Meeting about inappropriate behavour at NZX.
Elevation Capital ratcheting up the pressure and demands on NZX. Totally expected that NZX would reject the demands so one assumes Elevation has its back up plans ready to fire.
NZX's response is rather pathetic which is to be expected especially the Nasdaq trip being 'high valued' !
Wonder if Elevation has more ammo on who traveled to Singapore, Hong Kong and Shanghai to get the MOUs signed there.
nz doesnt really have many insto's that take a serious stand on matters such as poor performance , so its good to see someone rattling the cage.
How dare anybody (including a shareholder who actually bought and owns 1.5m NZX shares) try to get performance out of the junket-hooked board and management?
Excerpt : " Daniel revealed that in the past two years he had been trying to get the ASX and NZX boards to talk to each other, which included meeting senior management at ASX. They are really, really interested in a merger [but] there's no way they would be an aggressive bidder, they would need to have an approach from NZX. Daniel said he prompted the idea to the NZX board "and was quietly told to p... off."
Special Meeting coming up so the battle lines are getting drawn.
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