Silver Ferm Farms

[Marilyn Munroe]

SFF CEO says Shanghai Maling is still in the hunt and announces delay to special shareholder meeting.

http://www.stuff.co.nz/business/farm...as-walked-away

Boop boop de do
Marilyn

Edit: Gazumped by Sideshow Bob

[Newman]

Now I understand why SFF management said it was a huge waste of money to hold the shareholder requisitioned
meeting.

[Newman]

According to the press release of Mr Peters on June 30, Goldman Sachs received $695,000 a month from SFF. It started advising SFF on capital raising on November 2014. When would its service end, 4 January 2017 (the revised settlement date with Shanghai Maling)?

Regardless of their votes on August 11, SFF shareholders have to pay Goldman Sachs a huge fee, possibly 26 months * $695,000.

[Sideshow Bob]

Here is the article......interesting.

http://www.scoop.co.nz/stories/PA160...fern-farms.htm

[Apathy]

Here is the article......interesting.

http://www.scoop.co.nz/stories/PA160...fern-farms.htm

He is 100% on the money and by the time it all plays out he will be the king maker next election.

It is the dream trifecta for Winston - offshore investment, domestic corruption and the big banks....

Sound bites aside - it is very ugly what is going on and it needs to be exposed.

[kiora]

Here is the article......interesting.

http://www.scoop.co.nz/stories/PA160...fern-farms.htm

Ooch that smells & looks like P.. S..t
Another Richmond anyone?

[Marilyn Munroe]

Rural commentator Allan Barber has an item on the Interest web site discussing the latest developments on the SFF takeover saga.

http://www.interest.co.nz/rural-news...ing-date-allan

He says the Shrimpton Group will have hard time getting the FMA and Companies Office to change their minds. He is correct in his assumption as both these are do-nothing organisations whoose purpose is to deflect responsibility from cabinet ministers.

Mr Shrimpton and associates would be more successful if they head to court.

The danger is after the Bell Group & others V PPCS litigation the courts may take a view that SFF is a repeat offender.

Mr Bell makes an interesting observation in this NZ Herald article about the aftermath of this litigation;

http://www.nzherald.co.nz/business/n...jectid=3581562

It is so applicable to current circumstances that I am going to quote it;

"Bell says he is not entirely convinced PPCS has learned from the messy takeover process."

[Sideshow Bob]

Mr Shrimpton and associates would be more successful if they head to court.

The danger is after the Bell Group & others V PPCS litigation the courts may take a view that SFF is a repeat offender.

Mr Bell makes an interesting observation in this NZ Herald article about the aftermath of this litigation;

http://www.nzherald.co.nz/business/n...jectid=3581562

It is so applicable to current circumstances that I am going to quote it;

"Bell says he is not entirely convinced PPCS has learned from the messy takeover process."

Agree re court. PGW was viewed as a substantial transaction to buy 50%, 50% to Shanghai Maling was not.

Not sure re Bell Group and learning from the past. All different board and senior management from then to now.

[Sideshow Bob]

Winston has another crack.....

http://www.scoop.co.nz/stories/PA160...fern-farms.htm

[GTM 3442]

Sadly, with the New Zealand media descending into an urban, turgid, celebrity-driven bog, I doubt that Mister Peters will be able to get the traction required for this rural issue to make a difference.