VIL - Veritas Investments Limited

**Brain** · 13-11-2018, 02:13 PM

Tim Cook resigned from Plexure board before the last SGM. There was a significant shareholder vote against his re-election to the board. Seems that he is very much out of favour. There are a number of directors on NZ boards that shouldn’t be there. Maybe large and small shareholders will hold their feet to the fire. I am hopeful for greater accountability.

**Balance** · 13-11-2018, 02:21 PM

Originally Posted by Nice Option

Good to see they have jettisoned Tim Cook - now hopefully they get a Chairman with some actual commercial experience in the sector they are targeting. Excuse the pun but Cook really butchered this company

To be fair to Tim Cook, he only became Chairman in 2015 after the company had already blown up.

He has been a director however from day 1 so must bear responsibility for all the dumb decisions and stupid acquisitions made.

**Nice Option** · 13-11-2018, 02:46 PM

best we find out what those projects are so we can short the stock !!

**IAK** · 13-11-2018, 08:49 PM

"Having been instrumental in refinancing and stabilising the company for its future growth, I have decided to step down next year as I have significant commitments on two new projects,Cook said."Oh great, two new projects!

https://www.stuff.co.nz/auckland/108...-stepping-down

**IAK** · 13-11-2018, 08:50 PM

"Having been instrumental in refinancing and stabilising the company for its future growth, I have decided to step down next year as I have significant commitments on two new projects,Cook said."Oh great, two new projects! LOL

https://www.stuff.co.nz/auckland/108...-stepping-down

**winner69** · 21-01-2019, 02:30 PM

Looks like McCashins Brewery interested in Veritas ...going to buy some shares at 20 cents

Good things come to those who hang in there

http://nzx-prod-s7fsd7f98s.s3-websit...650/293866.pdf

**Balance** · 21-01-2019, 03:52 PM

Originally Posted by winner69

Looks like McCashins Brewery interested in Veritas ...going to buy some shares at 20 cents

Good things come to those who hang in there

http://nzx-prod-s7fsd7f98s.s3-websit...650/293866.pdf

Hidden clause - subject to backdoor list of brewery at 50c per share?

**Nice Option** · 23-01-2019, 09:24 AM

I think this Maccashins move could be really beneficial for the company. They are really well versed in hospitality and will certainly aid Veritas in extending their footprint both in Auckland and the rest of NZ. Conversely, perhaps they are looking at a back door listing....

**Balance** · 23-01-2019, 09:57 AM

Originally Posted by Nice Option

I think this Maccashins move could be really beneficial for the company. They are really well versed in hospitality and will certainly aid Veritas in extending their footprint both in Auckland and the rest of NZ. Conversely, perhaps they are looking at a back door listing....

Well, turn around and get ready for the backdoor job.

So far, been a lot of backdoors but no satisfaction for those who offer their back$$$.