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  1. #161
    percy
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    Is there a limit to the number of times a company can "be born again"..?

  2. #162
    Guru
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    Quote Originally Posted by percy View Post
    Is there a limit to the number of times a company can "be born again"..?
    ask wellington drive and smartpay ?

  3. #163
    Speedy Az winner69's Avatar
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    They will come right one day

    Rights issue at 1 cent - suppose can't go much lower for decency sake

    https://www.nzx.com/files/attachments/242426.pdf
    Last edited by winner69; 29-08-2016 at 09:16 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #164
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    Quote Originally Posted by whatsup View Post
    read it all but not looking good (reading between the lines is it )
    Another year and ditto !!

  5. #165
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    Quote Originally Posted by percy View Post
    OMG.
    Just when you thought things could not get any worst,they just did.!!
    After reading yesterdays cap raising preamble I find it very hard to understand how Mercers can survive even with the rights issue being a success.

  6. #166
    Member
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    Isn't Mr. Rolleston a bit of a smart cookie? He still seems to be keeping this boat from sinking.........

    Incidentally, the company I work at just did a smallish job for Mercer's last month. Will be interesting to see if they pay us on time. Past performance doesn't fill me with hope.

  7. #167
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    Did anyone attend the AGM yesterday ?

  8. #168
    Member
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    Jul 2016
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    Quote Originally Posted by Ghost Monkey View Post
    Isn't Mr. Rolleston a bit of a smart cookie? He still seems to be keeping this boat from sinking.........

    Incidentally, the company I work at just did a smallish job for Mercer's last month. Will be interesting to see if they pay us on time. Past performance doesn't fill me with hope.
    haha, this happened with us also. Jobs were done and payments were always late

  9. #169
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    I heard on R NZ national radio this morning prior to 7.00am that more milk silos supposedly made by Mercers have been discovered to have welding cracks in them.
    I would have thought considering the state that the company is in at present that this would have been announced to the market in general;.

  10. #170
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by whatsup View Post
    I heard on R NZ national radio this morning prior to 7.00am that more milk silos supposedly made by Mercers have been discovered to have welding cracks in them.
    I would have thought considering the state that the company is in at present that this would have been announced to the market in general;.
    Yikes...http://www.nzherald.co.nz/business/n...ectid=11737155
    Up to $45m... game over?

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